I picked these two items at a flee market. The fellow said they were together. Does anyone have any idea?
The steped spindle is a cam set up. The disc holes are tapered larger to outside top and bottom.
Thank you, Al
What happens when you rotate the handle? Does the stepped end advance? Do the holes correspond to the diameters of the "plunger"?
If so I'd guess it's some sort of hole punch for light metal, or something.