I don't know which is is. I suspect token since it has no date, country, or denomination, but, there isn't anything to indicate what it's for or where it came from. The only letters on it are VB on one side. I've looked a bit on Token Catalog, but to do a search, you need some words or phrases. It's 28mm (1 1/8") in diameter, chrome-like finish, and non-magnetic. It's too heavy for aluminum, but, I'm not sure what metal it's made of... maybe stainless? Casino token?