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Its hard to tell if it's just lighting and reflections in the pics, but is it possible this was just a silver plated version that someone removed the plating? I've seen that with other tokens and medals before.
It's possible, I don't have it in-hand yet, but when it's here I'm going to give it a once-over and compare it to the only photos I've seen of a confirmed bronze example. I don't think so, though, since I've seen other worn silver-plated examples for sale online and there is usually some sign of plating.