If we pencil collectors drank our own brand of milk, a picture of this one would be on the back of it, because it just looks like someone ought to know what it is and what family it belongs to:
The quality? Second tier. Mechanism? Typical Welsh-style. The clip is built into the cap, much the same as the Townsend, some Kritzlers and a host of unmarked pencils marked "Bavaria." What strikes me as something that sets this apart is the logo on the clip:
Is that "I P"?
This piece just looks like there should be a story behind it. If anyone knows what that story is, please clue me in!