Early 1930’s vintage small deco era brown real leather clutch handbag with a back hand strap.
By GemCo.
A few flaws see below.

It is a gathered pouch style with a swinging inner attached middle change purse that divides the bag.

The long top piece flips up to open the bag.

The inside is lined in fabric and it has the change purse plus a pocket.
It is marked GemCo on the brass frame.

9" x 6 1/2".

The sides of the top bar do not have leather on them, and they don't appear to ever had.

In sturdy condition with a few flaws.
The bottom back has a few tiny scuff marks.
The frame has faint areas of brass discoloration.

The back strap has been reattached/repaired. It is usable with care, but don't pull on it
It is in amazing condition for almost 100 years.

This item is sold from a vintage boutique in PA.