I agree. Looks like a cast fake. Here is a real one that was gifted to my son and me when we first started collecting. Sorry for the awful picture!
I think that it is a cast copy. I was looking for environmental damage, but the roughness and lack of sharpness, especially on the reverse, seals its fate.
A coin like this would be worth a lot of money if real. Therefore, you wouldn't just stumble across one. I tend to agree with others that the look isn't great, and without further info (like weight and edge) I'd be inclined to say it's not real.
It's hard for me to believe that anyone who knows enough to realize what that's supposed to be would simultaneously be naive enough to believe that it's real and could be purchased for that little.
These people may well have shill bidders who participate in making the coin look legit. Shill bidding is something we don’t talk much about. I believe it’s far from uncommon.
Here's a direct connection with a shill and a coin. Once upon a time diners and restaurants had minature juke boxes on the tables. Put in a quarter, select you songs (three for a quarter) and from a central location your choice of music would play throughout the entire eatery. When someone put in a quarter at their booth, everybody would hear theirs favorites. Owners and managers soon realized that if just one person did that ten others would join in. When things were slow the owner/manager would put in his own quarter and start the ball rolling. Over the course of a day's work he might have put in a couple bucks worth of HIS quarters. To make sure he got his money back he marked his quarters. A very common marking circa early 1960's was red nail polish around Washington's shoulders similar to the red capes that Cardinals of the Catholic Church wore. We use to call them "Kennedy quarters" for JFK who was the first Catholic president. So, those quarters were actually shill coins to get the patrons to start using those jukeboxes. Not too many originals around now as those were 90% silver quarters and most were melted down long ago.
Ebay sellers selling these for $39.99 as stated copys. Like the one below....other use slight of words leaving buyers wondering (that dont know prices yet...I have been there) if they are real and they might be gettng a good deal.