Notes: The Rolex Oyster Perpetual ref 1002 is an affordable vintage watch from a very popular period of Rolex watchmaking in the 1960s. As always, Rolex made a great effort with ref 1002 to create a long-lasting and quality timepiece. Perhaps not as flashy as some other Rolex models, the simple look of ref 1002 gives it a classic and timeless appearance, while its quality construction keeps it running smoothly and accurately for generations.

Ref 1002’s master craftsmanship was intended to last for at least one generation. 40 plus years later, many Ref 1002s still remain. Ref 1002 is also a very reasonably priced vintage Rolex watch. Many in good working order sell anywhere from $900 to $3800 USD, depending on age, condition, movement, and metal finish. This affordable and varying price range makes ref 1002 a viable option for those who wish to enter the Rolex collectors’ market. It also makes ref 1002 an affordable watch to give as a gift, or an affordable vintage addition to any existing Rolex watch collection.

The watch is fitted with a 1520 calibre thus indicating a manufacturing date between 1963 and 1984. The movement is signed Rolex Geneve Swiss 26 Fine Rubies. The Rolex specification for the 1520 calibre being 26 jewels, self-winding, sweep seconds, 19800 beat, shock protecting device.

Mechanism: In 1963, in a curious and extremely un-Rolex-like move, the Cal. 1530 started its own process of being phased out. Rolex replaced it by the less advanced Cal. 1520. As the numbers suggest, it represented something of a backwards step for the usually progressive thinking company.

It was centered on the same architecture as the Cal. 1530, and shared an identical base plate. However, it had several key differences, many of which were designed to keep its manufacturing costs to a minimum.

Rolex only produced it with a stick regulator, rather than with the Microstella system that had found its way onto the departing 1530 by the end of its run. The Breguet overcoil of the majority of Rolex’s output was substituted for a traditional flat hairspring, and it was originally released as a 17-jewel movement, although 25 and 26-jewel versions joined the range later in the production cycle.

Family Notes: The Rolex Air-King history dates back to 1945. During this time, the Rolex Oyster Perpetual was becoming increasingly popular among combat pilots for its durable case and easy-to-read dial. Hans Wilsdorf appreciated the fact that many brave pilots opted for a Rolex timepiece and chose to honor their loyalty with the addition of the Rolex "Air Series", which also included the iconic Air-King