New member of a forum I occasionally post in; 1995 would be 30 years in the family… There are a couple of problems here, and I actually wrote a Coin Week article on these counterfeits… The die break is from a genuine 1795 O-119, the scratch is seen in this family of fakes and is NOT an attribution of the genuine die. Also, the edge is modern and looks flat and “machined”. Always find it interesting hearing how far back many of these modern/ current counterfeits go in families. My Coin Week article can be found at: https://coinweek.com/1794-half-dollar-and-relatives-jack-youngs-fun-with-fakes/ Best, Jack.
Also, the closed collar strike on this "coin" would pre-date the employment of that method by 20 years or more.
I had a fella call me about a Spanish 8-reales cob he reportedly found metal detecting on the beach here. This is the Georgia coast, not the Florida treasure beaches. Still, it could happen. I myself have dug a 17th century Spanish coin here on Saint Simons Island. As have friends of mine. But the coin the fella brought to show me was, though resembling a cob 8-reales, the typical tourist fake. The "coin" had bits of sand in the crevices, so maybe he really did find it on the beach. Stranger things have happened. (Or did he put the sand on there to make a fake story for the fake coin more convincing? Who knows.) I guess my point is, a coin could indeed have sat around in somebody's estate holdings, or been found metal detecting, or whatever the interesting backstory... and still be fake. At least the very polite person who posted the fake coin in the OP did not seem to have made the assumption that it was real. She(?) did say, "I'm interested to know if it is real", and not "I know it is real".
I take the backstories with a grain of salt; have seen too many "Grandpas" blamed for fake coins. But you are correct, some of these have been around for a while, but I have documented this one and it seems pretty modern; I have seen some of these latest CN fakes date back to 2007 or so.
