Thanks guy's for the input, might be one of those things we may never know for sure, but overall a really nice piece for anyone's collection and a great conversation piece as well.
Kind of curious tho about the grove in the nose, it is offset and on both sides but still line up, which tells me most likely it was grooved after the assembly but was it supposed to be in the middle or just a misalignment.
From my limited experience in this case both half come out of the same mold with one handle getting curled for the keeper and why "Kraeuter" was also in both handles and Bell System was stamped. Also looks like the jaw took some abuse especially down by the pivot which could lead someone to think whatever they pinched was hard or maybe mis used for something other than it's intended use.
One may never know but fascinating anyhow.