This is a Bishopric of Paderborn 1/12 Thaler from 1717. The Bishop who issued this coin was Franz Arnold von Wolff-Metternich zur Gracht, who was also Bishop of Münster.
The coin looks cleaned, but most of these German States coins have been at some point. I would say it is probably VF Details, but I'm no expert. Value guide (and handy illustration) here:
http://www.ngccoin.com/poplookup/WorldCoinPrices.aspx?category=181483&worldcoinid=405391
Note that if this is cleaned, your value will decline significantly.