Spanish Or Mexican Coin Identification

I found this coin that is about the size of a nickel. Not sure of the composition, possibly bronze. It has a large cross on the back with four emblems between each of the sections of the cross. On the front are some type of pillars with letters and numbers. It looks like there is an 11 on the top left, 8 on the top right, 7 on the bottom left and 1 on the bottom right. They are appear to be separated by 2 P's. Both sides have engraving letters around the outside of the coin. I was thinking is might be some type of Spanish escudo or real.