What is this metal thing? Looks like a lead fishing weight but it's magnetic.. is it just a steel fishing weight? : r/whatisthisthing

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I went out magnet fishing and caught this thing. It is insanely heavy (it takes 2 hands to lift it) does anyone know what it could be?? It's by far the heaviest

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Found on a beach in the BVI. It looks like a large caliber bullet or a fishing weight, but feels light. About 1.5 inches tall : r/whatisthisthing

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What is this metal thing? Looks like a lead fishing weight but it's magnetic.. is it just a steel fishing weight? : r/whatisthisthing