Does anyone know what this is? I got it in a box lot of tools. The handle reads "General Tool USA".
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It's a punch and chisel holder. You use it to hold a metal punch, so that you can keep your fingers away from the action in case you miss with the hammer.
Here's a YouTube video showing how it's used.
1
Could have a dual use as a tool that you could slip over the end of a pipe, and by turning the handle, would work as a set screw.
