Effect:
A paper is folded around a coin in such a way that it appears that the coin is completely surrounded by the paper.
The magician holds the paper by an upper corner with the thumb and index finger of one hand, and snaps it with a finger from the other hand. The coin flies free of the paper.
See the video for the method.
Credit: I have adapted this trick from "The Coin Fold" in Mark Wilson's book Mark Wilson's Complete Course in Magic. As far as I know, I changed the method of folding the paper and added the punched holes in the paper as well as snapping the paper to make the coin fly out.