FWB FWB velocity troubles.

I just got an FWB 65. The first shot with an 8-grain pellet was 394 fps. That sounded Ok for a used air pistol. I was expecting something like 410 fps. Then, velocities went from 250 fps to 300 fps over a 12-shot string, even with a 7 grain Hobby pellets. The velocities did settle to about 290 -300 fps near the end of the test. I'm not sure what happened. Do you have any ideas?
 
Broken spring? They run completely dry except for the spring. Perhaps someone rebuilt it and lubed the piston? The factory just burnishes a little dry moly on the piston and ring. I have never seen a broken ring on one. Could the internal buffer be falling apart? You can stick a small precision screwdriver in the transfer port to see it’s turned to mush.