There are multiple reasons for this to happen, and yes, it is reasonably common. One reason could be the hands were not placed properly after a service. Another reason could be that the watch is in need of a service. What is the service history of the watch? did you buy it new? Used?
If it has just started doing this after many years and you have not have it serviced - it needs a service and that should resolve the issue. If it was this way after a service, the service was not done properly, or the hands were set wrong.
Some might suggest to simply take it to a watchmaker and ask to have the hands reset, but frankly, if the watchmaker doesn't insist on a service as well, I wouldn't trust them.
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