*IMITATION OTTOMAN Cedid Mahmudiye

This piece came in a bag of modern Foreign coins - 21 pounds! May be gold inside!!!
The dating did not seem right to me! From the experts at Zeno, I found a similar issue..... This attribution from Zeno:
Imitation of gold cedid mahmudiye (KM, Turkey #645) with distorted inscriptions and fantasy regnal year 78. Made for jewelry purposes throughout the 19th and early 20th century, very likely outside Turkey: similar imitations are met in abundance in South Russia and Ukraine, along the shores of Black and Azov seas, where they were widely used for adorning Gypsy and native Greek women's garments.

So, as you see, it is not exactly a FAKE or a COUNTERFEIT - it is an IMITATION, so the makers could not get into trouble. The regnal years alone would show that the coin was not "real" -

An interesting piece that may turn up from time to time!