Radiator caps

My Brother was working part time for a mold/disaster clean up company, and did a lot of throwing out old junk from houses. He found these old radiator caps at one house and saved a couple. (good for him!) Anyway, anybody ever seen a cap like this before? The dangly thing hanging from the cap is a magnet and the red button on the top releases pressure. Has a lost of cars on the back that it is made to work with, all cars from the 60's. Are these worth anything?
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Never seen anything like it before. But that doesn't mean much! LOL

Looks like a J C Whitney gimmick. I can't imaging having that piece of metal banging around inside the radiator! What a disaster waiting to happen!
 
I remember some caps that had a flip-up lever to release pressure but that was a long time ago. Is that piece aluminum? Maybe it's some kind of anti-corrosion gimmick like the anode rod in water heaters.
 

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