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Swiss "League" 5 West Cantons Commemorative?

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Hi everybody,

i've found this Medal into Grandma box .

I've identified as Swiss Medal on 1859 year.

Unfortunatelly it's many oxidized but on the first face  it's possible see 5 shields from 5 Cantons:

1 Valais ( VS) - Wallis
2 Geneva (GE)
3 Lausanne (VD)
4 Fribourg (FR)
5 Neuchatel

It's impossible for me find more infos.

I don't know if it's a Medal or Token about which commemorative event.

It's possible read these letters form second side:  LES PAYxxNE ( LES PAYERNE or PAYENNE i suppose)

Who can help me ?

This Medal have a Value?




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