a mold insert according to one preferred embodiment of this invention is shown in fig1 . mold insert 5 according to one preferred embodiment is a cylindrical element that is engaged with a mold , such as a plastic injection mold . although this specification describes a specific application of mold insert 5 to plastic molding , mold insert 5 according to this invention has applications outside of plastics , including virtually any type of molded or cast component that requires specific , imprinted reference indicia . according to one preferred embodiment of this invention , mold insert 5 is press fit into a pocket in the mold such that face surface 17 of mold insert 5 is substantially flush with an internal surface of the mold . preferably , face surface 17 contacts a surface of the molded component during the molding process . according to another preferred embodiment of this invention , mold insert 5 is slip fit into the pocket of the mold and retained with a protruding heel member ( not shown ) on mold insert 5 . other means of attachment known to those having ordinary skill in the art may be utilized to engage mold insert 5 with the mold . mold insert 5 is preferably constructed from stainless steel or similar material appropriate for use with industrial tooling . mold insert 5 is preferably heat - resistant , wear - resistant and corrosion - resistant for use in tooling applications requiring many thousands of repetitive molding cycles . as shown variously in fig1 - 6 , mold insert 5 comprises a plurality of tapered concentric rings 20 , 21 , 22 , 23 . as shown in fig1 - 3 , tapered concentric rings comprise first tapered concentric ring 20 , second tapered concentric ring 21 , and third tapered concentric ring 22 . in one preferred embodiment of this invention shown in fig4 - 6 , fourth tapered concentric ring 23 comprises an outer concentric ring in the plurality of tapered concentric rings 20 , 21 , 22 , 23 . although not shown in the drawings , mold insert 5 may include between two tapered concentric rings and five or more tapered concentric rings . as shown in fig1 - 6 , each successive tapered concentric ring 20 , 21 , 22 is nested within an outer adjacent tapered concentric ring 21 , 22 , 23 . in a released , untensioned position , each respective tapered concentric ring 20 , 21 , 22 , 23 is independently rotatable from each other tapered concentric ring 20 , 21 , 22 , 23 . each tapered concentric ring 20 , 21 , 22 , 23 is preferably positioned , or nested , in extremely close surface contact with each adjacent tapered concentric ring 20 , 21 , 22 , 23 . this tight nesting arrangement restricts entry of resin plasticizers or other contaminants from the molded product into mold insert 5 thereby avoiding jamming or seizure of the moveable components of mold insert 5 . according to one preferred embodiment of this invention , shown in fig1 - 6 , an outer tapered concentric ring 22 , 23 is nested , preferably in close surface contact , within housing 10 . in this preferred embodiment of the invention , each tapered concentric ring 20 , 21 , 22 , 23 is positioned within housing 10 . housing 10 is preferably , though not necessarily , a cylindrical unit having a housing bore 15 . housing bore 15 is preferably tapered or otherwise stepped so that an outer tapered concentric ring , such as third tapered concentric ring 22 , shown in fig2 or fourth tapered concentric ring 23 , shown in fig4 engages with housing bore 15 in a manner similar to the engagement of adjacent tapered concentric rings 20 , 21 , 22 , 23 . housing 10 may contain threaded bores or other attachment means for affixing mold insert 5 to mold . as shown in fig3 and 6 , tapered concentric rings 20 , 21 , 22 , 23 do not extend through housing bore 15 for a full length of housing 10 . however , in another preferred embodiment of this invention , tapered concentric rings 20 , 21 , 22 , 23 may extend through the full length of housing 10 . in a preferred embodiment of this invention shown in fig3 and 6 , center core 40 is positioned within a center of the plurality of tapered concentric rings 20 , 21 , 22 , 23 . center core 40 is preferably tapered or stepped so that center core 40 engages within first tapered concentric ring 20 . preferably , face surface 17 is positioned on an exposed circumference of each tapered concentric ring 20 , 21 , 22 , 23 . face surface 17 is preferably generally planar and , in one preferred embodiment of this invention , contains a set of transferable indicia 30 , 31 , 32 , 33 . when the plurality of tapered concentric rings 20 , 21 , 22 , 23 are in a fully - seated position , face surface 17 of the plurality of tapered concentric rings 20 , 21 , 22 , 23 is preferably generally planar and flush with respect to each face surface 17 . indicia 30 , 31 , 32 , 33 preferably comprises raised letters , numerals or other indicia . alternatively , indicia 30 , 31 , 32 , 33 may comprise engraved letters , numerals or other indicia . regardless of the physical characteristics of indicia 30 , 31 , 32 , 33 , when face surface 17 is contacted with a molded component , indicia 30 , 31 , 32 , 33 is transferable to that molded component . therefore , when indicia 30 , 31 , 32 , 33 is in a raised configuration , the molded part is imprinted with sunken indicia and when indicia 30 , 31 , 32 , 33 is in an engraved configuration , the molded part is imprinted with raised indicia . according to one preferred embodiment of this invention , shown in fig2 year indicia 30 is positioned on