This keychain is an item that was mis-sewn or a mistake.  I had a friend who worked as a sewer and she gave them to me.  It has been at many flea markets so the metal ring has been exposed to all kinds of weather and might have to be replaced due to some rusting.  I have had them since 2008 and didn't set them out as my inventory all the time.  Basically they are new never used.  

The keychain measures 3 15/16 inches long x 1 1/8 inches wide.  

I have two of these to offer … one has a stain in the leather which is why it was rejected … AND … the other one has a light staining on the tip of the leather which is why it was rejected.  When purchased I will sell the one with the stain on the back first … 2nd buyer will get the other one.

See photos as they are part of my descriptions.