You see a broken key ring.
It weighs 0.50 oz.
Notes
Broken Key Rings and Jewelled Backpacks were used to replace Key Rings when CipSoft decided to remove the Key Rings due to them being used as a replacement for the heavy Backpacks. These and the Key Rings' contents then came inside of Jewelled Backpacks when the Key Ring was changed into this non-container item. It can be sold to NPCs and as with other creature products, it has among the highest gold-to-oz ratio of all items.