Although the design imitates a 1/4 florin coin of 1859, this item was not actually made from a coin. The back appears to be base-metal, so I would agree that it is not made of silver.
A coin collector would not want such an item, so there is little numismatic value. As a more general piece of 19th century costume jewellery, it might be worth a couple of euros.
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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