Neat!

FWIW, Elberfeld is now part of the city of Wuppertal, North Rhine Westphalia. The lion depicted is the Lion of Berg (which can be found in the CoA's of various formerly "Bergish" cities around here); it holds a grid-iron which refers to St. Laurentius (Lawrence?). And as Ian wrote, 1846-49 were particularly bad years in that area where such tokens were issued to the poor. People in the lowest tax class could then buy bread at about two thirds of the high regular price.
Christian