I've been wrong before but I think its one of the early Chinese copies,it has the extra long spike(piping?,i forget whats its called) under the Kings gown bow.Also no detail on riders hand on horse.
It does look a bit rough, but I don't know Australian coins. I think I see a double strike. It's to the right of the King's crown, on the top of the horse's tail, and on the right of the front left horse leg. Can anyone more knowledgeable confirm?
Yes, it's double-struck, with about a 7 degree rotation between them. Two crowns, two crosses, two beards, two horse-tails, and lettering mangled to unreadability.
And yes, it's fake.
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