This is a RARE, vintage 1981 Wallace Silversmiths Candy Cane ornament with its original Wallace Silversmiths gold velvety pouch and striped gold and white box. Measures about 4.75" long by 1.25" wide on the top and 3/8 wide on the candy cane stem.
This was the first one in the series. Vibrant colors on the enamel. Some minor enamel wear and small area of wear on the upper side. See pictures for details and condition. I have 2 available in my shop.