Here is the response I got from the seller:
"Hello! This ratchet is on consignment. I just spoke with the owner who infgormed me that he bought this item from the family whos father was an engineer with SK tools. They informed him of the provenance of this tool. Kind regards,"
...So, the guy he's selling it for bought it from the family of a guy who was an engineer at SK. I don't want to insult the guy, but that's a lot of degrees of separation!
As I think about it, there are several possibilities:
1. Prototype. Ok, but my first question would be, is this how prototype ratchets are made?
2. DIY or shop project. I think someone mentioned that the one on Ebay appears to be plated, which would make it unlikely that someone made this in his shop.
3. Part of a tool kit for a piece of equipment. The thing that really bugs me about this idea is that there are numerous tool companies that we all know and love that could provide a machine maker with a 1/2" drive ratchet for a fraction of the cost of the man-hours to make this thing.
I recall, though, hearing that some overseas companies (particularly Japanese, according to the anecdotes), have a very strong Not Invented Here philosophy. To the point that Honda designed its own limited-slip differential when a perfectly good Torsen was available off the shelf and that Isuzu specified unique cases for T-5 transmissions without the Borg-Warner logo on the casting.
My point is, perhaps these ratchets were produced for use with a particular machine by an overseas company that was unable or unwilling to buy an off-the-shelf 1/2" drive ratchet to throw in a tool kit.
That's my guess at the moment. Any other ideas?