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I gather from KM that the mark on the rev is Edo (Tokyo)
The kanei tsuho were made in quantity, over a long period and in several mints. That makes it unlikely that they were made of one source of metal. Nice story, though.
Note that the "Buddha statue" story, whether apocryphal or not, relates only to those with the character "mon/bun" on the reverse, not *all* Kan'ei tsuho coins which, as you say, were made in many locations and for a couple of centuries.