I'm not familiar with this issue, but it certainly looks like the cheap cast imitations that I've seen for other early coinage. See the pock-marks on the surface? Those are probably from bubbles during casting. I'll bet if you look at the edge you'll see a raised seam.
Look it up on a site like PCGS, Heritage auctions, or NGC. Then compare the picture of your coin to the authentic coins at those sites. You should also be able to find weights there, or look in your Redbook (don't have one? Get a copy! A Guide Book of United States Coins). Your coins is a poorly cast copy per the reasons @-jeffB posted
There's no sharpness to the letters. That's the first thing I noticed, and it's not something that would happen from wear.
Here is the original, credit to CoinsCatalog.net. I've never seen this token before but at a whooping $35,000 USD I can imagine why my local coin stores don't have one sitting out. Notice the clear, sharp details one every detail compared to yours. There's a difference between worn coins and crudely made fakes and the best advice I can give to differentiating them is to just look at a ton of fake coins that copy the coins that you're interested in purchasing and try to compare them to legit ones.
If any new collectors are interested, this type is listed in "The Guidebook of United States Coins" by Yeomen (The Redbook) in the Colonial Section as Rhode Island Ship Medal. Many will recall experienced collectors on CT recommending buying a copy. This is just one of numerous topics in that book. It will be the best $10-15 you'll ever spend on the hobby. Sorry for the minor diversion on this thread
Thank you so much for looking into this coin for me I see a big difference in the sharpness as you noted. I figured it would be a replica but I could not find anything to compare it to. I will look in to the reference book suggestion that was posted.
