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You've almost answered your own question. The word COPY is required by law to appear on all replica coins so that they are not treated as counterfeits. Whoever manufactured your coin did not intend to deceive anyone and they followed the law correctly.

It's almost certainly cast or struck in some base metal, and probably sold for a couple of bucks as part of a set of replica colonial coins.

The XII indicates that the face value of the coin is 12 Pence (or One Shilling). This was a common pratice with 17th century British Coins.

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14y ago

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