For your consideration is this large hand made horse pin. I had another one of these large felt pins a while back and a kind emailer that collects them said they were kits that were sold in the 1940s. The horse is deep black with sewed on sequins and beads. Nicely made with white beads clustered to depict an eye and center white spot on his face.
It measures 3 and 1/2 inches by 2 and 1/2 inches across the widest points.
It is in excellent condition with a fully functioning clasp.