Exellent Question--I would think that a bearing that was supposed to be lubed would not have shields to begin with but they use them on a lot that I have seen.I would also imagine that if it had a gritty feel that it had not been lubed in a long time and though now free it must be well on its way to being Junk and both sides should be replaced.If you leave it in I would leave the shield off only on the side of the cover or oil port(towards the outside of reel.If replacing does it have a bearing that interchanges with any of the multitude of other 6500 reels they made.You can now even get ceramic bearings for a lot of these.Try HatterasJack.
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