8” long tin litho with built-in key. 1950s by Hitachi, Japan. Neat design depicts 3 horses in different colors with jockeys in different colored outfits and numbers. Track base reads “Horse Race Derby” and attached at right is bell featuring horses atop scoreboard with read-out for this race. Base of the toy is designed with wheels and entire toy moves forward when wound as the individual horses move as if racing and bell also rings. Works. Tiny scattered paint nicks. Glossy and VF.