Hello! Good to see a fellow 17th century uk token fan.
In the references I have (Williamson and the Norweb books) it is down as the Mercers' Arms, so Waterman was presumably a Mercer.
In Williamson it says "he was Mayor in 1665 and again in 1681. Sarah, wife of Francis Waterman, was buried in Faversham Church, 1694, and Francis himself in 1707."
I really should photograph and post a few of mine here and intend to soon. These tokens are wonderful, a little record of 'ordinary' people rather than Royals. There are so many different types, and if not in a pristine condition, can be picked up on ebay for a reasonable sum. Saying that, I've been outbid on 90% of them and end up with the dregs! I do usually bid £13 though and only go up if the token is really special. Now I've got about 200 of them and only bid on those with pictures or local to me. I love the old spellings of places; was this the result of distant mintings(apparently most dies made in London) or just phonetic pronunciation? These tokens are pretty rough and dark, and often don't look great in photos but here's one from "Margitt" in Kent (Margate). Chas 'n' Dave called it that, so it's pronounciation is consistant over hundreds of years!
sorry only had a wide lens!
Here's the whole tray, OOF except the front row, sorry...
Cheers Jean! For prompting me to stop lurking and actually post something!