I'm not that familiar with UNC as generally I come across BSW & ISO threads. I would have said:
1/2" Diameter, Unified Course thread form at 8 threads per inch, Class 3A (defines tolerances) Left Hand ... however 8TPI doesn't sound right for 1/2" diameter

1" diameter, yes maybe - I'd have expected more like 18 TPI at 1/2" ... so maybe I'm missing something