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Welcome to Treasure Net !!
Looks like a Mexican Carlos III 1/2 real or 1 real. The 1/2 R will have a diameter of 16mm; 20mm for the 1 R.
Date appears to be 1764 (?); part of a series from 1760 to 1771. Retail values (without being holed) $15 and $30 respectively.
Don.....