A piece of history!
This ring is considered a rite of passage for those who attain the rank of 32nd Degree Freemason. It's 14K yellow gold with a platinum double headed eagle on the head, which is surrounded by radiating red enamel. The center of the eagle holds a small diamond.
On one side of the shank is an Eye of Providence with the number "32" engraved underneath it, signifying the achieved rank.
Under the head of the ring is engraved "From L.J. Algyer to H.C. Algyer 12-25-26." We assume it was presented from husband to wife or from father to daughter, as it's a size 4.25, but can be sized.