I have no Idea what this is but unique in so many ways I decided to post and see what happens. It is hand carved and says MEXICO on the top that looks like a door Knob. At the bottom it has a hole through it and 3 lines carved in the bottom.
Here is a little info from Elsie a Mexican drop spindle, used to spin yarn from sheep or alpaca fleece. Drop spindles have been used for thousands of years by people all over the world, long before the spinning wheel was invented!!
Thanks to Native Bliss possible wool spindle or yarn tool
Measures about 11 1/2" long and a little over 2" across the knob.