1.25" showing generic cowboy on rearing horse, a design used on numerous rodeo souvenir buttons of the era. However, most likely The Lone Ranger was making an appearance so some enterprising vendor created this button by taking the generic design and adding at the bottom a bright red star with red text "Lone Ranger." Reverse metal collet has a little oxidation with some tiny brown dots on the celluloid next to it but the front of the piece is totally clean and displays Mint. One of only 3 we've seen. Rare.