Image courtesy of the Sheree Waddell Collection.
In person, the coin looks silver rather than the bronze in the above photo. Some have suggested it might it be a theme park token, but those typically have the park logo stamped clearly on the face. Maybe it was a gift-with-purchase for some doll or collectible? I haven't been able to locate an answer.
In 2016, the coin showed up on ebay listings several different times. All of the sellers were located in Australia. Is this an Australian-produced item?