Okay. after looking through pages and pages of mexican coins. I have come to my own conclusion that this is some sort of reales coin that was maybe melted down or defaced somehow and re-stamped with a monogram? Looks vaguely like a B and X (or maybe a fancy I) and and an E. Plus it is pretty banged up...Just wanted to see if anyone has ever seen this sort of thing before. Thanks!
Not "re-stamped", but re-engraved. A coin that has had one side ground down smooth and a new design re-engraved on it is often known as a "love token".
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
There is a broad collector base for love tokens. Large silver coins are scarce. Yours is a little beat up but still desirable I think. Not "re-engraved" but just engraved though I bet Sap knows this and was making a play on words.
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