Speedmaster 145.022-69, please your advice

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Speedmasters are still new territory for me, as I’ve only handled a more recent c2000 Professional model. I’m looking at a purported 145.022-69ST with a pre-moon back and chewed-up DON bezel. The lume on the indices looks a lot fresher than that of the hands. I can’t say anything about the crown or pushers. The watch and bracelet are being offered for about $4,500. What red flags am I missing?

 
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All looks correct. It’s not unusual for dial look to be lighter than hand lume and these -69’s often have pale or greenish lume on the hands.
It’s not stupidly cheap but price is fairly good given what some are asking for anything with a DoN.
 
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It's true that lume on dial and hands can age differently, but the contrast on this watch is rather extreme. Even if it is all original it's not very appealing to me. You already mentioned the rough condition of the bezel. Those are the major issues I can see, can't really judge the condition of the case from the photos. The price isn't crazy for what it is, but not a massive bargain given the condition. You have to decide if you'd be happy with it.
 
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The bezel would be enough for me to pass. Condition. Condition, Condition. ‘69s aren’t exceptionally rare. I’d wait for a better one to come along.
 
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The bezel would be enough for me to pass. Condition. Condition, Condition. ‘69s aren’t exceptionally rare. I’d wait for a better one to come along.

It has been very recently serviced. I’m not put off by the bezel as I’ve been admiring a lot of other members’ Professionals and have been kind of acculturated to seeing a rugged bezel as a mark of authenticity (I am a romantic and also fairly gullible). But I’ve never inspected one of these close up. Do bezels like this tend to deteriorate quickly once they’re in this condition?
 
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I think it looks not bad at all. if the bracelet is included in the sale, then the price is good in my opinion. Hard to judge the case condition from photos, hopefully no dents or major rust.
I wouldnt be put off by the bezel alone, if the rest of the watch is fine. Bezel is something that can be replaced down the road if its an issue (even though DONs are not that cheap).
 
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Did you see that a solid straight-writing Speedmaster just sold on YJ for that price? Not serviced, but it had a really nice dial, much better bezel and original bracelet.
 
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Did you see that a solid straight-writing Speedmaster just sold on YJ for that price?
whats YJ?
 
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Looks honest to me. Price is not a screaming deal but a better one would be probably also more costly.

Worn don bezel may look worse in pictures than in reality.
 
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Kay knows what it is. 😉
yeah sure, i am guessing the secret place where all the bargains are found 😉
 
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YJ is Yahoo! Japan. I’ve only just started looking hard at Speedmasters of this era being auctioned here. They are not priced as crazily as I expected, especially with the yen in the state it’s in.
 
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yeah sure, i am guessing the secret place where all the bargains are found 😉

Sometimes, if you have a high tolerance for risk, import duties, and shipping hassles.
 
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Sometimes, if you have a high tolerance for risk, import duties, and shipping hassles.
A High Tolerance For Risk is my five middle names.
 
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It has been very recently serviced. I’m not put off by the bezel as I’ve been admiring a lot of other members’ Professionals and have been kind of acculturated to seeing a rugged bezel as a mark of authenticity (I am a romantic and also fairly gullible). But I’ve never inspected one of these close up. Do bezels like this tend to deteriorate quickly once they’re in this condition?
To each his own, of course. It looks like an honest watch to me and it is, after all, a tool watch so some imperfections are to be expected. I would probably evaluate it in terms of your long term intent - keep it, sell or trade up for something better down the road? If the latter, keep in mind that many buyers will want to discount your asking price for every flaw. If you’re keeping it, doesn’t matter. If you want to restore it to optimal condition, a replacement DO90 in good condition won’t be cheap.
 
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To each his own, of course. It looks like an honest watch to me and it is, after all, a tool watch so some imperfections are to be expected. I would probably evaluate it in terms of your long term intent - keep it, sell or trade up for something better down the road? If the latter, keep in mind that many buyers will want to discount your asking price for every flaw. If you’re keeping it, doesn’t matter. If you want to restore it to optimal condition, a replacement DO90 in good condition won’t be cheap.
This is a very helpful way to frame it. The watch is shrewdly priced and unless I suddenly fell out of love with it I would be looking to hang on to it for the long run. I’ve sold off a lot of my more pristine watches over the past year and am just sticking to the ones that I feel at home with, imperfect as they are. It kind of goes to @Dan S ’s one-for-the-vault, one-for-the-wrist thread. In my case, the beat-up one I’ve had longer stays with me and the more recently acquired better example goes to someone who will enjoy it more than I can.
 
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Sometimes, if you have a high tolerance for risk, import duties, and shipping hassles.
since a few experiences, its probably nothing for me, if i want to avoid heart attack 😉