Delightful small chatelaine propelling pencil in sterling silver as marked.
Working mechanism with lead, hanging ring to top. Stamped Sterling Silver with a couple of indistinct marks before that, I am unable to read clearly.
Condition wise there is some damage to the top where it has been crushed causing a split and dent but only seen on close inspection.
Measures 3.25 inches long.
Charming piece, good luck.