The other side is in bad shape too. Under the right light, I thought I saw a horses head, and when I researched the coin, I saw that there actually is a horses head on the 1786 New Jersey cent. Also, I can see lines close together, and going down the shield. I can only see a couple of them tho
All varieties of the NJ copper have the center point of the shield higher than the outside points.
The top three points of your shield are of equal height, and is a conder token, maybe not the same as IP posted, there are a lot of them with shields.
I made the same call as you 2 years ago, and many others didn't catch it either.
http://www.treasurenet.com/forums/today-s-finds/259443-colonial-day-9-coppers-crossed-one-off-more-video-added.html
Not on all varieties is the center point higher than the outer two. I have a 1787 Maris-38z and the center point is lower. I haven't looked at every variety but I think the wide shield is 1786. Here is a photo from coin facts of the maris38z with the lower outside points.
ACE- that's a good find either way. Maybe try taking a few more photos of obverse and reverse. Someone may spot something to help ID.
Yes the one I found I believe is "very scarce". That could easily be the token you guys are referring to but without more detail I'm not the one to say. Maybe Don in SJ will chime in.