I saw the definition online as “collectible cardboard tokens,” is that correct? Thank you!
Yep, that's right. In the old days kids used to save the cardboard caps off of milk bottles and play a game with them. Later, in the 90s, they became a fad toy/collectible, sold in blister packs, with art and characters on printed on them etc. The main brand was called POG. https://en.wikipedia.org/wiki/Milk_caps_(game)