This is a fun little brooch.
Most likely a tourist piece from the 1930s or 1940s it features a walking stick which has a Tyrolean hat fastened to the front and then a little cow bell attached to the hat. This piece was made in Germany as the little bell has the word Zugspitze, which is a mountain in Germany, pressed into it. The bell "rings" as you walk around - such a charming piece.
Length 2 1/4"
Width 1 1/4"
Very good, no damage, just minor wear.