Catalog error?
 

Why is the 1 1/4" round punch (#2 on p. 220) shown to be actually less than 1" in diameter? It is too small for the Riveting set and yet the #1 shown matches the measurement given and is too big? I am going to have to go to the local craft store this morning where I can make sure I can get the right punch size that I need. I ordered #2 and it will arrive today but I will have to be shipping it right back. I wish I could wait, but I need to use the thing this weekend.

" p.220 104403 The 1-1/4-inch Circle punch is 1/4-inch larger than shown."

this is a catalog correction
You should be fine......

It is the correct size, the picture is just wrong. I have the Riveting and the punch and it fits.