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The phrase "a two-sided coin" is correct and usable in written English.
The phrase is used to illustrate two different and often opposing views of a situation, often with both positive and negative elements. For example, "The decision to start a business can be a two-sided coin - it can be extremely rewarding, yet could also carry a lot of risk."
Exact(15)
Plus, Canadian Finance Minister Jim Flaherty has emphasized that consumer protection is one side of a "two-sided" coin.
"It's a two-sided coin.
But damage is a two-sided coin.
Tackling antisocial behaviour is of course a two-sided coin.
Cashman called contract negotiations "a two-sided coin".
"The Olympics is definitely in my mind a two-sided coin," he said.
Similar(45)
The supervisor flipped the two-sided coin and Diamond called heads.
Capitalizing on that idea, a Minnesota company named the Washington Mint manufactured a two-sided "Bush-Gore Coin-Toss" medallion, which it sold for $29.95 a piece.
Make a two-sided mask.
"It's a double-sided coin for universities," explains Nick Hillman, director of the Higher Education Policy Institute.
But now the Portuguese are discovering that euro-membership is a double-sided coin.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com