Here's an old one........
During the in-ring intros of the WWWF Championship match between then-champion, Ivan Kolloff vs. Pedro Morales, Morales was introduced as the "U.S. American Champion". He had the title around his waist for the intro, so he was definately the reigning champ. But, what was the whole story concerning that title? Was it a WWWF-sanctioned title, or was it an NWA-sanctioned title?
This question comes from the first listed match of the WWE Championship history DVD from a few years ago.