This is one of the earliest American made glass Christmas ornaments, produced in the mid to late 1930s. It's shaped like a space capsule (the 1930s idea of one, at least), or a very Art Deco ribbed lantern shape. The ornament is not quite 2-1/2 inches high and has a cobalt blue finish. There are no chips or breaks but there is a little paint wear and some fading of the blue coloring, resulting in a shaded effect. The most worn side of the ornament is shown in the photo. The metal cap is marked Made in U.S. of A.