
Looks like an old soldering tip. Seen them with different ways to attach them to handles. Used big ones like that in shop class making metal scoops. (Many, many moons ago in Junior High. Couldn't have open flames to braze or solder. Had to use big irons) Also possibly from an old "Iron" that had to be heated by another source.View attachment 1001309
Soldering tip on a wood handle? Why not.