Found this near a central mississippi civil war battlefield. The area also was a German pow camp in the forties.
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It looks like a 38 caliber wad cutter, which it preferred for target shooting, or for small arms qualifying for Air Force officer(s), I don't know about the other services. as it punches a clean hole in the target. It would punch a hole close to the diameter of a wooden pencil.
The indention in the center may of been caused by being struck by smaller caliber bullet.