Whenever I help people ID an unknown item, one of my first questions to myself is, 'is it logical that item X is used for X?' In other words, does it make sense.
It doesn't make sense to me that the Great Seal of the United States is lopsided. In my first post, I asked, 'How about looking inside the small hole on the back to see if there is a screw or rivet holding the eagle onto the base. I think the eagle is supposed to be straight and not at a slant, and perhaps it got knocked crooked.' Actually I think it would be disrespectful to the Great Seal to be crooked. Would any branch of the military allow it to be worn lopsided? Granted, it was probably not an item issued by the government, but I would think back during WWII era, there would still be a respect and etiquette for the Great Seal as there is respect and etiquette for the U.S. Flag.
It also doesn't make sense to me that it is a sweetheart/ladies bracelet because it's too bulky; it doesn't look feminine. The height and unevenness of the Great Seal would pick/hang on clothing, especially sweaters and wool jackets. The cut-outs on the side would catch on clothing.
Blauser said, 'it would fit on a petite wrist,' and the CBGuy gave us the correct diameter, but that doesn't necessarily mean it is supposed to fit on a wrist.
I think we would benefit to see more photos at different angles, and it would be good to have a pic of it on a ladies wrist.
Also, it doesn't make sense to me that if it is a bracelet, why is it marked MADE IN THE U.S.A. instead of having a maker's mark? I was able to find one company that marked their jewelry, 'MADE IN THE U.S.A., but it also had a maker's mark. Hopefully someone will be able to find a jewelry company with the Made in the U.S.A. without a maker's mark.
Lastly, this section of TNet is all about helping to correctly ID items. We throw out ideas and theories. Sometimes we're right and sometimes we're wrong, but every idea could help lead someone to correctly ID the item; often it takes a 'Village.'
Hopefully we can find some photo or script to prove it is a bracelet or something else.

Breezie