Looks like a hem weight. The extra top hole is interesting. They were sewn into the bottom of women's dresses and coats of both genders to also include hanging curtains. They are usually lead or ceramic and numbered as well. I have dug many from detecting.
This is an old post that the OP never replied to. Bobby might want to just delete the whole thread. Just thinking,if it was not lead it could be nothing more than a common button. John1
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