Yard-O-Lead Pencil in Sterling

Hallmarked Sterling Silver Yard-O-Led pencil. 4 5/8" long x .312" dia. The mechanism works, propelling standard .046" leads (1.1mm in Socialist units). This piece has Sterling & other hallmarks on the clip, the cap, and the body. The clip and cap have a lion strutting with his tail over his body. The cap is also inscribed with "Made in England" and "Patent 422767".The body of the pencil has "M & Co followed by an "M", the lion, and a square. The body is also engraved with the name "M. C. Brown." on the cartouche. The body is also covered with a Guilloché (engine turned) fish scale pattern. No dings or dents. Sterling REPRODUCTION pencils re-issued by Yard-O-Led are selling for $340!!