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I swear its a 1877 Shield nickel.
COINS MAKE CENTS
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I really think it might be..... the date looks good, the 5 looks good, right design.
This was in a group of tokens I got in and it made me laugh so figured I would share.
Dont know why it was done but its funny, I think at least.

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I like the use of the oldtimey ‘5’ punch
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
Isn't this sort of a poor man's Racketeer Nickel?
Its something that's for sure. Maybe a "rackatwo" nickel?
HAPPY COLLECTING
COOL! An impaired proof that looks terrific!
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.
Looks like a great candidate for an EBay auction.
An interesting item. Seems it would have been cheaper and easier to alter a Shield nickel instead.
Wonder if someone drilled out the hole in an album to make the larger 2c piece fill the hole.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
Depending on when it was done, it may have actually been 3 cents cheaper to use the two cent.