Button found in a garden in Newland St. Coleford

Courtesy of: Kellyanne Davis. Uploaded: Nov 2008
Can anyone help identify this button found in a garden in Newland Street, Coleford?.
On the reverse, around the crimped lip, is stamped - I & P Pears & Co London
We have a suggestion that it "... looks like a Gloucestershire
Constabulary button from the reign of Queen Victoria".
Thanks to Lynne Morris for adding "... could be a post office
worker's button".
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WANTED: Old photos, old postcards, ephemera and memories of the Forest of Dean, Gloucestershire. U.K.