https://reddit.com/r/typewriters/comments/1vajqs7/olympia_sg3_question/
Olympia SG3 typewriter with an optional carbon ribbon set up?
My guess:
Is it just a holder or is there some sort of drive mechanism associated with it? Is the other side a mirror version of it?
I have seen a handful of custom machines (all of them standards) in the late 50s/early 60s that had dual ribbon set ups: one being the standard cloth ribbon mechanism and the second, usually in a "Princess Leia's hair bun" configuration on the sides of the machine (similar to your photo) in which a secondary carbon ribbon was stored for secondary use when/as necessary. I've never seen one on an Olympia however.
It could also potentially have been used for white correction tape as well.
Here's an example of a Royal FPCP with such a feature: https://www.facebook.com/groups/705152958470148/posts/1203433725308733/
It could be the passive holder side for an optional carbon ribbon that is then threaded to the spool on the left side which does the pulling. Typically most carbon ribbons are single use only, so you wouldn't need/want an auto-reverse mechanism.



