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A genuine 17th Century 8-Reales cob coin marked with the Spanish coat of arms of Filipe IV, minted in Mexico City in around 1650. It appears to be a shipwreck coin, and it is mounted as a pendant in a thick, loose band of 9ct gold (stamped 325), which can easily be removed, leaving the coin in its original state.
The total weight is 25,7 grams - and I would estimate the the gold to be about 3 grams.
See this Wikipedia link for a picture of the exact same coin: en.wikipedia.org/wiki/Spanish_dollar