The WWE Hardcore Championship belt is a replica of the "Winged Eagle" WWF Championship title, which was smashed in several places and reassembled with two pieces of duct tape, with the words "Hardcore" and "Champion" written on it in marker. Rumor says this belt was the same one stolen by Mr. Perfect from Hulk Hogan on a 1989 episode of Saturday Night's Main Event and destroyed with a hammer. However, some allege the destroyed belt was kept by former WWF referee/booker Mel Phillips and a new belt was purposely destroyed to create the Hardcore Championship belt.
From wiki so take it with a pinch of salt