The only words I can make out are "Regina...Castilegio" The obverse and reverse are not centered on the same plane, they are about 30 degrees off. It is malleable. No apparent numbers/dates.
Hello Look like ancient spanish real ( not the cob version but the circular one ) Interesting coin for sure Cheers Phil
i think it's a fake real imitating one from ferdinand and isabella. weren't reals silver? i could be wrong. someone with better knowledge will come along and help.
I believe your right, I have wanted this type for awhile and ive seen them on vcoins a few times, they are silver.
Here is a example of the real one... http://www.vcoins.com/ancient/pegasi/store/viewItem.asp?idProduct=8804
