1655 Explorer II barn find

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Just a quick update. I've been really busy with some other things but had a quick conversation with my friend yesterday and a deal was done. So I've taken complete ownership of it.

I haven't posted in the thread for a while but I appreciate all the comments.
 
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Probably should elaborate a bit. My friend sent me a couple of poor pics for my opinion. Remember, he's a complete novice and really just wants a modern Rolex. This was offered to him and when he told me the price, I told him to buy it now. He still had some trepidation which I could understand. I told him I'd go with him to see it in person and split the cost with him if it checked out. It was more reassuring to him if I had some skin in the game.

His plan was to use any realized gains from a sale to put towards something modern. So it's probably going to be sold. Sort of tempting to buy out his position and keep it myself, but I wouldn't know how to put a fair value on it.
EDIT: sent this response before seeing OPs respone. Congats on being the full owner!
I would buy him out, offer a premium if you have to and get that beauty cleaned up and enjoy it! The dial looks quite nice and clean.
 
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she looks amazing...despite what you see as lots of wear, it actually has very little. As a long time Rolex collector, my advise to you is DO NOTHING to this watch. If you bought as an investment, do nothing but possibly a movement only service. If you bought it to wear it. Do nothing to this watch. This will pay you dividends later. Collectors want them as-is, not poorly or improperly restored. It appears at first glance that a polish wheel never touched this watch.
 
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Looks like there's a nice dial and hand set lurking beneath the battle scars

 
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Looks like there's a nice dial and hand set lurking beneath the battle scars

I’m betting you’re right! I might be in the minority here but I’d put a brand new crystal on it instead of trying to polish.
 
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Looks like there's a nice dial and hand set lurking beneath the battle scars


See that's how you want a tool watch to look👍. Just service and leave that scratched up crystal
 
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See that's how you want a tool watch to look👍. Just service and leave that scratched up crystal
I generally agree but it's the damage to the crystal at 1 o'clock that has me leaning towards replacement.

 
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It's better to replace the crystal than to take a risk of a leak and getting moisture damage on the dial. That's a nice looking 1655.
 
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Thanks for all the replies. Lots to consider, but I'm sure my friend and I will agree on a path forward. A few things to note. It's my first vintage Rolex but I'm not new to vintage in general so no fear of me messing with it and hurting the value. As far as my friend's wishlist for a modern Rolex, he's mentioning all the usual suspects - Batman, Hulk etc. He's very new to watches and has been consuming YouTube watch channels with an obsession. So who knows where he'll finally land when he decides on something.
please let me know when you consider selling it.
 
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I thought I'd revisit this thread from 2021 as I finally got it serviced. My only debate was whether to change out the original crystal but decided on keeping it, ding and all but with a good polish. Everything else was left untouched but had the hands stabilized and previous owner's DNA removed of course.

I know it's still the honeymoon phase but I've had it for about a week since the service was completed and I'm really loving it. It was obviously used as a true tool watch so I can wear it without any fear of adding a mark to a pristine example. A quick before and after pic:

 
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Superb results! Especially liked your keeping the original crystal with a polish.

The watch has seen an honest life in the past as a true tool watch, and is consequently not so precious so that you won’t wear it freely. Rock on…
 
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Wow, just wow.

A brilliant story here. Congratulations and wear that one in great health!
 
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This is one of those what-watch-dreams are-made-of stories, once in a lifetime find. I’m so glad you decided to keep it rather than instantly flip it for fast cash (although if you were truly in need of the money, nobody would blame you). I join the many in saying I am celebratory for you and simultaneously very jealous.

And as far as the crack in the crystal, just treat it like any vintage watch you don’t trust for being 100% waterproof. If you need to go aqua-adventuring, that’s what god made Seiko’s for.
 
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Thanks for all the feedback. With regards to the crystal, it still has enough integrity for the watch to pass a pressure test. Not that it will be intentionally exposed to water but nice to know it's relatively sound.
 
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Solid win on a solid watch.

this is the watch that sparked my interest in watches.