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Date wise, stylistically it looks to date to WWI.
As Tony already mentioned, it appears to originally have attached to a piece of wood.
If you knew the background history of the site where you found it, you could likely narrow down at least how it came to be lost there.
Dave
Goggle is not my friend today...
Anyway I'm left with only wild guessing.
You could look into (but Google might not help) Remount coyboys.
It could be a tag off a saddle. (?)
I met one of the last of them. What tales he told!
I don't know if they were allowed to keep their saddles when the group was disbanded.
If they were they would have traveled. But there was a station in Texas. (?)
https://en.wikipedia.org/wiki/United_States_Army_Remount_Service