What is this bullet shaped thing?

If it was regular iron, it would be very crusted with rust. Stainless steel maybe? Lead?

It's been put through electrolysis and cleaned up. It wasn't super rusty to begin with but had a fair layer of gunk on it.
Thanks!

Andy
 
I cleaned a lot of rust off of it. It was fairly crusty when I got it out of the ground.
 
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