Physical bitcoin

[icalical]

Physical bitcoin is just a collectible or merchandise, and most of those items has little to no value. However your items might have a private key to a wallet that contains some actual bitcoin, if you get that as a gift, then you may ask the person who gave that to you whether your physical bitcoin has wallet on it, if you get that from someone selling those items and he claim that it worth something, then it's a bad news, you have been scammed.

[ImThour]

I am sure the Phsyical Bitcoin which you have isn't a real one, by real I mean the Casascius physical bitcoins (https://en.bitcoin.it/wiki/Casascius_physical_bitcoins).
Maybe someone trolled you and I hope, you didn't paid anything to them. If you paid them anything, you are kinda screwed tbh. Let's hope that's not the case here.

This is how the real one looks like:

[Patrol69]

Bitcoin is a completely virtual currency that has no real existence. How can you keep something that doesn't really exist? Bitcoin logo designs are usually made up of different coins that have no real value in that you may have kept one of the coins for yourself. This kind of physical BTC is available to buy in online markets of our country where one bitcoin is worth two dollars. For two dollars I bought a physical bitcoin just for my hobby and before buying I knew that this coin has no value and I can't sell it anywhere after buying this coin just to fulfill my wish I bought from online shop I bought physical bitcoins for two dollars.
You will realize its value when you have real BTC.

[NeuroticFish]

I have been given a physical bitcoin. I am COMPLETELY BRAND NEW to this cryptocurrency thing. What is it exactly that I am in possession of,by holding this coin?

It may be a valuable item if it's from a known maker (eg Casascius), or very valuable if it also holds actual bitcoins too (meaning private key of a wallet), or it may be just a shiny useless (albeit nice) item nowadays mass produced and sold on platforms like AliExpress.

So without significantly more information I doubt that you can bet a more relevant answer.

[Wakate]

I have been given a physical bitcoin. I am COMPLETELY BRAND NEW to this cryptocurrency thing. What is it exactly that I am in possession of,by holding this coin?

You have been given a physical Bitcoin and you are Happy? You don't need to be Happy because Bitcoin is digital not physical. Maybe you have been given a Bitcoin inscription just like we have it with other cryptocurrencies. If you have Bitcoin inscription metal in a form of metal then you can always keep it in your house or show it to your friends so they can see how Bitcoin logo looks like. Bitcoin is a digital cryptocurrency that can be used a method of payment. You need to learn about Bitcoin so that you understand what Bitcoin is all about with is use case.