I believe this was a service award or something similar. Very cool old gold plated railroad spike. Has a swivel base pen with a crack in the gold swivel holder. Swivel ball still works fine and is secure. Naturally distressed through the yrs. with portions of the gold plating worn away. Also has some great looking blue patina in areas. Pen does not write. Just a great rustic railroad collectible. Would make a nice display piece or used as a desk paperweight. Measures 6" in length