It's a redial, but it's the best I've ever seen on a Cosmic. The giveaway: the ink is too thick (we call it "over-inked"). It really stands out on the first "e" in Seamaster. Hold on for more information. I thought the crosshair coming up from 6 and running between the S and M of COSMIC was a problem too, but now I see a different reference (166.0022) that had this on it's dial.
Here's a picture of the font on my SM Cosmic for comparison: Even through the crappy scuffed crystal you can see it's much more defined. Still, that's a hell of a job. Most redialers screw up the minute/second track. Try to find out who did yours because they have the correct dies apparently. Still not sure on the crosshair thing. I don't think this reference is supposed to have it that far up - it should stop underneath COSMIC.
You did well for something from Argentina. Just make sure there's a caliber 611 inside. I think that's the way it came from Bienne.
I have two watches in transit, that will need to go to the watchmaker, when they get here I'll have the movement checked along with the seal. I do need the male stem replaced it's a little too easy to seperate.
Incidentally, Argentina is also the mecca for cheap polo players as well as franken Omegas. Just my random fact of the day.