Thanks for confirming it's not a "left-handed" lockplate. Still a very cool find, because it's not missing its working parts. That will help us deduce its specific ID, after cleaning.
Here's the Zinc-&-Lye Bath materials-list and instructions for rust-encrustation removal:
1- Several ZINC (not aluminum) sheetmetal screw-on lids from old Mason or Ball glass canning jars. (Diggers often find those lids around old house-sites.)
2- CRYSTALLINE (not liquid) Lye drain-opener. I prefer Lewis' Red Devil Lye brand. Buy the crystalline form, because it is 100% pure lye, and you don't know what other chemicals might be in liquids like the Liquid Plumber brand.
3- a shallow PLASTIC container, wide enough to hold the relic and several lids, just deep enough to submerge the relic and lids.
4- Water.
5- Waterproof plastic gloves (such as Playtex gloves), to protect your hands from the very-caustic lye and water mixture.
The "bath" consists of a mixture of water and lye in a 10-to-1 ratio, meaning ten parts water to one part lye. For example, in a 16-ounce glass measuring cup, fill the cup with the lye crystals to the 1-ounce line, then add 10 ounces of water. Then IMMEDIATELY stir the water, GENTLY, to completely dissolve the lye. Be very careful not to splash any of the lye-water, because it is extremely caustic. Most especially, do not get any into your eyes. Remember, lye is sold to dissolve grease and hair clogs in sink drains. You might want to wear eye-protection. If any of the lye-water gets onto your skin, wash it off immediately. It won't burn your skin in 30 seconds, but you do want to wash it off right away. And of course, make sure no kids or pets can get access to the Zinc-&-Lye bath.
If the zinc lids still have the white-glass disc in them, carefully use a hammer to break up and remove all of the glass.
Scrub as much dirt off of the iron relic as possible, under running water. Don't do that in your sink, because the dirt will clog the drain -- do it outside, using a gardenhose or in a waterbucket.
Put your iron lockplate into the container, laying across the rim of a zinc lid. Put another zinc lid on top of the lockplate. Carefully pour (no splashing) enough lye-&-water into the container to submerge the lockplate and zinc lids. Let about 36-to-48 hours pass. By that time, the rust crust will be falling off the lockplate. Put on the plastic gloves and remove the lockplate from the lye-&-water bath, put it in a plastic bowl and rinse it thoroughly under running water, using a toothbrush to scrub any remaining rust-crust off the lockplate. You'll probably need to do some additional "picking" at any stubborn rust-crust with a tool like a nutpick or small screwdriver. When you've removed all the rust-crust, rinse the lockplate thoroughly again, then PAT it completely dry with a towel. Let it air-dry for 24 hours. Then apply three coats of "satin-finish" (low-gloss) Polyurethane sealant.
I prefer MinWax brand "Fast-drying Polyurethane" satin-finish formula, in a spraycan. (But you can use the paint-on version of Polyurethane if you prefer it.) Wal-Mart sells the MinWax spraycans for about $7.
To do Zinc-&-Lye Bath rustcrust-removal on larger objects, like a pistol or an artillery shell, you'll need about 6 to 10 zinc lids, depending on the size of the object you are cleaning.
You can re-use the lye-&-water mixture at least once. The zinc lids can be re-used several times, until they eventually "dissolve."
Any questions?