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Durable metal construction with exceptional flexibility make this punch a consistent and versatile long-term performer. High-quality punch heads are totally adjustable for diverse punching applications; middle head disables for two-hole punching. Paper guide adjusts for letter or legal sheets. Margin depth guide adjusts to 3/8". Full base; non-marring removable chip holder. Includes three punch heads; adjusts to hold up to seven (additional heads sold separately).