145.012 67 feedback request

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First vintage Speedmaster and first OF post, just purchased today and I’d love any thoughts you can provide. Thanks in advance!

I recently bought a 311.30.42.30.01.005 and immediately fell in love with the Speedy and started looking for a vintage one. I jumped on this 145.012 when I saw it in a local auction, as the idea of a 321 with one owner provenance from my city and a serial number so close to Micheal Collins Apollo watch was very appealing (647 serial numbers apart).

It’s a shame that the bezel was lost, but pretty amazing that all the original materials have survived, even the packing materials! Interestingly, the model on the warranty is filled out as a 6126, but the serial number matches the movement (I found the same number posted by NASA, but don’t know why: )

What I think I see as a beginner: Chrono movement does not engage, but the reset seems to work (can see the hands move a bit), watch runs strong and keeps fairly good time, bracelet appear to be 1175, end links are 47s, clasp is #12 but dates to mid-70s, lume isn’t thick and sandy like others I have seen but reacts like 1968 vintage lume under a black light (glows for 7sec after removing the light), crystal is not OEM, dial looks to only have one little freckle (above the 5 marker), paint on the hands looks pretty fragile and likely will need conservation when serviced, movement looks complete and corrosion free, crown looks correct.

What do you think?

 
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What kind of feedback are you looking for? The condition is rough and a valuable part is missing. But we don't know what you paid, and importantly, it already seems to have sentimental value to you.
 
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What kind of feedback are you looking for? The condition is rough and a valuable part is missing. But we don't know what you paid, and importantly, it already seems to have sentimental value to you.
Anything that stands out as concerning? It looked like a good authentic one owner watch with all original parts to me, but it was a bit of a risk as a beginner. Any thoughts on value, knowing that it needs a very pricey bezel?
 
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For me, the fact that it's a one-owner watch is totally irrelevant given the condition. Given the missing bezel and the condition of the dial, you almost have to value it as parts. Maybe $2000 including the bracelet?
 
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For me, the fact that it's a one-owner watch is totally irrelevant given the condition. Given the missing bezel and the condition of the dial, you almost have to value it as parts. Maybe $2000 including the bracelet?
Thanks, I appreciate the feedback!
 
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Really, it depends what you want to do with it. Could be a candidate for a re-lume and a service bezel.
 
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Really, it depends what you want to do with it. Could be a candidate for a re-lume and a service bezel.
I think a relume would make sense, since the lume is flatter than what I’ve seen on other examples of this reference. I honestly wasn’t sure it had lume at all until I used the black light. This watch will be used and enjoyed for knowing it has the 321 movement driving it, and for the history of being only the second owner and keeping it in the same city it has lived for its entire life.

Any thoughts on using one of the LWC DON bezel inserts to give it the right vintage look, but without any attempt to deceive? (LWC’s insert texts are engraved, so immediately noticeable as non-original)
 
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If you’re going to wear it then get it serviced and get service bezel Then take your time and decide whether to do more. You may decide to buy a better one I wouldn’t sink much into this one.
 
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For me, the fact that it's a one-owner watch is totally irrelevant given the condition. Given the missing bezel and the condition of the dial, you almost have to value it as parts. Maybe $2000 including the bracelet?
At $2000 I would buy it in a heartbeat.
 
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Nice pick up.

I think you’ve made the same mistake many new collectors make in concentrating on the wrong factors. Being a one owner watch and having box and papers are only really of use of it’s a family heirloom or a mint example. It adds little/no value to an average watch.

Looking at the overall condition it’s a ‘fair’ watch, minus the cost of a bezel. So I’d say around $2500. Perhaps a bit more as the bracelet is worth a few hundred (although incorrect for the watch).

If it was me, I’d get it serviced, relumed with a nice vintage tritium effect lume and add an average condition DoN bezel. Keep an eye on cost as you don’t want to spent more than it’s worth.
 
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How much did you pay?
$4k, but I’m OK with that, as it isn’t going to be resold. Clearly I missed the mark on value of provenance vs condition, but at least it is an honest watch.

I really appreciate all the advice and input!
 
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$4k, but I’m OK with that, as it isn’t going to be resold. Clearly I missed the mark on value of provenance vs condition, but at least it is an honest watch.

I really appreciate all the advice and input!
The bracelet alone is worth around $700. The 1175 bracelets in good condition are hard to come by and way strurdier than the 1039s. The 47 endlinks are perfect for the Speedmaster and all you need to do is tighten up the underside tabs to make it fit perfectly well on your watch. Just put a service bezel (you can get one for $200) and you have a good wearable watch.
 
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FYI your lift angle is way off, should be 40 degrees.
 
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FYI your lift angle is way off, should be 40 degrees.
Oops, I forgot to check the LA, which explains the very high amp reading. Thanks!

 
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I wouldn’t worry about this now just get it serviced by independent watchmaker w Omega parts account, who does vintage watches with including Speedmaster. Dont send to Omega will be too costly and you lose control over service- they will replace many things and lose the vintage appeal.
I wouldn’t wear or wind it further before service oils prob gone and may damage movement
You can post service quote here before agreeing to proceed for feedback if you like.
Share the post service photos if you like!
 
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I wouldn’t worry about this now just get it serviced by independent watchmaker w Omega parts account, who does vintage watches with including Speedmaster. Dont send to Omega will be too costly and you lose control over service- they will replace many things and lose the vintage appeal.
I wouldn’t wear or wind it further before service oils prob gone and may damage movement
You can post service quote here before agreeing to proceed for feedback if you like.
Share the post service photos if you like!
Thanks for the great advice, that is 100% the plan, just gave it some wind to see how much the correct LA changed the result.

Thankfully I’ve found a great watchmaker for sympathetic chronograph conservation, now I just need him to agree to add it to his queue. Here’s the last one he did for me. It needed a lot of work to save the chrono hand, as the tube was stretched and had been glued in by the last watchmaker. Even with the perfect bezel, lume and dial, the chrono hand is what makes this watch special to me, so I’m thrilled he could save it.

 
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I think value is more 2500 with bracelet.

The dial with bad lume and missing DON bezel (3k?) makes it not very attractive for someone that wants a -67.

As noted B and P are not much value here.
 
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Personally, I wouldn’t have bought a 145.012-67 without a bezel, because DoN bezels are getting pricey. But I guess it depends on what you value most.
 
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Personally, I wouldn’t have bought a 145.012-67 without a bezel, because DoN bezels are getting pricey. But I guess it depends on what you value most.
I think the time for DoN bezels ‘getting’ pricey is well behind us. If anything, less than good examples have pulled back somewhat over the last 18 months.