I do have something similar in my collection
I am not certain if the original host coin is genuine to start off with but this a Chinese Qing Dynasty 1911 Empire coin overstruck to 1914 1 yuan Gansu Province.
Gansu province 1 yuan is actually quite scarce in any condition and command high premium. When it was first released, its silver content is lower than other provinces which meant that many were traded at a discount and were not quite welcomed with the public. Today, it commands serious premium.