FRENCH INDOCHINA: gaming token (3.76g), 19mm, counterstamped on a clipped-down 20 cents of 1941-S (KM-23a.2), su yáo gong si in Chinese in each quarter of long saltire // NO VALUE within center circle, TOKEN FOR AMUSEMENT ONLY around, EF. Judging from the host and the English reverse, this token was likely issued by a Chinese-Vietnamese-owned (Hoa) gaming parlor that catered to US civilian and military personnel in South Vietnam.
Estimate: 50-75 USD