This is a vintage 1940 signed Mexican sombrero/cowboy hat ashtray, sold as a souvenir.
Overall it measures 2 1/2 inches high x 6 1/4 inches wide (6.3 cm x 15.9 cm).
I am sensing this is made of clay which was then painted.
It is signed on the bottom:
Souvenir from Olivera St
Los Angeles.
1940
To Pane ?Cina.
It is marked with an indentation MADE IN MEXICO.
I believe the small curved piece on top was used to hold match sticks. I can’t be sure though.
You can see that this was used, as there are dark stains at the bottom. There is scattered paint loss to the ashtray. It has what I will call general age related wear to it. There are no chips or cracks though.
It weighs 11 ounces (310 g).