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Found in late 1800s School Yard - heavy with mgnet on one side

pinpointer

Tenderfoot
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Found in late 1800's School Yard - heavy with mgnet on one side

Very heavy. Next to penny. hole in one side all the way thru. Magnet on the rounded side.
 

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I wonder if it's the head of one of those magnetic fishing tool, a mechanic uses for picking up dropped nuts and bolts inside a engine compartment.

SS
 
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I was thinking along the same lines, as well as perhaps a socket insert (for a deep socket) to hold a nut or bolt in it while working in tight spots.I can see markings on the hex part of it, and can make out a few numbers and letters (46 and N.Y.). A bit of cleaning and close up picture would answer it pretty quick.
 
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Dang it! I saw one of those recently, just can't remember where. Seems like it was part of a machinist's tool set.
I'll post if I remember...:dontknow:
 
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I think it is an advertising piece that was given away by a scrap yard.

The magnets given away today feature a plastic body and are almost identical to the one in your picture. My local scrapyard gives these out, and have offered me one on many occasions.

If you clean the magnet body up, I bet that it has a business name on the side.

The hole in the body of this magnet is for use on a key chain.
 
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That advertising specialty magnet is not that old...I would be stunned if it dated back to the 1950's.
 
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