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It's not actually magnetic. There are remnants of something on the blade in an Old English typeface, but there isn't enough of it left to make it out. So I guess I'll go with Walt's "flotsam" theory....

My GF picked up this little 9/16 hollow for almost nothing at an antique shop while on a road trip (I've got her well trained, hehe). What do you make of it? There are no markings on the tang,...