This is awesome! I don't believe it was made to deceive, but the reason for its creation is puzzling. Play money is a good guess. Token? Charm? Jewelry? There are sinilar looking Civil War tokens, but this has no reverse.
Not a Civil War Token, they were only produced between 1861 & 64. Looks like the reverse has been ground down as there is no rim. No matter what it is, there would not be much value in it so keep it as a novelty coin.
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