Higley Coinage Token?

[CoinSniper]

Found this in an old cellar hole a few years ago (southern New Hampshire)... wasn't sure what this is... thought it kind of resembled a Higley Coinage Token but it could be something else entirelly, even trash metal. Reverse is flat, highly corroded, did not feel posting would be beneficial. Smaller photo reflects approx. actual size of 'coin' and has not been altered in Photoshop (played with lighting effects for larger picture to highlight details).

 

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[Cannonman17]

looks to be a piece of rusted iron to me.. don't know what the tokens you speak of were made out of. I think this is one of those things I would keep tucked away with my square nail collection

 

[Detectingfreak]

Maybe a large cent that is totally rusted through?

 

[BIG61AL]

Sorry...this coin has zero details...no matter what it "was" it's worth almost nothing, Again sorry.