Any Idea What This Is?

Cantstopdigging

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Hello Forum,

Does anyone Know what this item could be? IMG_0269.webp
 

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Some original thoughts I had was that this could be toy, automobile or bicycle related. There seems to be a great deal of engineering here, and the silver round part spins.
 

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Dang that looks familiar. Is that a "magnet" (silver) on one side?
 

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The part that spins could be a guide for material passing along the "whatzit", or the whole "whatzit" itself moving along something that it stationary.
Possibly a guide for attaching grommets or some other fastener to heavy fabric or leather?

I wonder if those two small holes on the top part are for attaching different dies?
 

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if it was straightened out,it looks like it could be a lid support,maybe for an old record player
 

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toe clip for a bike pedal
 

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Unclemac, you may have solved it. I will take it to my local bike shop. I found it in a city lot that was used as a common play area over the years. I have found auto parts, plumbing parts, and some really strange things there.
 

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Kinda think it might should be straight. Tony
 

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The roller bearing throws a wrench in the I.D.
 

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