Its just in to good of condition to expect it not be fake. I picked this one up for next to nothing. The older gentleman I purchased it from, stated he bought it out of a trinket can at a Gun Show, in Richmond VA during the early 60's. The white specs cannot be seen by eyeballing it, I suspect that it is from pulling it out of the 2x2.
http://www.treasurenet.com/forums/what/95534-1785-bar-cent-who-can-help-me.html This looks a lot like yours, probably made from the same cast as yours, considering the little bump that both coins have a 1 o clock. Cast fake...
There is no "likely" about that fake. And condition is not the indicator - the obviously pimpled surfaces from casting are.
I worked in a foundry and you would be surprised at what we would push into the drag mold then have the cope mold over it - made some pretty good copies of coins and medals but yes - ALWAYS a porous surface no matter how tight the sand was tightened up by binders. Stamped coin surfaces are nice and "smooth?" from the pressure on the planchets/blanks as the metal flows across the dies to form the highlights (raised sections of the coin/medal)!!
Sorry,they were making fakes back when these circulated this was cast and has "pimples" and no 2nd bar "thorn"....
Just looked this up - 100% copper - Colonial Coins by Type | U.S. Coins by Denomination Previous Coin on the "Cool Coins" Tour | Next Coin on the "Cool Coins" Tour
Been collecting colonials for over 40 years, and yes this one is an obvious fake. I sometimes like to point out ways people can make there own determination.