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Yes it does seem like an Edward I. The coins were made 1272-1307.
Welcome to T-net, and what side of the pond would you happen to be on?
Nyargc, my mother was born and raised in Falkirk, I visited there as a youngster and she showed me a park where she said a great battle took place (battle of Falkirk?)....which was directly across from where she grew up...if that's the case, I'd love to detect that! Welcome to Tnet, nice coin...how did you find it? How deep? What machine do you use? We don't see many coins that old, that would be a banner find here lol...thx, DdfI'm from Scotland.