I think it is a toy. Pressed wood with varnish wouldn't be out of place for a toy at that time.
Movie props are rubber now, but 110 years ago they likely were not. Watch a few silents and you will notice many were not any better than common stage props.
The films of the Maine exploding in 1988 were supposedly mostly shot with crudely carved blocks of wood in bathtubs, although I don't think any actual footage survives today.