This is a very nicely carved  English knitting sheath. It is made from fruitwood with a good patina and colour. It probably originates from Middleton in Teesdale as a similar example is illustrated on page 26 of The Knitting Sheath by Peter Brears.
There is chip carving all over the sheath including double hearts and the initials A + P, so maybe it was a marriage token. It is dated 1802.
The sheath shows some signs of wear mainly around the tip, adding to its charm and history.
A real piece of Folk Art history.
It measures 18cm l x 1.5cm w x 1.5cm d.