This is an incredible find. Well done. The undertype is a Roman Provincial from Antioch, with Tyche of Antioch seated right. Zeus' profile on the obverse is still visible. Remnants of the reverse legend remain: ΑΝΤΙΟΧΕΩΝ ΕΠΙ ΟΥΑΡΟΥ. So cool.
Yes, the overstrike is a coin. It is Islamic and has Arabic on it. Not my area - but it would no doubt have been struck centuries after the Provincial host coin, which adds to the cool factor.
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