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Hello, I did more research on this coin and found out that it is a Spanish reales.
If you do a little more research, you might notice that "reales" are always silver. And while this coin does indeed bear the design of a Spanish-colonial silver "piece of eight" of
Phillip III (either Mexico City or Potosi mint), they did not use this exact same design for gold coins. Your "coin" certainly doesn't look silver in your pics; I assume it really is gold/brassy coloured?
I'm afraid I have to agree with the consensus on this one: it's a mass-produced replica, done in the wrong metal because, for the purpose of "pirate replicas", the general appearance is more important than perfect authenticity. It was probably buried in the sand on the beach as part of somebody's "pirate treasure hunt", and never found. They're the sort of thing you can
buy in bulk for just such a purpose; you'll notice in that bulk lot they've also mistakenly used the silver-coin design on both their "ersatz silver" and ersatz gold" replicas.
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