Ancient Coin?

Is it gold or silver?

it looks gold in the photo's but I thought it looked like a Darius Siglos (a silver coin)

In any case it needs close scrutiny.

I am a bit skeptical of the reverse punchmark.
The evenness of it bothers me a bit.

Of the 108 Persian sigloi I reviewed on VCOINS, only two of them had the bowstring drawn back. Such may be a much rarer type variation.

From this distance it appears to me to be a replica of a daric of Darius I. That is a famous coin type and one that would inspire museum replication.

I have an original siglos of this type, and agree with the comments that the reverse incuse punch is not typical, flat lacking relief, and the shaping of the upper body of the archer king is not correct for the type. The head is too large, as if the modeler put the head of the later archer types, holding spear (TIII) or holding dagger (TIV), on the body of the early kneeling archer type. The proportions of the upper body are off.

Here is an example in silver (on right) alongside one of the later types for comparison: