This is a small 20th Century nickel bit.
It is a ring bit with a straight bar mouth.
Such bits are used to lead strong horses, stallions and those with a tendency to rear.
The Chifney was patented in 1805 by the jockey Samuel Chifney Snr.
Dimensions of bit : Mouthpiece 8.5cm (3¾"),
Weight 266g (9½ oz)
Ref : bit855
Price :£8.00 (+ £4.85 insured shipping within UK which should take 24-48 hours),
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Although vintage it may be subject to VAT / customs in some EU countries