Restore, sell, trade, or trash my 1968 Omega Speedmaster Professional?

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1-25/26-2021
Hi Omega Forum Members,

I am new here and groping for guidance (of the scrupulous kind). Life is short and time’s-a-wastin’.

I, the original—and only owner, wish to restore, sell, or trade my 1968 Omega Speedmaster Professional. Previous appraisal/trade-in-inquiries (elsewhere) have ranged from fruitless to not much better (Buzz Aldrin’s Speedy is reputedly to have been lost in shipping). Ain’t gonna gamble with losing my (possibly highly valuable) old friend while I am feeling deaf-dumb-n-blind.

Hoping to get more here at omegaforums.net than a hugely disappointing:
“At this time, we are not offering quotes for this model.”
Or
“Unfortunately, we are not currently accepting this OMEGA model at this time.”
And
“We apologize for any inconvenience and thank you for your time.”

Serious labor invested in learning is never an inconvenience! A reply like, “Sorry dude, but we just don’t swing that way with antiques,” would be much more candid and informative than what I have received so far.

Prudent decisions require helpful relevant info. Got any to share with a frustrated researcher?

***********************************************************************************************************************************

1-26-2021
I have an Omega Speedmaster Professional that was purchased new, from my USMC Battalion PX, in the hostile boondocks of Vietnam, circa Xmas ‘68. The PX was housed in a sandbagged (bunker-like), very spartan CONEX shipping box, and the purchase price of the watch was a very painful $100.00. A couple a days earlier, I had made a late-night visit to the nearest available sit-down commode; and while there, I took-off my treasured Zodiac Sea Wolf and set it down beside me while I wiped the sweat off my wrist. Then after wiping another part of my anatomy, I walked away oblivious, without my Zodiac. Somebody got a real nice wristwatch gratis, and I needed a replacement asap. Enter the Omega.

The Omega was a fortuitous find. Kind a like a heavenly gift. The fact that it was later christened ’The Moonwatch’ was just a bonus to my already healthy ego. I never thought of it as anything other than a really cool and very practical wristwatch. After wearing it virtually every day for 11-years, I retired it from daily service and went low-cost-multifunction-digital for daily use.

Since then, it mostly sits unused in a safe place. I check on it occasionally, wind it, and press the buttons to confirm that it still works, and it works just fine—never given a hint of mechanical instability.

Looking a little more intently than usual recently, I noticed dings and chips in the (slightly off-center) tachymeter bezel. I had never noticed that before and did not like what I saw. Those annoying flaws inspired a wish to see my peerless timepiece returned to a more pristine condition. A scarred, weathered, and misaligned bezel on a high-dollar-Chronograph just ain’t my style. It only took a little research to shift my priorities from restore, back to preserve, and then to indecision.

So, here’s a closer look at what I got. The crystal was replaced once (1985ish—the most likely source of the bezel being slightly off-center) and although I recently polished it, a couple of stubborn scratches linger: One at 11:01 and another at 1:09. The good news is you gotta look for ‘em.

The bracelet is stamped both 516 (in 2-places) and 1039 on the inside of the clasp and is virtually original: I had to personally remove one or two links when it was new to fit my (roughly 6”) wrist. There were no local Omega approved jewelry shops to take it to in the outback, and watch repair tools were scarce as hens’ teeth, but I somehow managed to get ‘er done. My handiwork is only noticeable to the most persnickety of eyes and minds.

Like the case, bezel, and crystal, the bracelet ain’t flawless; it is weathered, but the1-5-decades of wear on all these items is within reasonable expectations. The watch was worn, but never, even remotely, abused. It has always been my most prized possession and treated accordingly.

Telltale Exterior Pedigree Evidence:
·
Arrow or ‘Water Drop’ shaped chronograph secondhand tail end.
· Applied Ω logo and printed ‘PROFESSIONAL’ on watch face.
· Dot Over 9 Bezel.
· Seahorse Engraved, Single-Step Case Back.
· Tritium ‘T Swiss Made T’ Dial (with long indices) and tritium hands.
· Bracelet stamped both 516 and 1039.
· Ω logo on crown.

Note: Excluding the crystal, and the link or two that I removed from the bracelet, the watch is 100% original. This watch must be a 321 or 861 Caliber, (ST105.012, 145.012, or 145.022 model). I do not want to open it to confirm its identity for fear of breaking the seal without the proper O-ring for reassembly. Regardless, the only existing provenance is word of mouth, 12-mediocre-photographs, and these few paragraphs of text (no box, no papers, no receipt, or what have you).

Bonus Note: When new, it had a strikingly sky-blue plastic case-back cover that I left in place until it slowly withered away.

This Omega is much more than just my ‘Holy Grail’ wristwatch. It is an impeccable and irreplaceable old friend. It was on my wrist (in combat) from late Dec. 1968 to 10 June 1969. After Vietnam, well, that’s another (likely boring) story.

