Real, counterfeit, replica, or restrike?

I just came across this 1881 1/4 California Gold Token and I do not believe that it is totally authentic.

Can someone please let me know any details about this coin?

Thanks a lot!

 

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That's not real.

 

Any more info on it? What are the signs to look for to know that it's fake?

 

This is what I found on PCGS:
https://www.pcgs.com/coinfacts/coin/1881-25c-bg-788/10615

 

Can buy one here that looks exactly like yours for 12 Euros
https://en.todocoleccion.net/old-co...oken-1-4-dollar-1881-octagon-indio~x102759446

 

Looks like a toy token. It's a replica.

 

Real ones will have a denomination D, Dol, Dollar. The fractions does not count as a denomination.

Interesting, the MS 64 pieces they show are real, the MS-65 is a fake and from a different rev die.