Just tidying up some blasts from the past (including some very ancient ones), largely for the benefit of anyone searching the site for information.
There are multiple variations of this token, some of which are obviously very recent in origin. Numista has it listed, but with no explanation of its purpose:
The inscription “גאולת ציון” (Geulat Tzion) does indeed translate from Hebrew as “Redemption of Zion” and I believe it’s just a religious pocket piece, not a token as such. The original intent of Zionism was the redemption process by which the Land of Israel that has been pledged to the Israelites is reclaimed, accomplished through a payment of the debt owed to God as a fulfillment of the conditions set out in the Torah. In a modern context it’s essentially a re-affirmation of Israel’s right to existence as a state and homeland for the Jewish people.