Peg tankard

an ancient tankard marked with pegs, so as divide the liquor into equal portions.

See also: Peg

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
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The star of the show was a Norwegian late 17th/18th century silver peg tankard, cylindrical with chased sprays, the shallow domed cover with flat centre engraved with contemporary armorials and couchant lion, claw and ball feet, later inscription and date (1927 to underside), which sold for PS8,300.
A Norwegian silver peg tankard from c.1680 is expected to sell for pounds 10,000 to pounds 15,000, while an American silver bleeding bowl from 1780 is estimated at pounds 2,000 to pounds 3,000.