In honor of almost 10,000 views, I'm posting the latest ratchet to find its way past my desk.
A Herbrand 1/4" M-5. 24 teeth, tic-toc pawls.
The sliding selector had a spring-loaded ball in the end, which engages a slight "dimple" on the front cover to hold it to the right or left. If the front cover isn't on tight, there's no engagement of this dimple, and the selector won't stay put - hence, the gear "locks" up, and won't turn either way. Makes it seem like the ratchet is toast, so, one can get it cheaply. As I did this one. A good cleaning and lubing, and it works like new.