Cherry Cuddler on a Rocking Horse Miniature Figurine
The figurine has a few paint rubs and there's a chip in the green leaf on her hat, as shown in the photos.
The back of the ornament is marked "AGC 1982."
Height: 2 inches (5.1 cm)
Length: 1 3/8 inches (3.5 cm)
Width: 3/4 inch (1.9 cm)