Looks very obviously fake to me. The smaller shields on the eagle are far too large, the reverse lettering is far too crude, and, well, the "error" itself is simply too implausible. Oh, and real (non-error) coins of that type (even from the intended time period - roughly 1901-1905) are pretty darn common, and nowhere near valuable (at 2011 silver prices, they were barely worth melt; don't remember if they have any premium now that silver is cheaper). It was probably intended for people who don't know Cyrillic - which might just as easily be contemporary (i.e. 1900s) Russian subjects on some far edge of the empire as modern European (or Chinese) tourists. Because of 1) the sheer crudeness and 2) the general type being nothing special, I'd suspect contemporary, but I've seen enough weird modern fakes by now that I can't really be sure of either.
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