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With the head profile and the size, pretty sure it is a George II Half penny.
A good link below that shows this colonial copper as well as counterfeits. On the same site, check out connecticut colonial coins that also shows a number of variants of the George II bust.
Check out a few links about counterfeit and blacksmith coins of that time, pretty interesting... they estimated by the time of the revolution, there were more counterfeit George II and George III copper coins in circulation than authentic ones. Some of these are quite crude and since the detail of the busts and letters were hard to duplicate, they were made to look like they were worn smooth and blackened in a fry pan to make them look aged.
Your example is worn so smooth and with so little detail (no letters at all) betcha it started out in a blacksmith shop. Very nice coin and worth the time to have an expert look at it. Many of the counterfeits have been catalogued and are identifiable and are often times more valuable to collectors than the originals.
From Coins of Colonial and Early America, an exhibit of over 250 items from Massachusetts silver to the provisional half disme of 1792. Features high-resolution images and detailed descriptions.
Whoever punched the hole through near bent it in half. Do you suppose that was done to mark it as a counterfeit?
Funny eh, at one time it was worth someone's time and effort to counterfeit a penny, ha! I have an old copper penny that was attributed to a blacksmith who was said to crank them out to pay his bar tab.
Below an interesting cast lead large cent, whoever produced it even went so far as to give it a copper plating finish.
Outstanding finds, Boxcarwilly, thanks for posting!
Out of interest, a series of videos by a fellow copper plating cast lead bullets with great results.
Some sort of similar copper plating process on a cast lead coin and then antiqued with sulfur and oil and such, it would make for a pretty convincing coin. Not sure how long plating would stand up on lead after being buried in the ground for a hundred years and more though....