What happened here?

It weighs light, 10.3 (not sure about weight tolerance)
I was thinking maybe it was encased?

 

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Not sure but something about it is setting off my counterfeit senses. The weight is way lighter that would account for in the amount of wear. The rim looks really off like it was part of a braided bezel.

 

I have been going thru some old coins and had never noticed it before. And wouldn't have if I didn't find another 52. It seems the reverse looks a bit different also from this one.

 

Looks like a counterfeit struck on a foreign planchet - I recognize that edge, but for the life of me can't remember specifically where from. Maybe a Canadian penny token? An interesting piece.

 

You captured my interest. Keep us informed thanks for sharing.

 

Thanks,
I originally thought it might be a snuff type coin. "Two pieces" thats why I weighed it.
But it's too heavy to be hollow in the middle.
If you remember where you have seen that roped edge let me know. I am stumped.

 

@Jack D. Young I know these are difficult to nail down variety's. But do you see anything that says counterfiet?

 

Well, not seen an edge like that on a large cent...

 

It looks a lot like the second one from the top.
Just half of the collar is gone.

 

So a fake. But how old. Do you think that this is a modern counterfeit?

 

A friend has an 1850 that is reeded- coin is genuine in his case just played with...

 

The top one is a fake. It's the lips. A lot of Chinese fakes have these weird lips. Her nose too. The date.

 

So, maybe the start to a Magicians two piece?

 

Date like this?

 

Interesting.