Well, it is a medal but is commonly referred to as
Egyptian Magic Coin

Egyptian Magic Coins have been around since at least 1905, when a listing for one appeared
in the 1905 Sears & Roebuck mail-order catalog as part of a watch fob.
The 1922 discovery of the tomb of the Pharaoh Tutankhamun or "King Tut"
created another wave of "Egyptian Revival" items, including more of these coins.
Some were sold by traveling carnivals and circuses as good luck coins.
Some were handed out by stage magicians, hence the description "Magic Coins".
Some were sold at the Chicago Century of Progress World's Fair of 1933-1934, and at other large events.
Some tourists in Egypt have reported seeing these items for sale in the bazaars.
Another type1948 Egyptian Magic Coin

This medallion was manufactured in 1948 and 1949 as a promotion for the radio program
"The Romance of Helen Trent" which ran from 1933 to 1960.
In 1948 one of the sponsors, Kolynos toothpaste and tooth powder, produced an Egyptian styled medallion which was sold or given to the program's listeners.
"The Romance of Helen Trent" was an American radio program or "radio soap opera" which ran
weekdays from 1933 to 1960.
It told the story of the always 35-year old heroine and her continuing attempts to find the right man.
One slogan used was "Can love come to a woman over 35?"
The show's daily opening:
And now, "The Romance of Helen Trent", the real-life drama of Helen Trent who, when life
mocks her, breaks her hopes, dashes her against the rocks of despair, fights back bravely,
successfully, to prove what so many women long to prove in their own lives:
that because a woman is 35 or more romance in life need not be over; that the romance of youth
can extend into middle life, and even beyond.
The medallion was based on the Egyptian Magic Coin medallion which actress Jennifer Jones wore in the film of which a number of varieties can be found.
I have tracked down this information supplied by our fellow member
willieboyd2.
That is how I've provided the post description here. Thank you very much
willieboyd2 for permission to use your research here and in my CCF album.