This one is a gold Sampson Mordan three stage telescopic pencil. Circa 1915 - 1920. Extended sections are pulled out from the pencil body with a continuous pull of the collar (opposite the ring). Procedure is reversed for storage. This pencil also features a perpetual calendar, customizable by a movable day of the week ring. Piece is 2 1/2 inches long when not in use and 5 1/2 inches long when used.