Looks like a cloth seal...
Photo below is a Haarlem cloth seal ... similar
Lead seals such as cloth seals and bale seals were widely used in Europe between the 13th and 19th centuries as a means of identification and as a component of regulation and quality control. Cloth seals appear to be the most
thoroughly documented type of seal. Cloth seals were typically two disc seals joined by a connecting strip. These were intended to be folded around each side of a textile and stamped closed, in a manner similar to that in which coins
were stamped.
Bale disc seals, were single disc sealsrather than two disc seals, and were
also used to identify textiles, as well as parcels and bales of trade goods. The obverse would typically display a city's arms, and the reverse would record data such as the length or width of fabric or the weight of a parcel.
Design Elements of the Haarlem Lead Bale Seal:
Obverse: Within a shield frame sometimes referred to as "bouche" style, a centered sword blade points upwards to a cross. Three visible stars located at approximate positions of 1.5 o'clock, 3.5 o'clock, and 10.5 o'clock frame the
sword blade, suggesting a fourth star would be located at the 7.5 o'clock position,