This item is a vintage 1940s or 1950s Asian boy bobblehead nodder coin bank, commonly known as a "Bank of China" bank, typically made in Japan from papier-mâché or plaster. Most unique turquoise painted bobble head very rare. 
Features: It features a turquoise and gold hand-painted finish, rhinestone eye accents, and yarn hair.
Character: The front often displays the Chinese character "富" (fú), which translates to "fortune" or "wealth".
Purpose: It functions as both a decorative figurine and a coin bank, usually with a coin slot on the back and a stopper on the bottom.