It is original.
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Thank you very much, Ade! A friend has it and asked me, I really like the paint and the age of it, but these helmets are a minefield, can not tell myself
a nice original shell as Ade said.
I agree, looks like a very nice original M38 shell.
This one I believe is a little rare. With that lot number it should have a decal, but I see no trace of one on the shell and it does not look like one was removed. So I think this may be a factory or depot reissue with no decal. You see plenty of M35's and M40's that were done like that but seldom see an M38 reissue for some reason. Quite nice!
Very nice to see one that is not rusted badly......... !