Coin information

A recent family member passed away and left his coin collection (mostly uk coins). However we located this in the collection but was wondering if it is something collectible with value or just something he had saved?

many thanks. 
 

Called a Hobo coin. Someone took this coin N#16031 and carved it into that design. Here's a similar one.

https://www.ebay.com/itm/126538907532

Ah thank you. I checked that eBay link and that looks like a high price. Is that someone just trying their luck do you think or do they actually fetch that value?

Probably won't go for more than $20.