Is this a coin?

[diggger21]

I found this near a old hacienda in Mexico. I need help identifying it

 

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[cudamark]

It doesn't look like a coin to me. What does the other side look like?

 

[jeff of pa]

it looks like a Key chain Fob with the hole broken out to me

 

[coachbedford]

I think it's a 19th century mexican copper or brass coin that was smoothed out and struck into a hacienda token