Nice find Baggin! The wife collects those puppies. Many were salesman samples and some were part of kids doll sets. Here are a few of the wife's (next to a nickel).
Liked the photo, I found a "base" that fits the size of that iron, in perfect shape, very ornate, and of course thought it would go with a toy iron, but then I found that there were different size's of irons, one being a "collar" iron. Different sizes? Who would of thought. vpnavy had a good thought as well.
Those small irons are very nice. My detecting partner dug his first "collar iron" last Fall, after many years of digging regular sized ones. Congrats on a great relic.