This is a brass tray, that has a wavy design that is usually referred to as engine turning, or engine turned. This is either a calling card tray or an ashtray.
Antique 1904 Set Of 12 London & North Western Railway Company Postcards
Antique Brass Steam Whistle Mounted on Base - Train Railway Boat - Money Box ?
5 old ID cards / service card / railway / railway company plant SEELZE 1950 - 51
Vintage 1953 Standard Railway Equipment Box Car Green Glass Tray Ashtray Old D3
Vintage Taff Vale Railway Company Small 17.2mm Brass Button by J. Compton & Sons
Model Railway Company etched brass 598 GWR number nameplate 4mm scale #5