Este site parece confirmar minhas observações:
DD 5.25" (360kB) diskettes look very much like HD 5.25" (1.2MB) diskettes; however, HD diskettes seem to almost never have a hub ring, while DD diskettes usually do. The hub ring may be white paper, etc. and easy to spot or cut from the same material as the diskette and barely noticeable. This difference has been mentioned by Peter Norton (of Norton Utilities fame) in one of his books.