These are tough, Bill.
There are experts who understand all the ins and outs of California gold, but they are difficult to find, even online.
Yours looks like a fake, but the trouble is, they ALL LOOK LIKE FAKES, even the real ones!
See this page:
If you haven't done it, take your token to a jeweler and have it tested for gold content. If it's solid gold, it could be real and therefore carry significant collector value. If not gold, or just gold plated, it's a fake.
Hi Bill -- There is a rather new device known as an XRF Analyzer which many jewelers, and some coin dealers, have to non-destructively test metallic content.
Wikipedia; XRF can nondestructively analyze gold, silver, and platinum group metals, as well as nonprecious alloying metals, contaminants, and gold plating. XRF can even be used to identify certain fake gemstones, such as cubic zirconia, titanite, and leaded glass.
XRF (X-ray fluorescence) is a non-destructive analytical technique used to determine the elemental composition of materials. ... XRF analyzers determine the chemistry of a sample by measuring the fluorescent (or secondary) X-ray emitted from a sample when it is excited by a primary X-ray source.
Check for someone with an XRF machine. I've seen handheld ones. Very cool.