Coin Off Ribbon by Johnson Precision Magic

Don’t let the low price here fool you. The method is simple but the
handling puts it into the miracle class. A half dollar with a large
hole through the middle is examined. The coin is then carefully and
fairly threaded onto a piece of ribbon. The ends are held by the
spectator as a handkerchief is thrown over the coin. Reach under the
handkerchief and immediately the coin comes free. Everything is
examined, the hands are empty and your audience is dumb-founded. Easy
to follow routine included.