Cannot Identify Coin Or Token

What exactly is a Chinese fantasy coin?

It's not a coin. It also doesn't look like a token for a specific purpose (for example, for a transit system or to advertise business).

There are a large number of round objects created by non-official Chinese mints. Some are good coin forgeries, some are bad coin forgeries, and some have no relationship to coins. This appears to be one of the later. (It could be non-Chinese, but from the symbols that seems unlikely.)

They cost $0.25 to make and sell to tourists for $2 each. That's reason enough.

It looks cool, but has little to no value.

I have no idea who would have given it to me, so I can't even guess from where out came.

Thanks!

The Chinese make hundred of different types of "fantasy dollars" - things that kind of look like coins, but no genuine coins actually existed with that design. Figures from Chinese mythology such as this one) are common, as well as historical figures such as emperors, philosophers, poets etc. They are often sold in "sets" in a descriptive album, but are also sold individually as well. Anything to make the tourists part with their money.