Speedmaster Mark II Dial: Fungus or Water Damage?

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Hello all,
I noticed when taking a magnifying glass to my "new" Mark ii Speedy that there seems to be some sort of damage to the dial between 1 and 3..

Has anyone experienced this before? Is it water damage, or maybe fungus, or the paint peeling ?

 
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Problem, mung on the dial. Solution, replace the dial. Highly unlikely that the dial can be satisfactorily improved.
 
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Problem, mung on the dial. Solution, replace the dial. Highly unlikely that the dial can be satisfactorily improved.
Thanks, but what is "mung" ?
 
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Ok, understood... I thought you were mentioning bean sprouts...
 
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In other words, it's 'oomskah'.
ok, but what is the source? Could it be water infiltration at some point ?
 
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A complete service, replace pushers, crown, gasket, possibly replace crystal, test water resistance of the case, etc. Oh, no sense trying to improve the dial. Just replace it!
 
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Almost certainly not a fungus or other microorganism, which would require some form of nutritive substrate on which to subsist.
 
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ok, but what is the source? Could it be water infiltration at some point ?
How might we know?
 
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Fungus or water damage? Both ... and ...

Best advice, try not to look too hard.
 
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I’m betting new dial if it bothers you. If you decide that is the route, may as well try cleaning first and see how that goes.
 
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Battery leak? hahaha
(I kid)

Gotta love when you buy bargain vintage watches though that "need a new battery"