The design is that of an American gold $20 coin, but it is way too small for a gold $20 coin. It is presumably a miniature replica, made for jewellery purposes. Genuine gold, just not a genuine coin.
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
It's a miniature copy of a St. Gaudens $20 gold piece. Many types from different manufacturers. Here's a past thread about them: https://goccf.com/t/43813
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