I've seen quite a few instances of failed bimetallic breakers of this type with absolutely no problems with the circuit or device the breaker was protecting.
Bimetallic button breakers are electromechanical devices and over time due suffer from failure.
That failure can occur simply due to the daily flexing of the bimetal element during normal heatup and cooldown cycles. In some failures, I have also suspected moisture intrusion may hasten failure due to corrosion or rusting as well.
In all cases, when presented with such on the testbench, my standard routine has been to first bypass the bimetal breaker device and then bring the whole thing up on the Variac and Bulb to check for proper operation, proper Current draw, any signs of overheating of the protected device, be it a heatsink, a transformer or whatever and if the thing runs fine with no overheating for a period of at least a half hour I will go ahead and order and replace the bimetal breaker. In certain instances, might set the thing aside on one of the burn-in benches for a longer session of running, maybe even all day, and recheck the temperature before replacing the thermal breaker.
The breaker itself can and does fail, actually this happens fairly often, especially in app;liances that are pushing the operation life envelope into years or decades.
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