Help Identifying This Coin I Believe It Appears Ancient?

Looks like some sort of fantasy piece (inscriptions are gobbledygook, and the design is crude) imitating late 16th - early 17th century lowlands coinage (Dutch lion with bundle of arrows / arms that vaguely look Spanish Netherlands-y) .

I agree I think it is a fake spanish reale.

Correct, it's a rather crude replica of a Spanish "reyes Catolicos" silver reale. The genuine coins date from the time of Ferdinand and Isabella, the monarchs that sent Columbus on his way.

I do not know where these replicas with the garbled legends originated, but there's an awful lot of them around, and often cause confusion when they are found. We've seen them here on the forum many, many times. Example 1. Example 2. Example 3. Example 4.

If I had to guess, my guess would be a mass giveaway item - in a cereal box, or perhaps one of those Readers Digest giveaway gimmicks.