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Pot metal (an inexpensive alloy) with a copper or bronze-toned finish (often called copper flashed).
Era: Mid-20th century, specifically the 1940s through the 1960s
Apparently, these were frequently given as prizes at mid-century carnivals, amusement parks, or agricultural fairs in the United States.
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![Vintage 1940s–60s Copper-Flashed Pot Metal Horse Figurine 4\](img-large/g/hYUAAeSwgVxqsr0A/s-l1600/Vintage-1940s-60s-Copper-Flashed-Pot-Metal-Horse-F.jpg "Vintage 1940s–60s Copper-Flashed Pot Metal Horse Figurine 4\")
