That is in fact a British half penny or farthing (only a measurement of the diameter of the coin will determine the difference) of George the first. The date looks corroded, but I think that it is 1724(?).
By the looks of the obverse legend it's a halfpenny (in the farthing the two words are spread more apart). As for the date, I can't really make it out. I believe this is "obverse 3" which would be consistent with Archraz's suggestion of 1724.
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