Royal Mint Token/Trial coin identification

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Hi 

I found this in a kilo coin lot recently and I’m not sure what it is and the Numista image search turn a blank for this one. 

The token weighs exactly 5 grams with a diameter of 23.46mms and made from a magnetic material (likely steel). 
 

I assume it could be from a older mint set or a early prototype for prior to decimalisation.

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