Weight: 0.3-0.4 grams
Diameter: 14mm
Bellydancers item.
The hole is in the mint but looks like Egypt (misr)
Seems Mustafa III and the year 1171
I do not think that is a belly dancer token.
You might be right, the alloy doesn't really correspond, and the hole seems hand made.
I mean, might had been used as a belly dancer jewelry but I think is a real coin.
Link of Mustafa III coins minted in Egypt:
https://www.zeno.ru/showgallery.php?cat=22360
Valuation is low, these coins are available in huge numbers so one with hole bodged in it is not desirable at all
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