The 500 series is for set screws, and ends at 511 which is for 1-1/8, but it is also kind of a mongral series as it was recycled over other manufacturers number systems that already existed for things like s-wrenches.
Normally set screw wrenches would have a 22 degree opening, check nut wrenches would be 15 (and thin) , and engineers wrenches would be 15 and thick.
My guess is it is a machinists wrench that uses an older number system, but, williams was famous for making up non-standard standard numbers whenever they felt like it ;P
The random ding pattern makes me think machine setup wrench btw...