I did a little research after I started to list this and found that it is a promo item given away by Gulf Oil in the 60's - your choice of Democratic donkey or Republican elephant.

It's about 3/4 inch square, and was found attached to this small Gulf logo card. The card is about one inch square and perforated all the way around. the card is discolored with age. Never worn, any wear & tear is from rattling around in a drawer all these years!

It looks like quite the conversation piece in any event! Goldtone metal.