Neither are correct - they are reproductions. Normally a sight adjustment tool for a LP-08 would have a wooden handle for better gripping during cold temperatures while wearing gloves. The type I am showing hereunder would sometimes be found in an armourers kit, which also contained other tools for machine-guns, carbines and pistols.
A genuine sight adjustment tool is a difficult item to find and the value is about $300-$350. When examining a sight adjustment tool, play close attention to the two pins which must be perfect in shape.
Albert
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