The distinction is who receives one. A recognition coin says thank you — it marks tenure, effort, and milestones like an anniversary or a promotion, and everyone who reaches the milestone gets one.
An award coin says you earned it. It marks achievement measured against others: contest winners, top performers, the best number on the board that quarter. Not everyone gets one, which is the point. Both use the same coin options — the difference is the program and the language on the coin.
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