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My other grandfathers rolex is sat in a drawer awaiting similar treatment!
Whatever you do, don't send it to Rolex for a service, you'll probably not recognise it when it comes back, they're well known for changing dial, hands etc to have it looking like new and it'll loose any character/charm that it ever had. I can recommend someone if you need it.
Thanks. Apparently it was about £800 in 1973
One of my most precious watches because it was my Dad's, he looked at the same numbers that I do when I wear it. I have both my Grandfather's watches too, neither is anything special but both priceless, when I wind them it's a physical connection to them doing the same, I look down on the same dial and hands that they did... I can't help but think of them whn I wear them. I'm a sentimental sod.