Yes, you can use a hammer and center punch to remove the rivet to disassemble the chain, but you need a flat ended punch to re-crimp the rivet when you put the link back in. You will need something hard and solid like an anvil or sturdy vise to work on when you do this. You can do this with the chain for bikes, chain saws, etc. Hardest part is usually getting the chain to lay still while you work. A second person just to hold it so it doesn't slide off the anvil helps.
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