Why not get a large easy out and remove the threaded piece or use a cut off hacksaw blade and cut on opposite sides until you are to the threads then use a small chisel to unscrew or unseat the broken piece, wich ever happens first. If the valve is good i would try this first.i dont know what brand or model pounder you have but kencove dot com may have the broken handle available or the whole valve if that is the route you choose. i have personally had good luck with them and their parts.
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