Antique Spinning Wood & Metal Spindle Sewing Tool 1800's Manufacturing Toolhold

Description

Do you know what this is?? I am not sure, but have done research and the closest thing I can find is an antique spindle from a spinning wheel or a part from an old farm tool. Someone said it was a buggy whip rest. If you recognize it, please let me know. The spindle measures 13 inches long with a sharp pointed metal tip. There is a flat wooden spool center and a ribbed spool beneath. Clearly, there was yarn or a belt of some kind running between and below the spindles as the metal is worn smooth and shiny. Thanks for having a look at my items. Combined shipping offered . Packed with care to ensure safe delivery.