Vintage Eagle Pencil

Unusual and uncommon vintage telescoping pointer and pencil combination signed "Eagle Pencil Co. New York, Patent Applied For." It is about 4 inches long, closed, and 10 1/2 inches fully extended. The pencil works, propel only (correct--made before repel), and telescoping is smooth with no slippage. It appears to be made of silver (or possibly silver fill or plate, as this was probably manufactured before marking of metal was required) with brass trim. Best I can measure, the lead is 1.4mm diameter. Nice piece.