This little Art Deco era pendant circa 1930 was most likely a fraternity pendant, though I don't know which one (I went to art school, we didn't have fraternities).  Made in gold-filled, it depicts a skull and crossbones with glass cabochon eyes and enameled symbols on the forehead.  

Measures 1 1/8" length including bail.  

Engraved "EFL" on reverse. 

In very good condition with minor wear to gold fill on reverse.

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