It is from Iran, a "Persian New Year" token. As noted when other examples have been posted on the forum
, the Arabic phrase repeated on both sides is "Ya Sahib al Zaman", which translates to "O Owner of Time". It is not just a token to toss around at Persian New Year festivals, it is an invocation or plea for the return of the Mahdi, the lost Twelfth Imam of the Shi'ites, whose status is kind of the Persian equivalent of King Arthur: many Shi'ites of the "Twelver" sect believe that their lost Imam (who, as a child, disappeared into the desert in AD 874), will one day return, impose justice, punish the heretics and restore the Shi'ite Empire to glory.
Unlike the examples in the earlier threads linked to the post above, the OP's token is dated: 1333. This would be in the Iranian "Solar Hijira" calendar, rather than the regular Islamic "Lunar Hijira" calendar, and would convert to AD 1954. Putting a date on a New Year token makes them only useful for that one year; undated tokens can be re-used year after year.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis