Omega Seamaster 300 ref. 165.024 - Original Owner Watch Project with 552 Movement

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I was asked by a local jewellers recently if I fancied an Omega project. Turned out to be a one owner 165.024. Watch only, with original bracelet. Seriously grubby and potentially with some previously undiscovered life forms. Also a heavily punished plexi. But I thought it might turn out ok if I give it some tlc.

The bracelet, a 1039-516, is fully intact and serviceable, but heavily used and not something I'd want to rely on.

Well, I've given it a few hours of my time and wanted to see what some of you knowledgeable collectors think about it. This is the first one I've spent any time with and am wondering if I should buy it.

The head actually looks pretty good and honest. I don't think it's been polished. Screw down crown works well. Bezel assembly was completely fused to the mid case. The original insert is marked but intact. x2 ball bearings and springs are missing.

The cal. 552 is a little grubby, but running ok-ish on the Timegrapher. Clearly needs a service though. The movement number is a 19..... Isn't that pretty early???? One marking on the caseback would imply it was serviced in 1976. The rubber gaskets had turned to goo. Horrible to clean up and an indication that it's not been opened for a very long time.

The dial was a little dirty too and the tritium on the 3 o'clock marker had almost turned to furry, flakey black mold. Really horrible looking. This cleaned off but took most of the lume with it. Looks much better now though I think. The hands aren't too bad but were certainly going a similar way. Perhaps the discoloration is from being damp???

The plexi is the original and although I've polished it, it has some heavy battle scars and could probably do with replacing.

Apologies in advance for the poor pictures. I'll get some better ones in due course.

What do we think then. Worth keeping? At the right price of course?? I've thrown it on a nice strap and it's looking rather tidy now.

Thanks for looking.

 
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Hi ! You seem to have done quite a job to clean the watch ! The movement is certainly in need of a thorough service ..
I would keep the watch if you get it for the right price .. what are you going to propose to the seller ?
Good luck !
 
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Hi ! You seem to have done quite a job to clean the watch ! The movement is certainly in need of a thorough service ..
I would keep the watch if you get it for the right price .. what are you going to propose to the seller ?
Good luck !
Thanks!! Honestly, it was disgusting!!! I'm guessing it's not been cleaned for nearly 50 years and apparently the old boy wore it daily!!!

Bearing in mind it needs some parts and a service, I'm not sure what I'll offer???? But it's certainly more appealing now!! At the lowest end, what are these even worth??
 
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Given all the work you've done on it and the fact that it was described as a project, I wouldn't be shy about making a very low offer. I would guess that the jewelers bought it for next to nothing. Maybe start at $2k.
 
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Given all the work you've done on it and the fact that it was described as a project, I wouldn't be shy about making a very low offer. I would guess that the jewelers bought it for next to nothing. Maybe start at $2k.
Exactly what I've just been thinking actually. Thanks for your thoughts.

Just one slight issue I've created though. I've had to give it this little refurb just to see how much potential I could release. But at the same time, I've increased its value!!!

I'll let you know how my negotiations go!
 
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J JW
Exactly what I've just been thinking actually. Thanks for your thoughts.

Just one slight issue I've created though. I've had to give it this little refurb just to see how much potential I could release. But at the same time, I've increased its value!!!

I'll let you know how my negotiations go!
You don't necessarily have to show them the watch, just make an offer. And remember, you may still find some issues with the originality of the watch or condition of the movement. The jewelry store would just sell it to a broker.
 
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A 19 million serial is way too early for this reference.
Totally agree. My 1963 example starts with 20.xxx.xxx. What does the inside of the caseback say?
 
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What are you to the jeweller? Why have they given you a watch to clean but not service?

Anyway, I’d agree, make them a low but not insulting offer without showing them what you’ve don’t to it and go from there, baring in mind there’s a serial number discrepancy that might be an innocent as a bridge swap, but it means it won’t get an extract so impacts it’s value
 
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What are you to the jeweller? Why have they given you a watch to clean but not service?

Anyway, I’d agree, make them a low but not insulting offer without showing them what you’ve don’t to it and go from there, baring in mind there’s a serial number discrepancy that might be an innocent as a bridge swap, but it means it won’t get an extract so impacts it’s value
...if the archive service ever starts again 😁
 
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What did you do to clean the 3:00 lume? Nice work. Your local jeweller must be quite trusting to give green light to such a cleanup!
Looks like a good opportunity to me. Good luck with the project please post results
 
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Totally agree. My 1963 example starts with 20.xxx.xxx. What does the inside of the caseback say?
Yes, I thought this when I first opened it up. The cal 552 was first made in 1958 I think, so I guess they either used an old one they had lying around or swapped it at a later date during service. Who knows but I don't have a problem with this.

I also wonder why it has the later screw down crown? Swapped over at a later service again I suppose.


 
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What are you to the jeweller? Why have they given you a watch to clean but not service?

Anyway, I’d agree, make them a low but not insulting offer without showing them what you’ve don’t to it and go from there, baring in mind there’s a serial number discrepancy that might be an innocent as a bridge swap, but it means it won’t get an extract so impacts it’s value
I'm a local business owner, a stones throw away in the same town. As a collector, we have done business both ways and get on well. If he gets anything old and interesting in, he gives me a shout.

Amazingly, they don't really check things they buy in and don't even own a Timegrapher, so when I bought my first piece there, I asked if I could borrow it over the weekend to do my due diligence. That's what we've done ever since on the proviso that I buy it if I f**k it up!!!
 
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What did you do to clean the 3:00 lume? Nice work. Your local jeweller must be quite trusting to give green light to such a cleanup!
Looks like a good opportunity to me. Good luck with the project please post results
Under a microscope, I moistened the lume plot and gently agitated it with the point of a cocktail stick. Then removed the slurry this produced with rodico.

In doing this, I've pretty much sacrificed the tritium itself, but as the underlying colour is the similar, have made it look a lot better. Perhaps I'll get that plot relumed by a pro at some point, I'll see.
 
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wow, a very impressive cleanup job!
A keeper at the right price😀
 
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J JW
Exactly what I've just been thinking actually. Thanks for your thoughts.

Just one slight issue I've created though. I've had to give it this little refurb just to see how much potential I could release. But at the same time, I've increased its value!!!

I'll let you know how my negotiations go!

How is the flatlink bracelet? That carries some value as well.
 
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How is the flatlink bracelet? That carries some value as well.
Well, it's all there. It's a little tatty, stretched and a couple of the sprung sections need attention. However, I think it would come back to life quite nicely in the hands of a pro.
 
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I’m curious, but why would you clean it before making an offer for it?

If he wants to see it and notice how clean it is. That price is going to jump and if you don’t buy it. It’s going to go to someone else.

original condition. I would have offered $400 dollars due to the overall condition. He could take it or leave it
 
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DON DON
I’m curious, but why would you clean it before making an offer for it?

If he wants to see it and notice how clean it is. That price is going to jump and if you don’t buy it. It’s going to go to someone else.

original condition. I would have offered $400 dollars due to the overall condition. He could take it or leave it
I know what you mean. However, it was so dirty and the plexi so badly scratched, that I had take it all apart and clean it in order to assess it properly. I was most interested in the condition of the dial really. And then once it was apart, rightly or wrongly, I ended up cleaning it properly!!!

I'm pretty chilled. If I get it for a reasonable price then great. If I don't, but I help him get more for it, then that's fine too.