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I noted there is a difference in the way the letters are shifted in some dials. Note how the X in Rolex is over the PE of Perpetual on one dial but slightly shifted so it is over the E on another watch dial. Is this variation common?
there are other differences on the dial. Look at the outer hour marker. One has furniture the other is printed. Pretty sure the top one in original photo is real as it is mine. Reputable seller, full papers, cards. Keeps time to 1 sec per 24hr.
Are you sure the top one is real? The printing seems uneven esp the Swiss made on the bottom.
Here’s mine for comparison. Bought at the Rolex NYC 5th avenue store...so probably real 😀
Interesting to see it on leather, I would like to give a try on a vintage brown leather for mine