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https://forum.germandaggers.com/ubbthreads.php?ubb=showflat&Main=6569&Number=69831#Post69831

Tanker,,you got it! A motorized grinding wheel [bench grinder] was used as like in your 2nd photo. Wrong machine to use on anything jewelry related. Along with taking off metal it will 'move' metal.. Makes a total mess. Also looks like a hand held type grinder [Dremel] was used on the inside since the last photos... Most of this was done after the posts from above link in 2006!..

So,, we either have a great fake, aged ,and messed with until it can no longer be able to properly authenticate,,OR, a authentic HR that has been abused more than once if not a few times.. A shame.........