2-1/8" beautifully designed quite thin enamel on sterling silver depiction of a clown holding blue banner at his midsection carrying the promotional text. His head is on a tiny pin which allows it to move left and right. The tiny bar pin is on the back of the head so if the piece were worn the head would stay stationary while the body would move slightly as the person wearing the pin moves. Back of the piece also reads "White Bros. New Orleans." Early 1900s. Rare.