I did a little more research . . .
It is a Model T Magnito magnet.
https://www.worthpoint.com/worthopedia/lot-16-antique-vintage-shaped-2014381801
“These are about 4 " inches long, ¾ inch wide and 7/16 inch thick. These were “V” shaped so a number of them could be placed together North pole to South pole until they formed circle which made the main component in a magneto found in antique Model T Fords. 11 are stamped FORD & 5 others have no markings. Over time these lose their magnetic pull as have THESE. They are not magnetic. They usually have to be rejuvenated until they are capable of picking up a 2 pound weight before they are again usable . There are several ways to make their magnetic pull stronger and these are discussed on various web sites. will need cleaning. demagnetized”
EDIT: More info . . .
If anyone is interested in the history of this magneto part. . .
Apparently my Mother-in-Law’s mother was a seamstress in Aleppo, Syria circa 1940. She somehow acquired this part to pick up needles and pins that fell to the floor. It appears to be in good condition, which isn’t a surprise because in 1940 it would have only been 20 years old.