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From my archeologist friend


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Looks like an axe. Kinda hard to know it’s origin without observing the context from where it was found. It doesn’t look like anything Native American that I have seen. It doesn’t appear to be a durable design so either ceremonial or someone’s art project. Given that the blade isn’t corroded to shite and that the wood handle is intact it is probably not very old unless it has been kept indoors for most of its existence.

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When someone wants to "age" a fake artifact so they can sell it as authentic, they often bury it for a short while, then dig it up. Maybe the person who buried it either forgot about it or passed away. Or it could have been kids doing kid stuff.