In a non laminated core like a bolt or a rod, the core itself conducts eddy currents and that's rather like having a shorted secondary. So it's a long way from an ideal inductor.
If you guys have oscilloscopes handy , display primary
current and secondary
voltage together , in chop mode so you get a true picture of phase..
In an inductor, current and flux should be in phase, voltage and flux 90 degrees out of phase (dsin wt = wcoswt, that's 90 degree shift) .
So
IF:
you see other than 90 degrees between primary current and flux as measured by an unloaded coil linking same flux,
THEN
there's another current flowing that affects your flux field.
That's your eddy currents.
Try it both with and without a core, i wager you'll see 90 degrees air core and something less iron core. That's because the iron core let's eddy current flow and that changes the flux.
Next, if you have a function generator, try same experiment with a triangle wave current. I don;t know what to suggest for a half amp triangle wave source, maybe an audio amp ?
Since voltage is d(flux)/d(time), voltage wave should resemble derivative of current wave.
Triangle wave current should give square wave voltage.
Here's some 'scope photos i took in 1992
in all three,
Top trace is current approximately 20 ma p-p through a 12 foot long coil with an iron rod maybe 2½ inches diameter for core.
Bottom trace is voltage induced in another winding surrounding same core.
First photo is at low frequency of 3 hz
you see that triangle wave current gives approximate square wave voltage, as expected. Rounded corners of square wave are eddy currents reversing as the iron magnetizes from outside in. That's called "Retardation of magnetization" in my 1901 textbook.
Center photo is at ten hz, you can see we don't have time for square wave to flatten out.
Last photo is at 60 hz. That particular steel rod made a poor transformer core for 60 hz operation.
Above 400 hz the coil didn't even notice the core being inserted .
I don't know how the analyzer calculates L and R .
L is proportional to flux per amp, does it allow for the amps from eddy currents? That was one mistake i made in '92 doing the calculations longhand.
Electrician- try heating your bolt with a hair dryer and see if it changes the readings? Eddy currents go down as temperature goes up, so it should show more inductance. At least that's what we saw in '92.
old jim
PS i know I've posted that photo before, sorry for being repetitious. That experimenting taught me to think in terms of flux whenever messing with inductors.
Hope it helps somebody..