Sincerely,
2Cents
Middle-a-Nowhere, Kansas, USA

 
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that's one nice watch with a excellent story id get it serviced and leave it as is doesn't need restoring
 
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No restoration needed I think. This watch has a great story and show must go on after servicing it. Wear it in good health!
 
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1-25/26-2021
Hi Omega Forum Members,

I am new here and groping for guidance (of the scrupulous kind). Life is short and time’s-a-wastin’.

I, the original—and only owner, wish to restore, sell, or trade my 1968 Omega Speedmaster Professional. Previous appraisal/trade-in-inquiries (elsewhere) have ranged from fruitless to not much better (Buzz Aldrin’s Speedy is reputedly to have been lost in shipping). Ain’t gonna gamble with losing my (possibly highly valuable) old friend while I am feeling deaf-dumb-n-blind.

Hoping to get more here at omegaforums.net than a hugely disappointing:
“At this time, we are not offering quotes for this model.”
Or
“Unfortunately, we are not currently accepting this OMEGA model at this time.”
And
“We apologize for any inconvenience and thank you for your time.”

Serious labor invested in learning is never an inconvenience! A reply like, “Sorry dude, but we just don’t swing that way with antiques,” would be much more candid and informative than what I have received so far.

Prudent decisions require helpful relevant info. Got any to share with a frustrated researcher?

***********************************************************************************************************************************

1-26-2021
I have an Omega Speedmaster Professional that was purchased new, from my USMC Battalion PX, in the hostile boondocks of Vietnam, circa Xmas ‘68. The PX was housed in a sandbagged (bunker-like), very spartan CONEX shipping box, and the purchase price of the watch was a very painful $100.00. A couple a days earlier, I had made a late-night visit to the nearest available sit-down commode; and while there, I took-off my treasured Zodiac Sea Wolf and set it down beside me while I wiped the sweat off my wrist. Then after wiping another part of my anatomy, I walked away oblivious, without my Zodiac. Somebody got a real nice wristwatch gratis, and I needed a replacement asap. Enter the Omega.

The Omega was a fortuitous find. Kind a like a heavenly gift. The fact that it was later christened ’The Moonwatch’ was just a bonus to my already healthy ego. I never thought of it as anything other than a really cool and very practical wristwatch. After wearing it virtually every day for 11-years, I retired it from daily service and went low-cost-multifunction-digital for daily use.

Since then, it mostly sits unused in a safe place. I check on it occasionally, wind it, and press the buttons to confirm that it still works, and it works just fine—never given a hint of mechanical instability.

Looking a little more intently than usual recently, I noticed dings and chips in the (slightly off-center) tachymeter bezel. I had never noticed that before and did not like what I saw. Those annoying flaws inspired a wish to see my peerless timepiece returned to a more pristine condition. A scarred, weathered, and misaligned bezel on a high-dollar-Chronograph just ain’t my style. It only took a little research to shift my priorities from restore, back to preserve, and then to indecision.

So, here’s a closer look at what I got. The crystal was replaced once (1985ish—the most likely source of the bezel being slightly off-center) and although I recently polished it, a couple of stubborn scratches linger: One at 11:01 and another at 1:09. The good news is you gotta look for ‘em.

The bracelet is stamped both 516 (in 2-places) and 1039 on the inside of the clasp and is virtually original: I had to personally remove one or two links when it was new to fit my (roughly 6”) wrist. There were no local Omega approved jewelry shops to take it to in the outback, and watch repair tools were scarce as hens’ teeth, but I somehow managed to get ‘er done. My handiwork is only noticeable to the most persnickety of eyes and minds.

Like the case, bezel, and crystal, the bracelet ain’t flawless; it is weathered, but the1-5-decades of wear on all these items is within reasonable expectations. The watch was worn, but never, even remotely, abused. It has always been my most prized possession and treated accordingly.

Telltale Exterior Pedigree Evidence:
·
Arrow or ‘Water Drop’ shaped chronograph secondhand tail end.
· Applied Ω logo and printed ‘PROFESSIONAL’ on watch face.
· Dot Over 9 Bezel.
· Seahorse Engraved, Single-Step Case Back.
· Tritium ‘T Swiss Made T’ Dial (with long indices) and tritium hands.
· Bracelet stamped both 516 and 1039.
· Ω logo on crown.

Note: Excluding the crystal, and the link or two that I removed from the bracelet, the watch is 100% original. This watch must be a 321 or 861 Caliber, (ST105.012, 145.012, or 145.022 model). I do not want to open it to confirm its identity for fear of breaking the seal without the proper O-ring for reassembly. Regardless, the only existing provenance is word of mouth, 12-mediocre-photographs, and these few paragraphs of text (no box, no papers, no receipt, or what have you).

