Well, (probably more info than you want, follows),
This started because, where I am currently working, I have an office (with real gyproc and plaster walls!!) all to myself, not another cubicle!!!
(First time I have my own office, at work, in 30 odd years!)
I eventually overcame my modesty and put framed copies of my diplomas and professional credentials up on the wall;
Then I dumped the uninspiring 'inspirational image' that the previous occupant had left on the wall, and replaced it with a favourite Salvador Dali print.
Then I brought in a few 'antique' pieces of equipment, from my own history, to place on top of the mahogany bureau:-
An old Eico magic-eye resistance-capacitance bridge, an old Wavetek signal generator, an old Heathkit RF generator.
Then I thought, gee it would be nice to have a desk-top tape reader (preferably an Elliott/GEC) with those items. After all, I was academically educated in electronics and communications, but most of my career has been in software, and I started with paper tape.
Then my memory got disturbed and I thought about the hand-punch, and that box of tapes.
(Might be fun to transfer them to disk - just for the fun of seeing them run through a working tape reader and the contents appearing on the screen).
Anyway, that's the picture.
To answer your question: The hand-punch would be cleaned and mounted for display.
The 'pencil'/'wand' punch was attached to the base with a chain - a bit like the way a pen is attached at the cashier station at a bank.