For centuries, splice neck joints were the territory of wood head clubs, and wood head clubs only.  That ended in 1910 when Frank Murray received a British patent for his splice neck iron, which now stands as the only iron head made with a splice neck joint in the history of the game.

The Murry splice neck iron offered here is a 35-inch-long putter in overall great condition, complete with its original grip. This is the very putter pictured in The Clubmaker's Art second edition, volume 1 page 180.

In the accompanying images the viewer can see the tip of the shaft low on the back side of the hosel, and the tip of the hosel well up on the back side of the shaft.  According to the patent, the hosel was made with a series of serrations in order to help the glue bind the head to the shaft. 

The shaft is original to this club, but the neck whipping is not. The existing whipping has been installed in three sections to highlight the splice joint.  Because Murray irons are the only irons that possess a splice joint, the ability to see the joint is a good thing!

TCA2 v1 p 180-181