appears to have characteristics of a cast copy. This is one of the more copied coins still. http://www.aliexpress.com/w/wholesale-fugio-cent.html
Well, based on desertgem's link you can buy them in bulk from China for about $1.70 a piece and those seem to be much nicer looking than yours...
Right. Those are "Fugio Cents" based on the paper money printed by the firm once owned by Benjamin Franklin and run by his partner, David Hall. (Wikipedia here:http://en.wikipedia.org/wiki/Fugio_Cent and American Philosophical Society link.) Your coin also has the same figures but it is a replica of a dollar coin that never was made. Originally, Congress authorized these as silver dollars. Only copper patterns were made. Then, 100 years later, for the 1876 Centennial of the United States numismatist Montroville Dickeson made all kinds of copies of colonial coins, including these... So it lay... until about 1963 when someone bought Dickeson's dies and made a million (or a billion) more and sold them with a fullpage ad in Coin World. As if that were not bad enough, the Boy Scouts of America were awash with patriotism and they ordered a zillion of their own for their kids. It might have ended there... But since then, people have used the copies and copies of copies of those machine-struck coins to made molds for casting even more. Yours looks like a cast coin, poured into a mold, made from "pot metal" of tin and/or lead. You can tell by the tiny bubbles that give it a "soapy" appearance. Disappointing as that must be, you know, for the price of a very common high-grade Morgan Dollar, like a couple hundred dollars or so, you can own an actual genuine US Colonial Note, even signed by a Signer of the Declaration, Articles, or Constitution; or you can own an actual colonial coin of the time, perhaps from New Jersey. It might not be pocket money (it is not for me, I assure you), but you toss your change in a jar every night and you can buy one in a year.