I think the first is a medallion souvenir for the 1972 Munich Olympics - it might be gold plated.
The second appears to be an Austrian gold 1 ducat with the date 1915. These are still being struck by Austria, however fakes abound, many cast by jewellers in all sorts of metals.
Thanks for the information Mr.T. I check it out on ebay and it goes for about 200 bucks. The first one I'm guessing its a token, I dont have a digital scale to weigh it unfortunately.
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