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This is a reverse die trial similar in style to the one used on the 1867 5 cent pattern J565/P626.
The illustrated example, struck in lead has a raised I in the center of the wreath and is ex 58 ANA, Lohr, Bowers and Merena 6/96, and 11/06, Stacks 8/07, StacksBowers 8/12 ANA, Scotsman 10/13 as NGC61, StacksBowers 8/19 ANA - PCGS62.
Photo courtesy of Bowers and Merena.
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