This appears to be an off metal copy of a silver real of Ferdinand and Isabella of Spain circa 1475-1495. The shield side is the obverse and the outer legend is supposed to read Ferdinandus et Elizabet. The reverse shows the Oxen yoke of Fredinand married to the spray of arrows of Isabella. Since this is a coin of the time of Columbus they have been copied in modern times quite a bit. I have a copy in white metal from the 1960s. The fact that it is supposed to be silver seals the ID deal pretty well as a copy.
Yes, this is the very commonly encountered brass replica of the "reyes catolicos" silver real. The legends are supposed to be in abbreviated Latin, but whoever made these copies did a very bad job of copying the script so the legends are now just a random garbledness of letters. By "very commonly encountered", I mean we see several of them a year posted here on the forum. Here's another one posted back in 2011, with my best guess at what the legends are supposed to say compared to what they actually say.
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
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