Forgery from the era of the denarius of the Emperor of Austria and King of Hungary, Maximilian II Habsburg. While the Mother of God with the Child and the coat of arms are made quite correctly, the ring legends are practically a collection of random letters and symbols. Coin minted in copper, originally silver plated. The mint in Suceava, the capital of Moldova, specialized in such forgeries. It flooded the neighboring countries with counterfeit coin, mainly Polish, Swedish and Prussian, and also, as you can see here, Hungarian. Most of it is primitive production. It was only after 1662, when Tytus Livius Boratini, the manager of the Ujazdów mint, fled from Poland to Moldova, that the forgery production became of high quality. It was hard to tell the difference between pennies and triplets, fake and real. The fake ones, of course, had almost no silver, they were copper, silvered.