Strange 1914 Token

Here is a rather curious token dated 1914.
On one side it has a crude US Quarter Barber design and on the reverse it has a crude US Quarter Standing Liberty design. This token has the same dimensions as a US quarter.
Any ideas where this might be from or what was it used for?

Very interesting piece!

The 'LIBERTAD' in the place of 'LIBERTY' above the Standing Liberty makes me think it's of Southwestern, Mexican, or otherwise Latin American origin. 'New Slug' near the base of the bust is rather perplexing, though.

I'd say it's not actually from 1914, since the Standing Liberty design is from 1916; possibly from the late 1910s to the 1920s, when you could probably find both coin types in circulation. Is the token silver or [copper-]nickel?

The coin is CN I believe.

Seems like one of those slugs produced to cheat the coin operated machines. Is it the same weight as an early 1900's quarter? If it is the same weight that is probably what it is. Back then the coin op machines did not have the sophistication to recognize slugs.
Aaron

https://www.cointalk.com/threads/need-help-on-these-two.206566/

Citeer: "PetrusAscanus"​https://www.cointalk.com/threads/need-help-on-these-two.206566/
​

​Funny. Its the same guy asking question about 6 years ago. Got more or less the same/similar answer. Recycling at its best. Maybe in 2024 we can answer it again....

Funny it says libertad not liberty,
Toy money perhaps?