You appear to have a farthing "Conder" token issued by Pidcock's Menagerie. I've added a couple of sites that feature them.
http://www.tokensociety.org.uk/articles/tokens/pidcocks.shtml
http://coins.www.collectors-society.com/wcm/CoinView.aspx?sc=48869
I got interested in some of the unofficial medals after I saw how many variations there were and how little they cost. This one is 26mm in (I think) brass. (George's wife looks more like Queen Anne than Charlotte to me!)
Generally only 20-30% of the world lots are actually sold in a given Teletrade auction. (See Prices Realized on Teletrade) Coins are often quickly "bid" to a level which is the consignor's reserve rather than a competitive level.
Bob