I hunted an old house that has not been lived in since the 1950's. I just had about an hour to hunt but found some nice wheats and a great looking 56 rosie. The ground is sandy and there was hardly any corrosion at all. The "thing" looks like it is silver plated and has a ring on the back. The only thing I can think of is an old napkin ring, but it is really heavy for it's size. I really like the LTD and can't wait to get back to this old house and find some more stuff.