Getting back to the watch: apart from the scratched crystal, general wear and scuffing (and the ridiculous asking price) that is a genuine correct example of the stainless ZFM 7A38-7285. This variant differs from its two siblings: the normal export market 7A38-7280 SAA119J and US market 7A38-7289 SAA109J in the following respects:
The dial does not have 'JAPAN' printed to the left of the 35 minute hour baton and carries the partial part number 710S rather than 710L (full part number, with colour designator being 710LXS27). The ZFM model variants aren't documented on Seiko's database, but presumably following the same nomenclature it's 710
SXS27. Neither is there any SUWA symbol printed to the right of the 25 minute hour baton.
The stampings around the perimeter of the case-back are much as you'd find on the 7A38-7280 or 7A38-7289, except 'JAPAN' is missing (to the left of 'TL'). Oddly, the SUWA symbol is present. Their serial numbers are generally 99xxxx prefixed, indicating a manufacturing date of September 1989. Just above the serial number, in a much smaller font, stamped in three rows are: PROD.Z.F MANAUS - 542 AM and IND. BRAS.
The bracelet fitted to the ZFM 7A38-7285 variants may at first glance resemble the Seiko p/n B1627.E (S,C and G suffix) that you'd find on all other 7A38-728x variants. It uses the same folded link construction with similar proportions, but quality-wise, it's completely different - a much cheaper looking, locally produced item. The bracelet fixing tubes, which accept 1.8mm Ø spring bars (rather than 1.5mm Ø) are stamped with the part number A106 and the inside of the Z-fold clasp is stamped IND. BRAS. The 6-hole adjustment clasp carries an engraved (rather than embossed) SEIKO logo.
I only own one ZFM 7A38 variant and it happens to be a two-tone 7A38-7285. It came with a short bracelet, completely devoid of removable adjustment links, but best I can determine, it was never fitted with any and the endmost links either side of the clasp show no facility for attaching them. Perhaps my biggest disappointment was in the day wheel fitted. Coming from Brazil, I was hoping it might have an English / Portuguese wheel; the standard abbreviation for Friday (Sexta-feira) is SEX. But like all others I've seen, ZFM 7A38's appear to use English / Spanish day wheels.
One fairly obvious point I should probably mention is that although these watches may have been ostensibly 'assembled' in Brazil, their Seiko 7A38 movements were manufactured in Japan. It's reassuringly stamped in the usual place on the anti-magnetic backplate, just above the battery well.
