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Hi Andy. What you have there is a contemporary counterfeit of a Charles I shilling. When I say 'contemporary' I of course mean that it was made around the time of Charles I's reign (probably in the late 1640s, early 1650s) It's probably base silver (silver mixed with something like copper).

I can't find an exact die duplicate in the Brooker records (Syllogue of Coins of The British Isles #33, the John Brooker Collection) but the obverse (face side) looks perhaps similar to Brooker 1208. Coins like this with later privy marks (this one appears to be an attempt at a Sun mark) are scarcer.

There are collectors who specialise in such things (I sold my little collection a while back). An interesting piece of numismatic history!

Hope that's of interest.

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