It is a French Jetton, very similar to Barnard 7a, (Barnard, The Casting-counter and the Counting Board, 2nd ed Fox 1981);
”A man standing, full faced, under a decorated canopy; he has long hair, and wears a wreath of roses and a 14th century jupon; in his right hand is a rose bush (?), in his left a garland of roses; below his left elbow is a large rose or cinquefoil; all surrounded by a granulated circle from which issue eight cusps; his feet pass beyond the circle and rest on an exergue ornamented with small crosses. Legend SVR.MA.TEST E CHAPEAVD . Rev as that of no 7, but reading T V E M. T.C.R.,I, No 1401”
The reverse 7 quoted is as yours, but for the letters AVEI, yours appears to read AVEO.
The reference T.C.R refers to a series of catalogues in French around 1900 by De la Tour.
Jerry