Either fake or just cheap version. I have used hundreds of these locks over the years. I own a construction company and spend it like candy. This one claims to be the same size and look as the ones I usually buy from stock, but it's a cheaper version. The combination wheel does not rotate well. I have my bolt cutters that won't even cut through the ones I normally get, but they will cut through one of these with ease. Maybe it's not a cheap fake, just a cheap version. I don't know, you have to compare the product number with the number you expect. But despite everything, they are cheap and useless in my opinion.
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