face surface 17 of first tapered concentric ring 20 . also as shown in fig2 month indicia 31 is positioned on face surface 17 of second tapered concentric ring 21 and day indicia 32 is positioned on face surface 17 of third tapered concentric ring 22 . according to another preferred embodiment of this invention , shown in fig4 shift indicia 33 is positioned on face surface 17 of first tapered concentric ring 20 . of course , the relative positions and contents of indicia 30 , 31 , 32 , 33 on tapered concentric rings 20 , 21 , 22 , 23 may be adjusted based upon the suitability of the particular application . other indicia such as serial numbers , mold cavity numbers , or production machine numbers may also be positioned on face surface 17 of one or more of tapered concentric rings 20 , 21 , 22 , 23 . in one preferred embodiment of this invention , releasable fastener 45 is connected with respect to a central area of the plurality of tapered concentric rings 20 , 21 , 22 , 23 . in a fastened position , releasable fastener 45 fixes an angular position of each one of the plurality of tapered concentric rings 20 , 21 , 22 , 23 with respect to one another . in a released position , releasable fastener 45 permits adjustment of the angular , rotatable position of one or more of the plurality of tapered concentric rings 20 , 21 , 22 , 23 with respect to one another . preferably , releasable fastener 45 is adjustable with a bladed tool , such as a screwdriver . alternatively , releasable fastener 45 may be adjustable with a hex wrench such as an allen wrench , or any other adjustment means known to those have ordinary skill in the art . in another preferred embodiment of this invention , releasable fastener 45 is connected with respect to center core 40 . center core 40 preferably contains threaded portion 42 , with an internally threaded bore and an external threaded screw portion , as shown in fig3 and 6 . releasable fastener 45 preferably contains corresponding threads so that releasable fastener 45 is threadably engaged with threaded portion 42 of center core 40 . in this preferred embodiment of the invention , when releasable fastener 45 is fully tightened with respect to center core 40 , each tapered concentric ring 20 , 21 , 22 , 23 is forced into engagement with each adjacent tapered concentric ring 20 , 21 , 22 , 23 and , preferably , housing 10 . the corresponding tapers of the components of mold insert 5 thereby lock each tapered concentric ring 20 , 21 , 22 , 23 into a fixed angular position with respect to each other tapered concentric ring 20 , 21 , 22 , 23 . although , as shown in fig6 tapered concentric rings 20 , 21 , 22 , 23 preferably have a generally smooth taper , in an alternative embodiment , tapered concentric rings 20 , 21 , 22 , 23 may have a stepped taper comprising a series of discrete reductions in diameter . in another preferred embodiment of this invention , shown in fig3 and 5 , retainer rings 25 are disposed within grooves 27 provided in an outer edge of each tapered concentric ring 20 , 21 , 22 , 23 . retainer rings 25 may be constructed from a flexible metallic material , such as spring steel , or other material possessing the desired properties of flexibility , heat - resistance and wear - resistance . retainer rings 25 positioned in grooves 27 provide the relative lifting action necessary to allow free adjustment of tapered concentric rings 20 , 21 , 22 , 23 into a desired setting while in a released position . in one preferred embodiment of this invention , reference indicator 35 is positioned on housing 10 . reference indicator 35 , such as an embossed or recessed arrow , as shown in fig2 is preferably a fixed reference point that aligns with the reference indicia on face surface 17 of each tapered concentric ring 20 , 21 , 22 . accordingly , fig2 shows that day indicia 32 of third tapered concentric ring 22 is set to day &# 34 ; 1 &# 34 ; and month indicia 31 of second tapered concentric ring 21 is set to month &# 34 ; 1 &# 34 ;. year indicia 30 of first tapered concentric ring 20 is set to production year &# 34 ; 1 &# 34 ;. in another preferred embodiment of this invention , shown in fig4 reference indicator 35 is also a fixed reference point positioned on housing 10 . in this preferred embodiment , reference indicator 35 is also aligned with reference indicia on face surface 17 of each tapered concentric ring 20 , 21 , 22 , 23 . specifically , fig4 shows that day indicia 32 of fourth tapered concentric ring 23 is set to day &# 34 ; 1 &# 34 ;; month indicia 31 of third tapered concentric ring 22 is set to month &# 34 ; 1 &# 34 ;; year indicia 30 of second tapered concentric ring 21 is set to year &# 34 ; 1 &# 34 ;; and shift indicia 33 of first tapered concentric ring 20 is set to &# 34 ; shift 1 &# 34 ;. as shown in fig3 and 6 , tapered concentric rings 20 , 21 , 22 , 23 have a taper that opens up toward face surface 17 . the preferred angle of the taper depends upon the configuration of the mold and the preferred method for releasing engagement of tapered concentric rings 20 , 21 , 22 , 23 . while in the foregoing specification this invention has been described in relation to certain preferred embodiments thereof , and many details have been set forth for purposes of illustration , it will be apparent to those skilled in the art that the apparatus is susceptible to additional embodiments and that certain of the details described herein can be varied considerably without departing from the basic principles of the invention .