Any ideas? Basement find..

[BadAdze]

I have thought about this one for a long time, leaning towards it possibly being used to assist in weighing objects and such.
The ring comes loose when u squeeze it together and back.. Maybe to put a strap in, then pointed end goes in with something like a cotter key... 7 1/4 in.from ring to the bend. 4in.from the point to the top squeeze bar.
Told ya i've been thinking for a while...

 

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[TimC]

I like your avatar, Iratepirate, but the result of the mugging will have to be guessed.

 

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[d2]

Charlie P. mentioned it being used to dye yarn and such, could it have been used to hang candles over while they were hardening? I have seen where candles were being made and they would make two candles on one wick, one on each end and hang them up to harden. Me thinks Charlie P. is on the right track...d2

 

[BadAdze]

Still no word from the blacksmith.