My Pendlay bar does not have the snap ring. It is probably 3 years old and was the nicer mens bar when I bought it. It is a pressed in metal cap. I actually had to remove one side because the cap got dented and was preventing the sleeve from turning.
Hope that helps.
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What we think, or what we know, or what we believe, is in the end, of little consequence. The only thing of consequence is what we do. -John Ruskin
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