Hey 2Valen,
The layer on the inside appears to be some sort of rubber compound. Pulled it out intact and there are no markings underneath.
Thank you and all the other members who have given me insight on this find.
It rings up as a low conductor. Chain is not detachable from V medal. The V medal is silver, I assume. The casing is gold or gold plated, there was no tarnish on the case when I dug it.
Hey guys thanks for all your initial information. The box and chain are either gold or gold plated. The V emblem seems to be silver. For some reason I can only send 1 picture per post. Will send another picture on a second post. Hopefully I took better pictures this time.
Thanks again.