Stiletto would be my best guess also. Lace bobbin it isn't.
Check out the following auction also on Ebay:
Item # 2560687284, or
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItemitem=2560687284category=39445
I think it's actually on Ebay.com, but was in the UK Ebay when I found it.
Vintage
This certainly isn't a lace bobbin - there's nowhere to wind the thread. I
don't think it's a stilleto because the point's rather short and the taper's
a bit steep. Thought there might be a stanhope (magnifying glass with tiny
pictures of scenes of a town or village) in the blunt end, but the
I think it's a stiletto. Take a look at this stiletto:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItemitem=3241092100
the point is about the same size and shape.
About the hole in the end - possibly for threading a ribbon through, to
help you keep track of your stiletto? Maybe it went on a
