Unused, New Made in West Germany in the 1970s, this is a pure silver 925S pendant top featuring the European traditional motif of a "running horse," crafted by the prestigious precious metal manufacturer Walther Dumbert of Porzheim, the city of silver. It comes with a matching pure silver 925S chain. The horse pendant measures 4 x 3 cm, and the pure silver chain is 60 cm long. As a long-time equestrian enthusiast, I purchased these as souvenirs during my many business trips to Europe. They are new and unused. I liked the lifelike horse motif and bought them, but I'm decluttering, so I'm selling them. When this item was made, the price of pure silver bullion was about ¥13/g, but now it's ¥208/g, a rise of about 16 times. This is because silver, which has good thermal conductivity, is in high demand for solar panels and other high-tech industrial products, and also due to speculative investment driven by political instability. In Japan, the value of silver as a precious metal has been excessively underestimated until now. This is a much higher increase than the approximately 10-fold increase in the price of pure gold. The price of silver products will continue to rise in the future.