Is this a bad idea?

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G gpstar
As they say, you only live once. As mentioned by others, the prices are rising on them and the 2500D versions are getting hard to find. If you do get one, consider replacing the original clasp with a current Omega adjustable one for even more comfort and adjustability.

Obligatory wrist shot (I have a 7 - 7.2 inch wrists).

upgrading the clasp would certainly be done if I acquire the PO
 
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Personally I think that in this scenario the PO is the better watch. Besides, the time for buying a good example of a 1st gen PO is now. I see prices creeping up and good full sets of a 2500D PO are getting close to the 8500 variants. If you really can't have both, I'd say do it. The BB58 can be reacquired in the future as it is not a discontinued watch.

I have a 1st year Blackbay. I like it, but doesn't wear it much anymore. The BB58 has some significant design improvements, but what makes it (in your words) near-perfect is that is getting close to the watch all the fans would want Tudor to make (again): A proper Submariner. In that sense I feel the PO has a more defined personality.

I have a 2201.50 so, regarding what to expect... The 2500 PO is the thinnest and lightest, but it is still a tall and heavy watch. In size and thickness I find it wears a lot like a 5-digit Sea Dweller, which kinda makes sense as it is the deep-diver Seamaster. In weight, the PO bracelet is significantly heavier (excellent, though).

You say you had a 2254 SMP before, expect the PO to feel heavier and significantly taller on the wrist. Same for the Speedmaster, the PO may look somewhat similar but wears nothing like it.

That said, I love the PO. It is a serious diver's watch with a lot of heritage and personality. And the 2500 movement (try to find a 2500D) is considered to be excellent and time proven.

I'm wearing mine most of the time since I got it in January. It's been one of the longest honeymoons I've had with a watch.

Regarding the comment by Alfista88 about the AR coating on the outside: it makes the crystal disappear ! I love the look. I have a couple of scratches on mine, but the fact is that you can always polish it off if it gets too obviously scratched.

Some pics to illustrate what I said (my wrist is 7.25 to 7.5" depending on the season)
Regarding the comparison to the 2254, i liked the feel of it but when I wore it I always got the feeling it was just a tiny bit short for its diameter. It almost felt too flat and always prefered it on a nato because it would raise it up 2mm roughly. Not overly concerned about the bracelet heft as I'd most likely wear it on rubber or fabric more often. But would still upgrade the clasp for micro adjustment.
Edited:
 
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I think that the first generation PO is one of the best divers Omega has ever made and definitely the best PO they ever made. Subsequent iterations became too thick, too big and too shiny for my taste.

It is still a chunky watch but it wears well and very similar to the Speedmaster. The bezel is around 40mm and it's the case that makes the watch measure 42mm.
 
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Regarding the comparison to the 2254, i liked the feel of it but when I wore it I always got the feeling it was just a tiny bit short for its diameter. It almost felt too flat and always prefered it on a nato because it would raise it up 2mm roughly.
Then the PO will feel just right.

Not overly concerned about the bracelet heft as I'd most likely wear it on rubber or fabric more often. But would still upgrade the clasp for micro adjustment.
As for fabric I really like how it wears on C&B Chevrons (a recreation of Tudor's BlackBay fabric/Nato).

For rubber I like a good quality Tropic (I have the one from Meraud). Also good is Christopher Ward's hybrid strap, simple tang buckle but inspired on later PO Omega rubber straps. Sorry, no pictures...
 
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I think that the first generation PO is one of the best divers Omega has ever made and definitely the best PO they ever made. Subsequent iterations became too thick, too big and too shiny for my taste.

It is still a chunky watch but it wears well and very similar to the Speedmaster. The bezel is around 40mm and it's the case that makes the watch measure 42mm.
As a tool, no nonsense diver I fully agree. But if you want just that little bit more of finesse, then the LMLE is the perfect PO. Unfortunately, prices for those are already beyond my comfort zone and I find hard to justify.
 
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I only tried on the PO w/ the bracelet and the thing was massive and heavy, even compared to the 2254.50 I was wearing at the time. For me, the PO is just way too big.

This was the one I tried on, I actually don't know which specific ref it is, I didn't check, felt massive. I don't have particularly large wrists so anything over 40mm starts to feel like a bit much.
1243529-d6699784e7aa77eaf7ea00733c1f6013.jpg

This one has a faded second hand. The tip is normally red/orange. I've seen a few that have faded so much. The earliest versions of these seemed to have been painted with a different paint as the 2500c versions usually din't fade. I have the 2500c.
 
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Don’t the 2500, 8500 and 8900 models have the same seconds hands?