The item is a US Military M1949 wrist compass with a strap and original box. It is an original piece made in the USA, specifically from the Korean War era. The wrist compass was likely used as a navigational tool by military personnel during this period. This collectible piece of militaria showcases a significant historical artifact from the United States' involvement in the Korean War.
Box is mostly intact with showing some damage and age. Compass and strap with buckle are in excellent condition doesn't show signs of use. Compass was used by both airmen and ground troops and strap is large enough to fit arm while wearing a jacket or pant leg.