The horse-in-horseshoe design has long been associated with good luck and prosperity.
What a happy and lucky charm to add to the ribbon and bow of a gift package! You might also decide to make a charm bracelet or charm necklace with several of these!
These vintage plastic charms are from the 1950s or 1960s.
The charm measures 1-5/16 inch high including the loop by 1-1/16 inch at its widest.