It's a replica/reproduction showing the the obverses of two different coins: Austrian guldiners or double-guldiners. The reverses of the two coins both have an elaborate multiple-coat-of-arms design. Here's a "rider" type in the Metropolitan Museum of Art collection; here's one similar to the other type sold at a German auction earlier this year.
It was presumably sold as a cheap souvenir in Austria, perhaps around the time of the 500th anniversary of the coronation of Maximilian in 1959.
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