...see pic below. I've found old silver coins that have had 4 eyelets soldered on exactly like that to form a bracelet.
Also a little note on the history of cameos below. During the 1800's, Queen Victoria's taste for diamonds and cameos set the fashion of the day, and costume jewellry made out of copper became very popular. You'll often find this copper jewellry with traces of gold gilding remaining and set with white sapphires to look like diamonds. Hard to tell from the pic, but as per the note below, your copper cameo may have been enamelled to look like a authentic cameo carved of shell or lava. With a magnifying glass, you may be able to find traces of the original enamelling or gild.
Nice find, Coach. Definitely part of a bracelet, the rest a best guess.
>>>CAMEOS are made from carved stone or shell. Traditionally sardonyx or other two coloured hard stones were used and have been found from the second century BC to the 21st C. They became very popular during the Renaissance and have retained their popularity in the form of rings, brooches and pendants.
In the 18th Century, cheaper cameos were appearring. Wedgwood started producing moulded stoneware cameos and Bilston produced enamel versions. Also ceramic and glass imitation cameos were becoming increasingly popular as they were more affordable.
In 1805 Napoleon founded a school of stone engraving to promote the production of cameos and had his coronation crown decorated with them. Cameos became so popular that they were imported. Shell cameos came from Sicily and lava cameos from Pompeii.
19th Century cameos often portrayed popular figures such as Sarah Bernhardt, Queen Victoria or other female portraits, whilst earlier pieces showed carved scenes of historical interest, important events or mythology.<<