You're looking at very early reference 7928 Submariner. The fading on dial is extremely even, which vintage collectors absolutely love. The bezel is a great shade of grey, too. But, the best part about this watch is what it says on the back. It reads " PROP USS Nereus AS-17". That means that this watch is property of the USS Nereus, which was a US Navy Submarine - famuous tender battleship.
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