Pictorial Charm Item Number: Edz4171 from the MOA: University of British Columbia
Round, square hole in centre, inner and outer rims on both sides, four Chinese characters on obverse, design of dragon and phoenix on reverse.
Design similar to a coin, but too large to circulate; not from the period it purports to be from (Larson, David).
The representation of a dragon and a phoenix or a "double dragon" chasing a flaming pearl are common auspicious images in any context in ancient China. They are not restricted to a particular class. (Li, Min)