Bonus Note: When new, it had a strikingly sky-blue plastic case-back cover that I left in place until it slowly withered away.

This Omega is much more than just my ‘Holy Grail’ wristwatch. It is an impeccable and irreplaceable old friend. It was on my wrist (in combat) from late Dec. 1968 to 10 June 1969. After Vietnam, well, that’s another (likely boring) story.

Sincerely,
2Cents
Middle-a-Nowhere, Kansas, USA



Thanks for a rivetting first post, we don't see many like that nowdays.

If you left in June 1969, and had you looked down at one of the big grey things on the water, you may have seen me looking up and waving goodbye (I was just arriving for a very short trip).

As to the watch, I'm not a Speedy expert, but I know what I like and I like it.

My suggestion would be to get it serviced by a reputable watchmaker (not Omega restoration) with specific instructions to retain originality.
You would then have a very valuable watch to pass on to your heirs.

If you have no heirs, I'd strongly suggest that you consign it for sale with a watch specific auctioneer and then spend the proceeds on a bucket list of stuff you've always been to stingy to do 😉.

Cheers
Jim
 
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Great watch story.

Left a bit confused by your post, though. You start by suggesting you’re hoping for help in appraising the value of the watch to sell or trade; but by the end of the post it seems your sentimentally attached and it’s by then less clear what questions you have.
 
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Just keep as is. That is your life story on your wrist. Service and wear till the end. I'm the same age group as you are. If you go to a machinist shop , you can get that striking blue compound for metal works from your case back , to get even that detail back to match your past adventures. Enjoy life and tell your stories to the present generation. They have no idea, how to evaluate the past in regards to the present and our future. Kind regards from Australia. Achim
 
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Thats a beauty. Just service it! If you tell us in what area you live, you will most likely get good tips of trustable watchmakers nearby.
 
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The watch was worn, but never, even remotely, abused. It has always been my most prized possession and treated accordingly.

This Omega is much more than just my ‘Holy Grail’ wristwatch. It is an impeccable and irreplaceable old friend.

Don't sell it. You'll regret it.

As some of the other guys already mentioned, get the movement serviced by an independent, Omega qualified, watchmaker near Kansas and ask them to leave the exterior as is. As you said yourself, it's like an "old friend", sitting next to you at the bar nodding their head in agreement as you tell stories from yesteryear.

Just curious, if you wind it up and wear it around does it still keep good time?
Edited:
 
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The patina is worth even more than the watch!
That is one emotional timepiece. Treasure it.
 
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Very nice memory, very nice watch. I would only get the movement serviced by an independent, so that if at any moment you decide to use it it will not be damaged.
 
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Hi
Great story... great watch.... I sounds like I am about 20 younger then you ..... I was wearing my Speedy at one of my first real jobs after university.... One of the “old guys” said hey a Speedmaster.... I had one in nam till it was shot off my wrist !

I have not thought about that conversation till now....

Enjoy you watch and thanks for your service .

Best regards
Bill
 
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Although some will look at this watch and think it could do with a little tidying up, almost any work done on cosmetics of this watch will reduce its attraction and therefore value.

The attraction in this piece is that it’s story, it’s history, is clear to anyone who looks at it. If you service it with someone who is not sympathetic to this concept, it will be changed.

Watches are often presented with a story. Sometimes the story doesn’t ring true, and has no affect on the value. In this case the watch clearly has a genuine history, with every mark placed there by one owner. These watches fetch rationally inexplicable prices. Especially since if I (or anyone else) bought it, it would no longer be a one owner watch!

My advice to you the owner, is don’t rush anything - you will have a ton of offers already in the in box, and don’t work on it at all if you are going to sell it - you risk damaging the history and any buyer of this watch will have definite ideas how to work on it.

While an auction might be good, I don’t like them for a watch like this - they will hollow out 30% of the sale - and they might not catch the crazy buyers in these times.

good luck
 
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I'm in the keep it and wear it camp. Unless you are in a money tight, I'd find a sympathetic watchmaker and have it overhauled and wear it with pride. You've got an "Antiques Roadshow" piece and story.

When I say "sympathetic" I mean they understand the appeal of vintage pieces and won't swap the bezel, polish the case, fix the dial, etc...
 
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2Cents, that is a great personal story and while I agree with everyone else's sentiments about keeping it original after a 3rd-party servicing, it is your watch after all. It is surely worth a lot of money, and depending on your current needs in these unpredictable times, you might have to do what you have to do. OTOH, it cost you $100 fifty years ago...so it doesn't owe you one cent, let alone 2Cents (😉).
 
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Definitely trash it! I will PM you with the address of my trash can.

Incredible watch and an incredible story! Service it and wear it with - that's basically always the right answer with Speedmasters.