The item appears to be a vintage porcelain souvenir pipe dish and ashtray featuring a painted image of the Horseshoe Falls in Niagara Falls, New York, accented with gold gilt trim. 

The estimated value for this vintage German-made Niagara Falls souvenir pipe ashtray is typically between $10 and $25.

Value Breakdown

• Market Value: Most similar vintage German porcelain travel souvenirs, dishes, and specialized pipe rests sell in the $10 to $20 range on platforms like eBay and Etsy. An identical Niagara Falls "made in Germany" porcelain pipe dish listed previously on Etsy was valued right around $15. 

• Condition Factors: The value is highly dependent on condition. The heavy gold gilt trim on these 20th-century pieces often rubs away or fades from handling and washing. If yours has intact gold leaf and no chips or cracks along the scalloped edge, it will sit toward the higher end of the estimate