Brass Pencil by Japanese stationer Midori is a reinterpretation of the classic bullet pencil, a design that originated in the rural U.S. Midwest. When closed, the the solid brass pencil resembles a bullet casing (hence the name). The cap sits on top of the pencil when removed to create a full-size, balanced pencil.
The coolest aspect is how quickly the pencil shows signs of aging with tarnishing and brassing, giving it a well-worn appearance.
Available for $20 at Baum-Kuchen.