Garcia Horseshoe Key Holder & Key Ring Set Spring-loaded, no issues with the mechanism (the spring broke and was replaced around the 13th year). It's difficult to see in the photos, but there's a slight distortion from years of daily use (about 15 years) (see photo 5). The last two photos show how I used it, but keys and other keychains are not included. I've used this for many years and have grown fond of it, so the price is set a bit high, but I'm willing to adjust it somewhat. If you're interested, please comment. Horseshoe Key Holder: ¥47,300 Key Ring: ¥14,850 The round center part, customized at Garcia, was around ¥5,000, I believe.