This is a vintage Ohio Art spinning top that was never removed from its original bag. The metal top, with wooden handle, features a circus train theme. There is a conductor driving the train with animals in cages behind him.
It was made in the USA (#304) and I am guessing it is from the early 1960's. The bag shows minimal wear. There are no human-made holes, but there are a couple factory made ones. There is a slight dusty feeling to it, which is expected due to its age.
These are very difficult to find still in original packaging.