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Name that tool. (SOLVED! Its a Magnetic Chuck)
charlieram:
It's a Mag Chuck (magnetic Chuck) and As DaOld Man says they were used on milling beds or surface grinders, you can also get round ones for turning and Cylindrical grinding, I use them at work and you would be surprised at how much these things can hold.
jdbailey1206:
Awesome. Thank you Charlie and Old Man. They don't seem to be on the mass market anymore but they can be found with a little research. Seems Harbor Freight carried them at one time but not anymore. This little bad boy will come in handy when I need to work on anything metal. (Joysticks, marquees retainers, etc.) I was tired of leaving marks in the metal I was working on when I had to use the vice to hold anything. A little cleaner and some steel wool and this will look like new. Thank you again for the input. :cheers: