[Bill M]

I agree with Alan.

There is another twist here. The ferrule next to the spear head appears to be a good quality silver. However the ferrule holding the loop looks to be brass and does not match the silver ferrule in material, design or quality.

Could this have been added later?

For what it is worth, the end with the loop is horn.

I had quite a cleaning job to do on this piece. The ferrule and spear head were soaked with yellow coating, perhaps shellac? I was pleasantly surprised by the silver.