Colonial Coin ID help

Patriot Relics

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Lowcountry, South Carolina / Richmond, Virginia
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CTX-3030, Deus XP II
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Relic Hunting
Hey guys,

Found this coin at an friends old plantation property in Charleston dating from the late 1700s. The coin is badly corroded but measures 20mm in length and I believe to be copper. There are raised letters around the edge on both sides but hard to make out. The back appears to have a crest and a large I. Anyone have any ideas?

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Counterfeit 2 reale.
 

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