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It's supposed to do that - so that you can measure from the outside, or the inside, and account for the 1/16 inch thickness of the lip.
[Edit] Dagnamit. Page refresh fail.
NotThamesWater-
You learn a new thing every day.
Weirdly, for someone hanging out on a bike forum, this is by far and away my favourite thread here. There's no shouting, very little arguing - just helpful people building Good Things. I think this speaks to the better bits of human psyche... much the same as riding and tinkering with a bike does, possibly.
bashthebox
How does anyone maintain a tape measure for 30 years? Isn't the riveted lip attachment all wobbly by now adding a couple of 16/ths to every measurement?
I am amaze. I salute you.