Its either a Japanese Yen or if its made of bronze its a Kuan Yong worth about 3 or 4 bucks. Not that familiar with the world coins but have a little knowledge
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It IS a very modern replica coin of a ancient chinese cash coin. 
The holes are from it adorning a basket for decoration or something... or maybe some hanging thinggy.  Commonly found on sewing baskets and other types or such likes...
The grainy back ground and clear crisp condition is a dead giveaway... often sold in packs with other coins.
Even if authentic (1875 - 1908) it would be worth maybe 2 - 3 US Dollars.
moden copy of an old chinese cash coin the holes as said are for basket hanging use -- the real old coins are thought of a good luck charms by some folks (mainly asains) --- if it was real a few bucks (3 -4) generally at most as just about all cash coins are worth very little despite the often very old age (there are a very few rare ones) as a copy coin & drilled --very little to any cash value sadly as a cash coin luck item its cool.
you buy a ticket and take a chance --- look at the fellow who bought a gold $1worth a couple grand at the pawn shop for about what $50 bucks (scrap gold price basically) --- you never know when an "interesting item" might catch your eye --that could be big bucks to the right person