got it from my dad, he bought it in 75 when he thought it was the coolest thing to own the moon watch, always admired it since i was a child. hard to believe this watch is older than i am (30yrs). i'll consider replacing the bracelet but since dad's name is engraved on the clasp more than likely i wont. what i would like to replace is the tachymetere bezel and if possible to replace/ restore the luminous markers.
In 2011, it still is the coolest thing to own the moon watch, he must have bought it second hand for it to be a 66-68. He did well, you're lucky enough to have the legendary Cal 321 movement that was discontinued in 1968 (theres a slight chance you could have the 861 if its a late '68 but more likely its a 321).
Two very important pieces of advice that apply to all vintage watches, and especially high value classics like Rolex Submariners and Omega Speedmasters:
Whatever you do, don't touch the dial! The patina and yellowing is original and belongs on that watch, if you replace the dial or replace the luminous markers, the history is gone, and the value of the watch will absolutely plummet. People always regret it after its been done and it ruins a highly collectible and sought after classic.
Secondly, keep the original bezel, it may look a bit tatty, but its worth more than a new one. Things are only original once, and much like the dial, people value the old bezels as they show the life the watch has had.
This is what you call a pre-moon Speedy, because it was made before 1969 when the first moon walk took place, and they are getting more scarce all the time especially in the condition yours is in, so please take care of it
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What you should have done to it though:
- Have the movement fully serviced by a quality watchmaker that specialises in vintage Omega
- Have the Hesalite crystal replaced (they're only meant to last 5 years and are considered a replaceable part)
- Buy some Polywatch to keep the crystal in good shape
- Buy a NOS bracelet that goes with a Speedmaster (keep your dad's bracelet some place safe, its probably not the strongest and won't stand up to daily abuse nearly as well as a brand new genuine Speedmaster bracelet for that model year, also that bracelet isnt fitting flush with the case, while a new bracelet will)
- Have the watch fully cleaned, and very lightly polished to remove surface scratches
It will then still look like a vintage classic thanks to the patina on the dial and bezel, but will also look clean and new with the bracelet and case in nice shape
Lastly, consider getting a displayback for it, Robert has one on his and frankly the movement in these is absolutely stunning:
http://www.omega-addict.com/reviews/speedmaster/