Mysterious Ancient Coin

Outstanding, thank you!

Color suggests 'fake', but that may be due to the uncorrected color balance of the picture.
Details look 'mushy', suggesting copy off original.

Has been black waxed to enhance the detail.
Renwax is occasionally used on museum coins to help preserve them and enhance detail. Somewhat frowned on by collectors, including me.

I would really like to look into the edge detail of this piece with a 15x loupe looking for metal distress that comes from striking, or if it indicates non stressed metal casting.
I suspect the latter.

Die match from Fake Reports?

http://www.forumancientcoins.com/fa...p?pos=-15145

Yep, sorry, but it's a replica. It's not just a "die match" for the one in the fake reports linked to above, but they are both clearly cast copies of the same piece, with the same flaws in the same places (both off-centred in the exact same way, both having the same V-shaped indentation at 9 o'clock on the obverse, etc).

If your grandfather was not a coin collector and/or doesn't remember how he got it, then it's likely to have been a Reader's Digest giveaway gimmick, or something like that.