Thoughts on this Rolex 5508 please??

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A friend of mine has been offered this Rolex 5508, interested to hear any thoughts on it, these are the only pics I have at the moment I’m afraid. I dare say if he passes and you guys don’t rip it to bits too much I may attempt it myself.
Thanks in advance. :0)
 
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With the “rivet” bracelet (assuming it is original to the watch), the watch could be about 60 years old, or older. Rolex watches don’t last forever, especially since parts for some of the older calibers are scarce, and even Rolex refuses to service some older ones. I think it would be a mistake to buy this watch without having someone evaluate the movement.
 
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Can’t speak for my friend but me personally I would want to see a lot more pictures and here other members thoughts before I’d pull the trigger
 
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Few more pics. The owner said it’s been serviced 2 times by Rolex in 63 and 74, it has a service dial and hands.
 
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With the “rivet” bracelet (assuming it is original to the watch), the watch could be about 60 years old, or older. Rolex watches don’t last forever, especially since parts for some of the older calibers are scarce, and even Rolex refuses to service some older ones. I think it would be a mistake to buy this watch without having someone evaluate the movement.
Think it’s the slightly later movement early 60’s not a 58 ???
 
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Take note of the 111.1958 stamped inside the case back! I estimated 60 years old or perhaps a bit older. Can’t come much closer’n that for an estimate. The movement is a caliber 1530 which is encouraging. The rather haphazard scrawl of the two repair numbers inside the case back doesn’t really look like repair numbers that might have been placed there by a Rolex tech.
 
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Service dial and hands but they’re good examples so not a deal breaker. Heavily polished case though, looses a little of character
 
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Depends if you are willing to live with the service dial and hands and whatever other issues.
 
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Thanks for all the info. He’s looking for £11500 on a leather strap or £12750 on the bracelet which has been refurbished by Michael Young. I think it’s all it’s money personally?
He would trade but I wouldn’t want to give up my newly acquired SM 300 2913-8 for it.
 
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Thanks for all the info. He’s looking for £11500 on a leather strap or £12750 on the bracelet which has been refurbished by Michael Young. I think it’s all it’s money personally?
He would trade but I wouldn’t want to give up my newly acquired SM 300 2913-8 for it.
No, don’t trade. That’s a beautiful watch.

His price is not bad all things considered. Maybe 10% or 15% wiggle room there
 
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@Castle4444
My thoughts on 50s era Submariners: It's very, very difficult to find one without a service dial. Since the service dial is often quite vintage itself, a lot of collectors don't consider this issue a deal breaker. When you get into 60s & 70s era Rolex sports watches, service dials are much less tolerated.
 
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Here is my 5508 with what I understand is the original dial. I would like to find a cleaner original dial but if the choice is a beaten dial that matches a 60 year old watch and a shiny replacement dial, personally I will choose the old dial. JMHO.
 
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Here is my 5508 with what I understand is the original dial. I would like to find a cleaner original dial but if the choice is a beaten dial that matches a 60 year old watch and a shiny replacement dial, personally I will choose the old dial. JMHO.

Screw the 5508 - tell me about the PCG ; )

Mine days hello

7928-EXPCG-May.jpg
 
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Like yours, gilt/gilt/gilt. 1961.

Such a great piece - one of my favorites ; )