I was very intrigued when I saw this padlock. Looking at the selling prices, clearly I was not the only one.
This padlock had a high bid of $127.50 (Plus $5.15 Shipping).Vintage Padlock approximately 2 1/4" x 3 1/4" x 1" For your consideration is an antique padlock made of brass and iron or steel. The shackle at the top is fixed, or stuck, and when the key is turned, the interior parts slide down below the brass case. There is another flat piece which moves up and down. I have never seen a padlock like this one, and I am uncertain of its application or how it is meant to work. There are two lines on the reverse which are the result of a sticker have been placed there. - eBay (13 Jan 2013)