We originally thought that these two tags would layer.  Technically, they do, but the holes don't match so we now think that the intent was to use the tags separately.   We think it looks cuter if you layer it like we did and repunch the holes.

How cute would these tags be on a card, scrapbook or die cut box?

The smaller tag is 3.375" wide x .75" tall.  The larger tag is approx 3.625" wide x.875" tall.