I doubt it's a sub caliber conversion since a bolt action FP would just hit the center and not set the round off. The Contender idea might just be valid. I have one but didn't think of it because I don't have one with a .308 base cartridge but the rimfire pin would definitely work. The dates also sort of match, since the Contender came out in '67 and I got this pile of 'stuff' around 1970... although all of the other contents were from back in the late 50's/early 60's. I have no desire to try and chamber this thing in any of my rifles, since there's no telling if the unnamed thingy might get stuck and there's not a lot of frontal area to push on! Why yes, I am chicken! Make that Chicken! Carl's idea of a nail set is also valid and may in fact be the most likely answer. The only thing that makes me wonder about that is why would they make it with the same base dimensions as a .308? I just don't know, too much not making sense!
Thanks for the replies,
Cheers,
crkckr