Vintage. 

U.S Coast Guard. 
'Donald Duck' Flat Cap / Hat. 
Made in the USA by Art Caps. 
Circa 1940/1950 (post WW2).

Condition: as the photos show the white fabric on the hat is well stained & the leather rim lining has broken down & caused the stitching to come away. 

Size: oddly I cannot see a size but please see measurements below. 
Measurement.
Diameter of cap opening: 7".