Upright Jochid Tamgha in a small circle, annulets and another enclosing circle around / Unread arabic legend. 22mm, 2.00 grams. Mintless, but certainly Qarm minte, minted ca.1267-1280. Lebedev M26. 

Enogmatic type with an unread legend. Rare.

The Golden Horde was a Mongol and later Turkicized khanate, established in the 13th century, which comprised the northwestern sector of the Mongol Empire. The khanate is also known as the Kipchak Khanate or as the Ulus of Jochi.