the 68 transitional is a rare watch, it is not often seen on the market, but when it is, the "median" price for an average to good example might be around $6000. This price might be a little low as speedmaster Fever increases. (as we enter September after the summer the prices have languished through the summer and might move as Auction houses start the selling season)
There is no doubt the Transitional as a reference is undervalued when you think of its rarity, attractiveness and ease of maintained compared to 321.
To be a transitional it must have the -68 case back, the AML long indices dial, and a serial in the 26 or 27m range, and a D090 bezel.
As DO90 bezels are so valuable now, this must be taken into account when valuing a watch. As the op watch does not have one, then that means a 1500-3000 reduction in value from what one might consider a transitional to be worth, as it is an essential element of the reference.
I have no doubt there is a transitional out there that someone would pay $12,000 for. I would expect it to be in close to unworn condition, with a box and papers, and a top DO90 bezel.
This particular watch has no provenance, and suspect looking hands. It also, to me, has dial plots that look very slightly suspect. They are very yellow, thick and creamy. I have not seen this before, and it may be fine. It is just that as the hands look a little dodgy, I start to worry about the dial.
I think this watch has been "prepared" and some time.
I don't expect these worries when I consider paying top dollar for a watch.
