Correct; it's a mass-produced replica Spanish 8 escudos, or "pirate doubloon". Genuine coins are made of gold, which this coin clearly is not. In
this old thread, you can find identical-looking coins, with the exact same shape and oddities in the design.
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