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Strange antique device

Description

 The handle part is the size of a quarter (held like a pair of scissors.  It is opened as far as it will go.  The metal is a soft metal, and is not magnetic, however, the spikes are as well as the hinge that holds it together.  I do not know what this is and was found 22 years ago when my fiancee was a boy, inside of a river in the mud.  Appears that there is little to no damage, and the patent number is almost completely visible.  It is also dangerously sharp. Any ideas?  What is it's worth?

Category Metalware
Medium soft metal
Distinguishing marks very sharp points; patent date JAN 4, 87
Condition Good
Size and dimensions of this item 4 1/2" to 5" in length
Date Period Jan 4, 1887
Weight a few ounces
History It was found in a river 22 years ago
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