The reverse legend is nonsense and the obverse legends incorrect from any Edward coins ive seen. It doesn't make sense , thats the major giveaway. Plus as you say its sharp and bright. You do see nonsensical legends on continental coins imitating english coins but you can see there aged and are contemporary to the period, this does not look old. When i first saw it on eBay with the sellers pictures i thought it looked plastic or pewter.