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agree it part of a harness and bridle
Thank you for your detailed response. Any idea of the age of the ax head? I actually found another one right next to this one.The axe head has the shape of a carpenter's roughing hatchet. Further evidence is that It appears to have an edge sharpened like a chisel with one bevel rather than an axe's two bevels for an edge. I have one similar, and it is a "Plumb". Yours may have a manufacturer's label stamped on the side of the blade under the rust.