Silver ornamental piece

[edlynne]

This piece is 2 inches round, it appears that another piece would hang below it.
Thanks

 

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[Icewing]

I could be wrong but I envision that being a part from a belt made from a repeating series of those discs.

 

[ctalmadg]

Could be from horse tack too

 

[The_Piratess]

Yes it is part of a belt.

 

[GopherDaGold]

Agree. Concho belt.