This 1938 brass ring with adjustable bands came from radio program sponsor Pepsodent in 1938. Top has very high relief leopard head and the ring bands have geometric designs with a small triangular cut-out on each side where they meet the top. Ring originally had thin layer of silver luster but this is nearly all evaporated as occurs on nearly all examples. About our sixth example and we've only seen one that still had most silvering intact. VF. Our last back in Auction #188 exceeded $450.00.