This rare antique glass Christmas ornament from Germany is known as Indian Head On A Pine Cone. It's a little over 3-1/2 inches high and is in fabulous condition for its age. Note the very dark, almost perfect face paint and the exceptional molded detail.
The top and lower sides are tinted pink, the pinecone back has green tinting over the pine boughs draping down the center. I don't see any peeling or flaking of the reddish-brown face paint at all. The right hand painted eye has a couple of tiny craze lines, barely visible. There is of course no damage.
A less exceptional version of this ornament can be seen in the book Christmas Rarities, A Pictorial Collection of Rare Antique German Glass Christmas Ornaments by John Lightner. I promise you, this example is far nicer than the book piece.