Note: G-277 is my inventory # only.

Here is a very old Craftsman (H in a circled date code) ratchet in 1/2" drive.  I took this apart, cleaned it, inspected it and put it back together with synthetic grease.  It has a 26 tooth gear.  There is light pitting on it from age.  It works excellent.  No owner engravings on it.

My opinion on grease verse oil in ratchets:

Older ratchets had much stronger pawl springs and could overcome the resistance viscosity of grease.  Grease is better in closed heads for a variety of reasons:  It makes the ratchets quieter, it protects all parts better against corrosion, rust  and eliminates sloppy free play from lightly worn parts.  The downside was older style grease got hard over time.  Synthetic grease is superior today with modern technology (and doesn't eat or swell  neoprene rubber gaskets and o-rings).  Oil is fine for ratchets with an oil ball head, newer ratchets with much weaker pawl springs and open head older style geared ratchets.   This is my opinion from 50 years of dealing with tools and 1000's of ratchets from all manufacturers.    Some of the newer modern ratchets have such weak pawl springs, if you grease them they stick and won't work, hence the need for oil only.

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