Is the awl part fixed into the handle, or is there a (probably knurled or hex) collar where it meets the handle? If there is a collar, it's probably a multi-tool, with a number of different tools to slot into the handle (screwdrivers, pry bars, etc.; some of the really cool ones had chisels and gouges), of which only the awl survived. The tools would fit into the hollow handle, and the missing plug would, of course, keep them there.
I've had a Snap-On magnetic hex driver with a hollow handle to hold more bits; on that one, the opening where the plug would have gone, had it not run away to join the circus, was threaded.
Here's an example of what I mean:
