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Hey Bob,

Fifth has said it best here. No one knows for sure and another possibility is that Bulova was using up old stock from 1940 and re-stamped the 2nd date code, as Fifth stated, when it was cased. Hard to say but when you see this, use the later date code. I don't think this is a dial/movent swap but I do think the dial was refinished even if it was some time ago.