Looks like a "mistake" to me as well, I agree w/ David, probably supposed to be a "naked solid core" (nice "brownish" jelly ribbon thrown into the mix to confuse even further)
Contemporary, "mica" in the transparent green, Lutz is a gold color, nice mib Jeremy
Here's a few pics of an old handmade German handmade w/ Lutz, one shot inside and one outside in natural light (both pics same mib)
The first two are pee-wee, the pontils appear unfinished, I don't see any evidence of grinding ?? Agree, they all three look like Later Victorian era production Germans to me also.
Man, that Lutz is whacked on, it musta been beat, I think there's a thread here somewhere showing Pelts (& a few others) whittled to oblivion then split to see exactly how far the color penetrates the base ?? I'm gonna have to dig a little. Maybe Steph knows exactly where to find it ?? (I hope)
Atmospheres are really coming into their own I've noticed over the last few years, yes the example you have is a bit over the top. I have a few old sales posts of atmospheres to take a gander at. If I had any I think I'd hang on to them., at least for now, they seem to be climbing in value.