Hi Bronco... I don't think this object was something to hold a candle, its made too good (appears to be casted) and has a design on it, not just lines or nothing at all. The objects from Relicdude and myself are made from thin metal, with hardly any design on them. They are very cheaply and simply made. I think also this could be a tip from a flag pole, small one of course. The hole could be for screwing it onto the pole. And especially to see that some remains of wood remain makes the idea sound correct.
There are candle holders where a small hole is created just in about the same place however so that after a candle is burnt down to a stub you can insert a nail to get the rest of the candle out..
Nice find!