I don't see any signs of black on the front or back but I do agree with spats that it is a military "Great Seal" button. If it does have black on it that would date it from 1910-1923. If it lacks the black finish it would date from 1910-1917 and post 1923. There was a minor change to the shape of the rim sometime around the end of WWII I think but I am not sure exactly when. This is not to confuse the addition of a rim in 1910. Great seal buttons made between 1901 and 1910 did not have a rim. I think your rim is the earlier type.