I don't know what to call this one. The flip says AR, Sear 3515 Except has an A officina and the reverse doesn't match. Looking at B, I come up with an AE, Ric 41. 22mm, 4.87g Diocletian AE Antoninianus. Lugdunum, AD 285. IMP CC VAL DIOCLETIANVS PF AVG, radiate draped bust right / IOVI CONSERVAT AVG, Jupiter standing left, holding thunderbolt and sceptre, B to left. Cohen 215.
it's a bronze coin with a thin surface wash of "silver". All bronzes of this period, except some fractionals, were given this silvering. https://www.constantinethegreatcoins.com/metallurgy/
Yep it's bronze. Diocletian did strike the first good silver circulation coins in several decades with his argentei but those are generally pretty pricey. Here's my AE antoninianus similar to the OP's: DIOCLETIAN, AD 284-305 AE Antoninianus (23.53mm, 4.15g, 6h) Struck AD 285. Ticinum mint Obverse: IMP C C VAL DIOCLETIANVS P F AVG, radiate and cuirassed bust of Diocletian right Reverse: IOVI CONSERVAT, Jupiter standing left holding thunderbolt and scepter; P XXI T in exergue References: RIC V 222, RCV 12660 Darkly toned silvering. A superb specimen, virtually as struck and well-centered on a large flan.
Lugdunum was producing the same reverse type across multiple officinae at this time. As has been mentioned, all these coins were bronze with silver wash aka silvering. Here are two examples of the type from my collection illustrating the two officinae. Obv:– IMP C C VAL DIOCLETIANVS P F AVG, Radiate draped and cuirassed bust right (seen from rear). Rev:– IOVI CONSERVAT AVG, Jupiter standing left with thunderbolt & scepter Minted in Lugdunum (A in left field). Emission 1 Second Series, Officina A. Mid A.D. 286 – April A.D. 286. References:– Cohen 215. Bastien 18. RIC V pt. 2 Lugdunum 41 Bust type C. Obv:– IMP C C VAL DIOCLETIANVS P F AVG, Radiate draped and cuirassed bust right (seen from rear). Rev:– IOVI CONSERVAT AVG, Jupiter standing left with thunderbolt & scepter Minted in Lugdunum (B in left field). Emission 1 Second Series, Officina A. Mid A.D. 286 – April A.D. 286. References:– Cohen 215. RIC V pt. 2 Lugdunum 41 Bust type C. Bastien 21 (20 examples cited)