Jan, I see what Evgeniy is refering to,,the 38 is bigger,,also the Himmler looks like its on a downward slant,,even though it looks like a small sized ring the engraving looks crowded.

*more photos are needed. The other runes, behind skull,more of the engraving..The ring could be fine and its just the photos playing tricks, casting doubts. IF it does turn out to be good its got to be a record for CZ with the most ground dug original examples!!