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Good questions. It really isn't possible to wear the engraving off. Remember, the case isn't solid gold, so any wear to the case would first remove the outer layer of gold and the base metal would show through. I don't see a lot of wear on your watch, but you might see some down at the points of the lugs. The dial variances are fairly common. There are a couple possibilities for a different dial being put on - including a dial from an Arnold being installed as a result of damage to the original. We certainly consider the variance when identifying watches but the main ID factor will always be the case.