This is a great sterling silver pincushion that has a ring of flower buds repoussed in the silver a ring around the pincushion along with some very decorative piercings in the silver. These voids left from the piercings provide the space for "sticking the pins" into this pincushion. The pincushion is covered in a dark blue velvet. The top of the pincushion has a sterling six sided nob for picking up the pincushion. This pincushion may be used for either stick pins or hat pins and would make a for great display of such a collection. I guess that it could even be used for sewing/straight pins.
The only mark that I have found on this is a simple "STERLING" mark. The last owner of this pincushion did have the velvet replaced as it was well worn and disintegrating. They said that they matched the original color perfectly. That work was expertly done and still much "like new". The silver portion of this pincushion is of course vintage/antique and does show signs of its age, and it is is in very good vintage condition. The silver portion is removable from the velvet cushion part for easier polishing and to keep the velvet clean of polish.
The pincushion is approximately 3 1/8" in diameter and about 2 1/2" tall to the top of the nob.