Mamabird3 here are a couple of keychains I made using my favorite stars. They would work for the top of your bookmark. But I used a smaller template. You can cut the 1 1/2" with the template and then just trim a 1/4" off two sides to get a 1 1/4" block without a smaller template. If you can use the 1 1/2" you can use the 1 1/4". There really isn't that much differance in size as far as holding it and handling it goes.
You can see my points don't always meet either! I am fanatical about the points but sometimes things just don't do what you want them to!!!
I used 1 1/4" blocks here and it finished at 3" a little wider than I like my bookmarks but it does work.
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Here is another one. I used 1" template here. It isn't as hard as it sounds. It just takes a bit of getting used to but it is quite easy to do. It finishes at 2 1/2"
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