Also found on Saturday in the new field and it was quite shallow in the ground.
It looks as though there may have been a hole in the broken leg/stem part. I wondered if it might have been a part of a spur, but that seems unlikely as it's all one piece.
Thanks for the help with this, I'm still quite puzzled with it, but a pendant could be a real possibility. I wonder what the recess is on the reverse is for, could it be a casting mark?