The following description was prepared by William Gross:
Such snuff boxes were used at Sabbath and festival synagogue prayers. During long hours of prayer, snuff boxes were passed around to the participants as a stimulant to maintain alertness and concentration. This is a nice example of the Eretz Israel snuff box, inscribed in 1920. It is most unusual in that the box was made from silver that includes a Shmirot coin from a Tzadik, a revered Hassidic Rabbi
Inscription: From Shmirot Tzadikim in memory of Rabeinu Yechiel bar Yosef, passed away on the 18th of the month of Nisan, 5680 
The front illustration in an oval is very similar to that on another snuff box in the Gross Family Collection, 029.001.005, and may be by the same hand.