Vintage ceramic piece by Treasure Craft, souvenir from the state of Texas.

Shaped like a sombrero with a high point in the middle. Labeled Texas down on the bottom.

Presumable intended as an ashtray, but could be used as a ring holder or trinket dish as well. 

Measures 5.25" (13.34 cm) across 

2.5" (6.35 cm) high at the point

No chips or broken pieces. Wear from age and storage.  Glaze inside the hole on the bottom has a crack in it, only seems to affect the paint and not the ceramic. Please see photos for exact condition.