This 1952 Post's cereal premium was also given away by Meadow Gold Dairy and possibly others. Base is in brass with adjustable bands. One side has "HC" initials and opposite side displays his brand consisting of a bar with the numeral 20. Ring top has inset working compass while a three dimensional black cowboy hat fits over this tightly. Ring base has two tiny dots of tarnish off one side prong and tarnish is just a little thin along one of the upper edges but probably on the order of 95% remains. Paint on the hat is Mint.