It was minted during the British administration of the Ionian Islands. This was from 1809 to 1864. The French lost control of the islands to the British during the Napoleonic Wars & they were eventually ceded to the Greeks by the British approx 50 years or so later. Your coin comes from that period of British rule.
I purchased one myself on e-bay today in similar condition for just over 9 GBP, though I have watched them sell for considerably more than that on occasions.
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