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Looks more likely to have been cast as opposed to carved.
I'm thinking along the same lines as bologna, possibly furniture hardware.
Did you find it in a residential or farm setting?
Dave
Dave it was at the site of an old settlement. Not much history but it appears to have been 4 or 5 houses here. We have found a fair amount of furniture hardware.
I'm guessing part of a sword guard.
Here is an 1821 US Infantry Officer's Sword:
View attachment 1787439
Not an exact match but you can see the possibility...