This was a spare anchor, kept in the back locker, for my 40 ft boat. Think. what you might use, out back, to secure yourself while you release a main anchor that has been hung up on something. For a smaller boat, perfect as a main anchor!
These cost a lot, but not for you. Yes, junk brands are cheaper, but you this is already 50 years old and just needs a light cleaning. Think about that, this is already 50 years old and could look brand new, with YOU! Everything must go! I have bigger anchors, but not now. This is the top of my pile and it should be yours!