SCscoutguy
Well-known member
What makes this thing so special?
http://www.ebay.com/itm/280884561666?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649
http://www.ebay.com/itm/280884561666?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649

That is a nice looking 1/4 ratchet! Maybe is like 30 years old and still in mint condition. For a tools collector this is a must have, specially if you are completing/building a P&C set. I saw a 12pc set from Bonney ending in 300 and it wasn't mint like this ratchet.
Peterson closed P&C in the late 60's, so at least 45 or so...

Ouch that's a ****** pricey ratchet. No way worth that much!
Ouch that's a ****** pricey ratchet. No way worth that much!

You can get the entire set here and they even look to be in about the same shape.Wow! I just bought a thorsen 3/8 today for 2 bucks that looks just like that, I would not have paid 3 for it.
The Origin of Thorsen
After his disagreement with Peterson and Carlborg, Ned Boyd resigned from P&C Tools and left for California, where he proceeded to establish Thorsen Manufacturing in Oakland. In addition, Boyd managed to persuade two key P&C employees to leave with him to set up the new business, and Thorsen was soon in operation as a competing tool company. According to Derville family recollections, the name Thorsen was "picked out of thin air", basically because Thorsen was a Swedish name and Swedish steel had a reputation for high quality. (Interested readers can find more information in our article on Thorsen Manufacturing.)
The events leading to the founding of Thorsen are corroborated by a newspaper article appearing in the August 1, 1929 edition of the Milwaukie Review. With the heading "Tool Plant to Have New Building Soon" and a byline "Unfounded Rumors Abroad", the article first denies a rumor that P&C was planning to move to Los Angeles or elsewhere, and states that, on the contrary, the company is considering expanding their current operations. Citing John Peterson, the article further notes a rumor that P&C management had sold out and that the company name would change. Peterson indirectly attributes the rumors to a recently organized company in Oakland "with a very similar name", and accuses ex-employees (of P&C) of taking advantage of the reputation of P&C.