Jetons often have garbled or meaningless letters; they are meant to somewhat represent coins while being careful to not replicate actual coinage designs, lest the jeton-makers be accused of counterfeiting.
As the UKDFD link states, these tokens were most often made in Nuremberg, which was the token-making capital of Europe in the late mediaeval and early modern period. Nuremberg jetons can be found all over Western Europe, including Britain. Your token has an Old German inscription, thus indicating its German origin. As your token has French-like markings - both the shield-side and cross-side are intended to be reminiscent of French coins - it was probably intended for marketing to French customers. France at the time had strict laws controlling the manufacture, import and design of jetons, so I'm not entirely sure how successful the issue would have been.
Jetons were originally intended for use as counting-tokens on an exchequer, or counting-board - effectively like an abacus, only flat on a table. Such boards were essential for conducting complicated monetary calculations like multiplication and division back in the age when everybody still used Roman numerals to write numbers, and when every currency system was non-decimal in nature. As Arabic numerals became widespread in Europe in the 1500s and 1600s, exchequers became obsolete and the token-makers of Nuremberg needed to diversify, by producing tokens for card games.
Yours lacks the typical advertisements of the token-maker's name, so I am assuming it dates from near the end of the age when tokens were still needed for exchequers. The style of lettering on the garbled-language side is quite old and ornate - the "letter-pi-shaped" symbols are an archaic form of the letter A - while the German-language side has much more modern-looking lettering. My guess as to the date would be mid to late 1500s, possibly early 1600s.
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