Yes, it would likely have been used by a WEALTHY officer, or other wealthy person. Having your name made into a METAL "positive" reverse-engraving required extremely skilled micro-craftmanship, by a Master Jeweler. .. just to be able to ink-stamp your name in script, probably as a Signature.
There has to have been a reason for the name to be in script, instead of the usual text letters used when you put your name on something you own.
"Name & Regiment" stencils were popular with civil war soldiers for marking personal property, such as a baggage trunk. Quite a few such stencils have been dug, and it's a thrill to do research on the soldier whose name and regiment are on the stencil.
But, a Signature stamp? That is an expense a person of ordinary income could not justify. But a wealthy officer (or civilian) who's job involved signing lots of documents, such as a Quartermaster or Ordnance Supply officer, might spend that much money for the "Signature" ink-stamp, especially if his hand was getting arthritic, or was disabled in some other way.