What is This Cutter?

I stumbled across this cutter while checking out my mom's cutter stash. I didn't know what it was so I just forgot about it. I have come across this cutter twice since then. They were thrift store finds packaged with other cutters. Now I have to know what it could be. Apparently it was a common design since I have come across 3 in 6 months. Does anyone know what it could be?

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