Vintage large leather purse, quite large, and possibly intended as a unisex stationery wallet (to hold a notepad or letters) rather than necessarily as a ladies' clutch bag.
Stud fastening. Measures 7" x 5" (18 x 13 cm) approx, when closed.  

Condition: Vintage leather purse, scuffed and with some marks and creases, especially on the lining, but still in usable condition.  The lining has started to break away from the edges inside, as shown.  The brown paint on the stud fasteners has largely rubbed off.