Can you identify this?

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Tenderfoot
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My friend and I went out MD'ing where we know a blacksmith used to have his shop back in the 1850-60's. It was a big hassle because we kept finding little pieces of scrap metal everywhere. I figured it might be "hot slag" as I called it from his forge. However, I did find this about 8 inches or so down. Looks like a weight of some sort. Our best GUESS so far is a type of fishing weight with a little fin to keep it from twisting as it gets pulled along the bottom??? Also in this yard I found a 1920 s Wheat penny!!!!! So, can anyone tell me what this weight could have been used for? You can see it's cracked up near the hole!! What on earth could have caused that.. surely if it cracked when he made it he would have re-used the lead. Here's the pic.
 

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gypsyheart said:
I think its a snagless weight for a duck or goose decoy

yup yup looks like that 2 me also.
the eye for the line is a dead giveaway.
 

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