...for the natives, these axes were the first introduction to iron. What a difference it must have been after hewing at wood with stone axes. Many of these axes are found with the face pounded blunt. It was common to use an axe until it was uselessly blunt and then trade for a new one.
Up until the turn of the century, these were a fairly common find in New York, often plowed up in the fields. Iron being a precious commodity at the time, many of them went to the blacksmiths to be furnished into new impliments.
A number of these axes have been found along the old fur trade routes, for example recently on the Ottawa River in Ontario, where a cache of axes still packed in boxes was found by scuba divers under a set of rapids where it is likely a trade canoe capsized.
A few years ago, I found one along the river, also about 10" down. A second one, a friend had in his garage for years, found by his aunt in the 60's--I traded an old detector for that one. A third one, I spied on a table in a box of old tools at an antique show at the local mall-- $20 for an old rusted axe head, the guy probably thought I was out of my tree.
Nobody's entirely sure, but from old French colonial records, they figure there were several hundred thousand of these axes traded. You'd think there'd still be one or two still lying around somewhere, eh? Sure makes a fellow think twice about walking past those deep "soda can" signals.
A link here to a post from a couple years ago about these axes:
http://www.findmall.com/read.php?20,345412,345412#msg-345412