I am afraid, you are 99% wrong, since it's a 100% fake.
Compare with the real coin. Even though it's MP-M, the portrait should be the same.
http://www.coinfactswiki.com/w/images/c/c0/Spain_1888_5_pesetas_UBS_83-3356q00.jpg
The lips are different, the hair behind the ear is missing, while it should have been preserved since it's lower than the ear, the cut-off line below on the left does not form a sharp corner as it should, dots along the rim on reverse are different in size, the toning is artificial, etc, etc, etc.
If you like cheap cheese, never forget where it usually is.
I collect coins and tokens which circulated in Africa from 18th century to 2000. I sell about 7000 illustrated world coins from
http://www.avscoins.com.