The George Johnson book, Pictorial Guide to Christmas Ornaments, calls this silvered glass Christmas ornament "Begging Dog With a Basket". It's from 1970s West Germany and is 5 inches high, just like the one pictured in the book. I found the original German 1930s ornament from which this one was molded in Lightner's Christmas Rarities book, called "Begging Dog With a Purse in Its Mouth". Surprisingly, the original antique ornament books for $150 to $175, while Johnson values the 1970s remake higher at $175 to $200.
The dog is decorated in yellow-gold with red and green and a little white mica glitter trim. It's in excellent condition with no damage, paint wear, or silvering loss. The metal cap is marked West Germany.