I don't see it. The orientation of the Pearls to the G tell me it is the second variety. Let me draw some lines. Note the dots above the letters and where the Pearl's fall.
I am ringing this thing ... and I compared it to some other stuff.
Yeah. I agree, it's probably fake( or at least not silver, more likely nickel by the sound of it). Or at the very least made of something other than silver.
It's hard to ring such a tiny coin with such big fingers, though.