I think that it is very likely that the entire number was re-stamped. The style of the font is OK, but looks a bit larger than original. Mine is stamped with a fairly small font (haven't measured it) and all in line straight as an arrow with none of the numbers slanted. It is also runs parallel across the frame and not canted as this example.
The BUG proofs on the barrel of an '02 are struck before final finish and are very light. So if this one has been re-done, the proofs probably are gone just like the GERMANY stamp.
As you have guessed, it probably is an old refinish. Still a scarce gun and worth having if the price reflects the refinish.
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If it's made after 1918...it's a reproduction
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