Look rather crude to me there are various contemp copies out there , they are very common.
As they were not worth much they were often just thrown away , loads ended up in the thames as well
pretty sure its a richmond issue
Most coins at this time circulated at their melt value along with any remaining copper/ bronze left over from when the romans left .
They probably circulated till melted down for other uses about the year 700 or so or untill decent quality silver pennies appeared
well I had been after a really nice one for ages and it came up on the bay for a half reasonable price so i treated myself
The two rarest coins in the copper / bronze victorian period are in my opinion
1851 d over sideways d
and 1862 fat 8 this ties with freeman 530 as well for rarity.
I have a fat 8 but it only grades good fine
An unusual note to this is that he actually asked for a set of his own coinage and was refused it by the royal mint (though I am sure the rejust was actually refused by people right at the top ie the prime minister and royal family
The odd few did circulate esp in the war years remember many people finances were turned upside down.
Many of those that circulated have been melted down now as they were seen as useless as no-one wanted them in the fifties and sixties , not collectors anyway
Quite true ,coins are often found badly clipped or with date or mintmark not clear - at least it has not suffered those fates
Does look cleaned though , detector find?