This Is Fun, Wanna Try Another One!? You People Are Great.

This item is not an actual coin. I believe it is a class of objects known as "magicians tokens" - not the hollowed out, two-headed or two-tailed coins, but advertising pieces given away in advance of a travelling magician's show, and/or sold by that magician as a souvenir/good luck charm. They were often made to look old and/or foreign. For example, this one in an old thread was made by travelling psychic Anna Eva Fay, late 1800s - early 1900s. The semi-legible writing around the sphinx is presumably the magician's name.

Unfortunately, the link to the reference website appears to have gone dead.