The coin I have measures 25 mm x 1.12 mm and weighs 4.5 grams. It is not silver and may be a copper alloy, I think.

Before posting this, I found several topics about Normatensyl tokens, specifically for this Spanish Real. I'm 95% sure I have one of those tokens. But, when I compare mine to the photos I've seen of confirmed tokens, the clarity of the details on my coin look so much better. Can someone confirm that this is a token, please? If it is an actual coin, I would very much love more information about it.
Thank you all in advance for any help.