Tool for making rivet or expansion nails

A tool for making rivet or expandible nails having a pointed end and a shank portion positioned adjacent to said pointed end and being parted into two outwardly bulging legs spaced apart at the place of maximum bulge with the legs reuniting integrally on each side of the bulging and terminating in said pointed end, said bulging legs defining an expandible eyelet opening in the shank, said tool comprising a frame having two mandrel sections, each mandrel section including an end surface, a guide for the nail positioned adjacent to the end surface, an edge cutting means mounted on the end surface for cutting one end of the nail in V-fashion to shape the point of the nail, eyelet stamping means mounted on the end surface, a resilient applicator positioned adjacent to the end surface and a spring means slidably supporting the resilient applicator and adapted to press the nail during a working stroke in a direction opposite to the working direction of the mandrel sections and to lift the nail from the edge cutting means and eyelet stamping means during the return stroke of the mandrel sections wherein the guide, edge cutting means, eyelet stamping means and resilient applicator are positioned with respect to each mandrel section opposite to each other and are adapted during the working stroke to be brought to bear around the nail and at the end of the working stroke the edge cutting means and the eyelet stamping means are moved toward the respective edge cutting means and eyelet stamping means on the opposed mandrel to effect cutting the nail and stamping the expandible eyelet opening defined by the nail.