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Really old crude ring or what?

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LostinGeorgia

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Found about 10 inches deep in my oldest homesite. Rings a solid 16 on my Nokta legend. Will clean it up some more when I get home but seems to have a gold wash on it. If ring would be about size 7. Good luck everybody.
 

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Nope, sealing ring like what is used on an oil drain plug.
 
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Pewter USA Buttons Civil War Volunteers Hat Badge?? and NC Sunburst Button My Greastest Find EVER!!! Pewter USA Buttons AHABS WHITE WHALE: 1652 PINE TREE & 1664 COB

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