Because the letters are cut in, I would guess that this is a 'seal' used with hot wax to seal documents, letters.. etc.. I get call for them in once in a while (I cut stamps from rubber, wood, and plastic on a laser) .. Now, there usually only used by crafts people, and of course yuppies trying to make an impression.. no pun intended.. This one looks like a genuine 'old' wax seal impression maker with the handle missing..