Coin Identification

The images may be sideways but there appears to be a head encircled with characters on the obverse, and possibly a horse or other animal with letters at the bottom on the reverse.

I inherited this coin among others from my grandmother. The others seem to have been acquired around 1968 so I assume that's when she got this one.

I can't make out any of the lettering but it seems to be very old. Is probably European but I don't have much experience with coins beside modern US ones.

I doubt it's worth that much, just if anyone has any idea where its from or a value, it would be greatly appreciated.

Thanks,
Erin

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