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This piece is a sterling wine coaster with wooden insert. The piece is marked STERLING with a hallmark that may, or may not, be SWW, and 1-1/2.
The hallmark appears to be an elongate "S" over two "W"s. There is a small round ball at the bottom of the "S" which lands between the bottom of the first "W".
Thank you for any assistance with this unique mark!
Cheers!
Your image is a bit unclear for me, but feel pretty sure it's the trademark Wilcox Silver Plate Co. (International Silver) used on their sterling goods- the clip below is from a 1904 trade publication.