The Shaosheng Chongbao is a coin minted during the Shaosheng period (1094-1098 AD) of Emperor Zhezong of the Northern Song dynasty. This coin is in clerical script, very rare. Only a few known example.
The "ageing" of the coin looks very suspect. It looks very typical of the fakes I saw when I was in China. I highly doubt that the stage of preservation is real unless it was cleaned at some point and kept in a somewhat non-humid place. With any of those old Chinese coins the provenance is the key to determining the possibility of it being real or not. I would tend to agree with lcm1991 that it's a replica or as you suggest in the title, a charm.
The rust (green color) was on top of the yellow layer instead of the coin itself. Just put the coin into boiling water for few minutes and those artificial chemical should dissolve.