A high copper content (70%) Waterford Pelham. A comfortable bit due to there being a good inch of smooth mouthpiece before the multi links start. The mouthpiece is designed to lie in a curve, thus giving the concept of a continuous rein.Due to this the mouthpiece is constructed slightly oversized, so that it forms this curve when fitted.

Although these bits are of  a high copper content there is a small amount of Nickel added to give the stainless steel appearance.