Okay...figured out from replies that this is a spare tire bolt on frame bracket....now can anyone tell me where it goes? Please see attached pic...
Spare tire bolt on frame bracket
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Re: Spare tire bolt on frame bracket
It mounts to a tab on the rear frame crossmember using IIRC a 1/4-20 bolt, LW, PW & nut. There will be a hole in the body shaped like a donut to line it up. Remove that big bolt from it as it's not used, probably to protect the threads when blasting. The spare tire cover board uses a long bolt which passes through the cover, the spare tire, the jack, then threads into that bracket pictured. There should also be a rubber donut mounted between that bracket and the body.
It should be shown in your AIM. Maybe the trunk section.
EDIT.....
It's in Section 10, Wheel & Tires.
1957 AIM below but same thing on yours.....
Trunk.jpg- Top
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