Bob,
Maybe a silly question … have you checked the actual size of the "millimetres"
The reason for asking is that 27.38mm [i.e. your "inch"] converts nicely to 1 5/64"
… It might be a pattern-maker's calliper, corrected for shrinkage.
MichaelG.
.
Edit: Sorry, took a telephone call before posting
… Looks like we all got the answer.
Edited By Michael Gilligan on 05/09/2014 20:41:51