My old one seems the same.
Mike, i suspect that the AutoTool you have is not broken. At one time years ago I was in contact w/an employee of the firm in New England that produced the scales of the AutoTool for Victorinox. He told me that his company prepared several prototypes of highly polished stainless steel scales like those on the SwissTool, but Vic rejected them as too costly. You probably have one of those prototypes. PS: The same US company also produced the red scales for the SportRatchet.