Any chance this is a buckle of some sort?

[VTSwinger]

This has been in my 50/50 pile for a while. Is this junk or is it something more. Any help/guess would be greatly appreciated. You all continue to impress me with your responses!

 

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[Jesse James]

Being a welder, it almost looks to me that it has been torch cut or plasma cut out by hand. And are those cut or broken welds on both ends? What type of metal is it?

 

[VTSwinger]

Being a welder, it almost looks to me that it has been torch cut or plasma cut out by hand. And are those cut or broken welds on both ends? What type of metal is it?

The ends look broken to me. Not sure about the metal, it's not magnetic, and heavy for its size.

 

[DCMatt]

This has been in my 50/50 pile for a while. Is this junk or is it something more. Any help/guess would be greatly appreciated. You all continue to impress me with your responses!

It's a broken stirrup.