This is a small metal bank, sculpted in Scrappy’s image and clearly based on the classic Scrappy stock drawing. It’s only a rough approximation, though: Whoever made it appears to have believed that Scrappy was born without arms or legs.
In real life, it’s rather imposing for its size — it’s the closest idea we’ll probably ever get of what a Scrappy statue would look like. And you can’t tell it from this photo, but it’s blue except for Scrappy’s eyes and tongue, of which have been painted red.
As with so much Scrappy stuff, this item is mysterious: I don’t know a thing about it. The one in my possession is the only one I’ve seen.