A hand forged steel spring or butterfly bit.
This would have been clipped onto the rings of an existing bit to form an additional, very severe mouthpiece.
The spring side of the bit has a hinge, but this has seized and only allows a little movement.
The other side is flat with six holes in it. As the hinged side moves short spikes protrude through these holes to a greater or lesser degree.
Dimensions 14.2cm (5½") Long
Weight : 158g (5½oz)
Ref : bit898
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Price :£28.00 (+ £4.85 insured shipping within UK which should take 24-48 hours),
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-->Although antique it may be subject to VAT / customs in some EU countries
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