Guys,
Thanks for the interesting questions on the old gunsmithing tools.
Paddlefoot: I have the same thought as you. I have not done any testing on the metal, but I suspect that it is a lot harder than pure lead. I have known about and had access to this particular tool for 40 years and during that time the metal should have oxidized to white lead, at least on the ends exposed t the atmosphere. But I see no white. So, probably it is some alloy like babbit or linotype.
John: This rifling bench along with a very large number of original gunsmithing tools plus a number of original guns were all made and used by the Fry bothers in Ligonier Pa. circa 1850 - 1900. This wonderful collection is at the Fort Ligonier Museum. The tools are a real treasure and are much more rare than the guns themselves. An interesting point: although this collection is at the Fort Ligonier Museum, it is not displayed as the fort was in operation only from 1758 - 1765. I recently spoke with the museum director about finding a more appropriate home for the collection where it could more available for public study.
P.S. Not only is the collection of Fry brothers tools and guns intact, but their house and their gunsmith shop building are still standing and in good condition on Main Street in Ligonier!!!