This stepped tier sewing thread holder has 15 pegs for threads and a small drawer for needles, thimbles, scissors or extra spools.  It can be hung on the wall or used free standing.   It is a little deceptive as it looks almost antique.  However, because of the pressed board on a portion of the back and drawer bottom,  I believe it most likely dates from the 60s or 70s.  Included are 17 wood spools with various amounts of thread.  Condition is used but sturdy with typical surface wear.  There is one peg that (lower tier, far left side) that is shorter than the others.  Looks like it was broken and reglued.  Enlarge and look at all photos for more details on condition, design and size.  Please contact if additional information or photos are needed.