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MONOTYPE metal arrowhead

Captain Caveman

Captain Caveman

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Location
Madison, MS
Detector(s) used
Fisher F75SE, F44, F2 and CZ-20. Minelab E-TRAC and Go-Find 60. Tesoro Tejon. BH Quick Silver.
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I found this at a house built in 1850. It's shaped like an arrowhead, has the word MONOTYPE engraved in it and has a hole in the top. Does anyone have any ideas on what this could be?

20160304 Unknown.webp
 
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looks more like a fishing sinker, or some type of weight.
Never seen one that says mono type.
the word monotype does make me think monofilament.
 
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Plumb bob, carpentry tool for determining true vertical lines. Used with a string or cord and allowed to hang vertically.
 
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