You see a Archlight dungeon medal. It weighs 10 oz. These can be exchanged for awakening experience at the Rare Goods Collector.

Dungeon medals are items commonly obtained in dungeons boxes, as a reward by helping kill raid bosses and the Lord of the Elements Rift boss.

Item uses:

• 5 is needed to craft a Rift Item
• Dungeon medals are also able to be turned in for Awakened Exp
• You can exchange dungeon medals for guild experience.

There are some quests that award Dungeon Medals:

Hellfleshed Demons Spawn has a chest that gives one.