A genuine gold coin love token would not be of 14K purity. Looks like a purpose made 14k gold charm, but you could call it a token of Love I guess. It would be worth it's value in scrap gold imo.
I did notice...50 year anniversary. It is between the size of a nickel and quarter. It would be a shame to scrap but you're probably right...I find myself saying that about a lot of things I scrap!