You are bidding on a vintage antique Marsh Die Stencil Cutter. It cuts 1/2" size letters and numbers and all parts seem to move as they should. I did not try every letter and number and the ones I did try worked and an example of the letters is pictured. It works but do to its age it may need a tune up and some lubrication. Local pickup only or I will work with a shipper that you arrange. This is very heavy at about 100 pounds. We are near Richmond Indiana just off I-70 about an hour from Indianapolis or Dayton and Cincinnati Ohio or 2 hours from Columbus, Fort Wayne and Louisville Kentucky. May be able to deliver near the Louisville area for a reasonable fee. Please email questions and thanks for looking at my auction.