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Name that tool. (SOLVED! Its a Magnetic Chuck)

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jdbailey1206:

I need some help identifying the tool below.  Cleaning out my barn I found this tool that the previous owner left.  When the lever is put to one side of the tool it is magnetized.  When the lever is put to the other side the tool it becomes demagnetized.  My questions are what is the tool and what is it used for?

jdbailey1206:

It almost looks to be an old Magnetic Sheet Metal Plate Lifter or just an Industrial Magnetic Lifter but it has no handle.   :dunno

HaRuMaN:

Any markings on it at all?

jdbailey1206:

It was late when I came across it.  I'll give it a once over when I get home but no markings that I remember. 

DaOld Man:

That looks like a device (cant remember what the proper name is for it), that is bolted to the bed of a mill, then the magnets are used to hold the piece that is being milled.
We had one just like that at a place I worked 30 years ago.
It worked fine when taking off very small amounts of service area. (Such as sharpeneing dies).

We dont have one at my current shop, and I havent seen one of those since then.

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