Mystery Tool

[Ancient Iron]

Does anyone out there know what this is???? It's marked Alco Tool Co.

 

[davesnothere]

Tap handle?

 

[Ancient Iron]

I thought it might be that ,But I noticed that the collar threads off but dosn't compress the two "fingers" in the center. I don't know,Maybe someone out there does

 

[ihredo4]

A bit holder for the old auger bits.

 

[USMCdodge]

I think its missing something. something with 2 more fingers like it has that would fit the gap between the "fingers..." gotta be something similar to a tap handle.

 

[Ancient Iron]

It could possibly be missing some thing. I got it on one of my garbage picking adventures

 

[Chipmunk]

What does the lettering on the side say?

 

[Jbullfrog]

What does it say on the side?

 

[Ancient Iron]

"The Alco Tool Co". On one side ,the other has No.2.162.246

 

[Outlawmws]

A bit holder for the old auger bits.

That number is a patent No. Take out the dots and put in commas...
http://www.google.com/patents/US2162246

 

[Tool Pants]

Patent number for an adjustable drill chuck.

http://www.google.com/patents?id=fK...a=X&ei=fVzdT72-GcqM6QGj--GrCw&ved=0CDcQ6AEwAA

Outlaw beat me to it.

 

[ihredo4]

After seeing the patent something still is not quite right with my guess. The Jaws/fingers inside look like the fingers to hold an Auger bit. Yet the patent shows this is used in the turret of a lathe/screw machine. I have used this type of holder that had collets inside to hold the shank of the tool bit. Who knows maybe its for a wood lathe of some sort I am not familiar with.