There is something wrong with this Summitar.
The edges of the front lens are either hazed or early stage fungus.
.
It may well be the case, but I can't interpret that from the photo. Are you sure you aren't just seeing the smaller diameter inner light baffle that is positioned behind the front element making a reflection? But yes, better pictures would be good.
Steve
Pay close attention to the edge area of the front lens, its matted.
It should be as reflective as the central portion.
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