The handles themselves falling from "open" to closed. It does seem to be that center pivot just below the jaws. If I squeeze it a little, the tool stays open.
This one might just turn into a parts/practice tool. I'd like to get into modding, and Gerbers are both cheap and (from what I hear) more mod friendly than LMs. Could mess with this one that's already in less than pristine condition before I try mods on others, or just yank parts out of it. It's got the old school knife blade, so I could yank it out to replace the sheepsfoot in one of my others if nothing else.
That's the best part part of them; easy to disassemble and put back and, if you happen to have an old handle chassis around, you already have two disassembly wrenches!: just need to cut out the side with the four knobs and grind/file around it until they fit comfortably without binding on the lock tab (this same "wrench" will work with Center Drive tool's pivot, as well as 400/600 series; and there are also ready made, good quality wrenches available). You can switch implements/tools between the 400/600 without modifications as well as the Center Drive's tools, and with the 700/800, Diesel, and Suspension with some needing modifications due to size; I'm almost sure you can even sacrifice a side from its short tools and replace with the Center-Drive's pry bar, as all these tools share same pivot diameter.
So, yes, start mod'ding and make it uniquely yours!
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Nice finds Sherlock! 
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