Goldtone metal in a ribbon swirl depicting a marching figural that I believe is a Drum Major / Marjorette. Or possibly a jester with a scepter? Although unsigned, the stylized motif, and quality mimic Trifari and Boucher pieces of the 1940's. Ruby Red Cabs and Clear chatons. Measures 2 1/4".
The photo of the back caught some odd reflections and give the finish a distorted look. It is not damaged nor severely worn. Ca., 1040's and is in very good condition.