Coin & Sash

I've been doing some research into a coin and sash that belonged to my Grandfather.
He was a member of the Loyal Orange Lodge here in our home town of Parry Sound.  As well he was a member of the "Black Knights" in Eston, Sask., when he lived there in the 1930's.

I unfortunately haven't been able to find a whole lot of information regarding the sash or coin..
Here are some photos of the items and one of my Grandfather wearing his sash.