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Dan's Whetstone Company Sharpening stone, measures 1" by 4" by 3/8" and comes in leather pouch, instructions/information included.
This is the "Soft Arkansas" stone, the most popular of the grades, used by woodcarvers, sportsmen, butchers, etc, those who desire a keen, polished edge on their knives and tools in a minimum of time.
It appears to be unused, see photos for detail.