A token coin and a manufacturing method thereof are disclosed. The token coin with an RF label embedded therein may be used as a disposable coin or a fixed amount coin. Although the token coin is manufactured through insert-injection molding with the RF label embedded therein, the RF label is not damaged by the high temperature of the molding process. The token coin includes a coin body (10) fabricated from first and second discs (12, 14) each having a depression (16) at a central portion thereof. The RF label (20) is disposed in the depressions (16) of the coin body (10). The coin body (10) having the RF label (20) is, thereafter, inserted in an insert-injection mold and is subjected to an insert-injection molding process so that an outer ring 30 is integrally formed around the circumferential edge of the coin body (10), thus providing a token coin.