Sheesh! Why didn't I think to look at the case before and chase down the model number? 3M GVP-112, Class 2 Battery Charger, Input 120VAC 60Hz 25W, Output 6.8VDC 750mA
One web hit says "...discontinuation of the 3M GVP-Series Belt-Mounted Powered Air Purifying Respirators (PAPRs)...", so now I know it provided power to charge NiMH batteries in a now-obsolete series of self-contained breathing units. However, knowing that wouldn't have solved my diode mystery.
So thank you AnalogKid for identifying the voltage drop variability. If I understand correctly you're saying that once there's actually some current flowing in the circuit then the voltages could be right for the LED to light...and thus when the battery attained full charge then the current flow might cut back and the LED would go off, indicating that the charging was complete.
Thanks again.
Chuck