I bought one today at the Farmers Stock Yard Auction and flea market (now just a Tuesday flea market) up in Lexington, NC for a dollar, Mine is the same, but lists Greensboro, GA. instead of Atlanta. I agree, Yet as one who has worked As a mechanic in a textile mill in the past before they all moved south of the border, I have never seen one like this, And I would add that a 500 to 700 pound textile bale uses metal straps, or plastic strapping, and weavers tended to use a curved cutting ring like knife where the curved blade sticks up above your finger, and out of the way, same as those used when tying tobacco when hanging. When I bought it, I was guessing about it's purpose too. Yet this thing includes some leverage applied against your straightened arm due to the longer handle and the extended tang inside of it. And the tip prevents damage to what ever you are slipping it under and cutting. Mine too is dull and serrated, So back to the guessing game. BTW, Our "Buck Horn" Jocky Lot is over in Durham, NC. Also a weekend flea market.
