I have seen this sort of pipe for sale in "antique" shops in Asia. Not likely to be really old I don't think, although when asked the general reply is something along the lines of "Oh yes velly old, velly rare! Give you good price!" The style though, is certainly like the originals portrayed in old photos of Chinese gentlemen.
In a similar vein, I have 2 Opium pipes from the north of Thailand which both have a concealed dagger, which I suggest was not just there for show!
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