Reference:1002: Difference between revisions

|title=Rolex Oyster Perpetual 1002 — Smooth Bezel, 34mm, 1959–1980s | BezelBase

<small>[[Reference:oyster-perpetual|Oyster Perpetual]] -> '''1002'''</small>

The 1002 is the plain-bezel member of the 4-digit no-date Oyster Perpetual line and the reference the rest of the group is measured against. It shares its 34mm Oyster case, 19mm lugs, screw-down back and crown, acrylic crystal and chronometer-rated automatic with the engine-turned [[Reference:1007|1007]] and the fluted [[Reference:1005|1005]]. What it does differently is nothing at all. The surround is a polished band with no milling and no flutes, and Rolex sold it that way from around 1959 into the 1980s, which makes it the longest-running and the most common of the four.

Its number does more work than its bezel. Rolex stamped 1002 inside the casebacks of steel cases across the family, the Air-King [[Reference:5500|5500]] included, so the mark turns up on watches whose dials and bezels have nothing to do with this reference. Houses have catalogued 1002-cased watches as Air-Kings, as Explorers, and once, on a caliber 620 pink-gold watch that cannot be a 1002 at all, as a Bubbleback. The 5500 Explorer is the one steel sibling that mostly escapes this: it typically carries its own 5500-stamped caseback rather than the shared 1002 stamping, though documented exceptions exist on early examples from before about 1970. Reading a 1002 starts with understanding that the number identifies a case rather than a watch.

[[File:Ref 1002 hero.webp|thumb|right|340px|Steel 1002 with the plain polished bezel that defines the reference, silvered dial, caliber 1570, circa 1970]]

{| class="wikitable"

| c.1959 into the 1980s

| stainless steel; 14k and 18k yellow gold; 18k pink gold; 9k gold for the British market, catalogued 1002/8; steel with a gold bezel

| caliber 1530 on the earliest examples, then caliber 1560 (to c.1965), then caliber 1570

| Superlative Chronometer Officially Certified

| screw-down, inside stamped 1002 on steel cases and 1005 on gold, with a Roman-quarter date code

| [[Reference:1018

| 1018]], the 36mm case

The 4-digit no-date Oyster Perpetuals are one watch offered with a choice of bezel. The 1002 takes the smooth polished surround. The 1003, 1006, 1007 and 1008 take engine-turned bezels of varying patterns, and the [[Reference:1005|1005]] takes the fluted bezel, which in this family is always cast in gold. Everything behind the bezel is common property: the 34mm three-body case, the drilled 19mm lugs, the Twinlock crown, the acrylic crystal, the chronometer-rated no-date automatic.

Two neighbours matter more than the siblings. The [[Reference:5500|5500]] Air-King is the same 34mm case fitted with a non-chronometer caliber and Air-King dial text, sold at a lower price; the case-middle tooling is shared, which is why 5500 casebacks from the late 1960s onward carry a 1002 stamp. The [[Reference:1018|1018]] is the 36mm version of the same idea, and its case is the one the Explorer [[Reference:1016|1016]] is built on. The 1002 sits at the volume end of that spread. It was the ordinary Rolex, the one bought as a first good watch and worn for thirty years, and the survival rate reflects it.

Rolex published no production figure for the 1002 and no dated catalogue page fixes its introduction. Caliber 1560 entered production in 1959, which sets the practical start of the run, and the earliest documented case number sits right on it: 487,864, a pink-gold example Artcurial has catalogued twice, dating it circa 1966 in 2016 and circa 1976 in 2021. Neither date agrees with the serial, and the serial is the better guide.

The middle of the run is densely documented. Bonhams catalogued a caliber 1530 example bought on 3 September 1962 with its receipt, guarantee card and swing tag intact. Case number 1,047,802 is dated by Christie's to circa 1964 and case number 1,354,811 to circa 1966. Case number 1,678,569 came with a Bureaux Suisses chronometer certificate dated 9 February 1968, the tightest date anchor on the reference. Case numbers around 2,190,000 reach 1970, 2,818,213 carries a caseback stamped III.71 inside, and 2,981,934 is catalogued circa 1972.

The end of the run is where the sources part company. Case number 4,710,813 is catalogued circa 1976 and case number 5,218,806 as 1977 to 1978. Artcurial dated case number 8,024,591 to circa 1983. Sotheby's Hong Kong went further and catalogued an L-prefix example, case number L962520, as circa 1989, which would put it years after caliber 1570 left production and after every other account closes the reference. The L-serial watch is the outlier in the record and no second late example has surfaced to support it.

Three calibers appear in documented 1002s. Caliber 1530 turns up on the earliest examples: Bonhams catalogued a 26-jewel 1530, movement number D675858, in a 1002 sold in September 1962, and a matching 1530 in a [[Reference:1003|1003]] carrying a chronometer certificate dated December 1960. The Watch-Wiki caliber concordance does not list the 1002 against the 1530, giving it only to the 5500 family, so the two Bonhams lots stand against the published table rather than beside it.

Caliber 1560 is the movement of the reference's first decade, a rhodium-plated automatic of 25 or 26 jewels beating at 18,000 vph, adjusted to temperature and five positions, with a free-sprung balance carrying Microstella screws and a self-compensating Breguet balance spring. The earliest examples run the butterfly rotor. Caliber 1570 takes over from 1965 and lifts the rate to 19,800 vph with a power reserve near 48 hours; the architecture is otherwise unchanged. Hacking seconds arrived across the 1500 family in 1972, which splits late 1002s from everything before. Chronometer certification is the reason the dial carries the Superlative Chronometer Officially Certified line, and it is what separates the 1002 from the Air-King running on the same case. The [[Reference:Movements|movement reference]] holds the full lineage.

No 4-digit Oyster Perpetual carries as many documented dials as the 1002, which follows from the length of the run and the number of markets it was sold into. The pattern across the record is straightforward: steel cases take silvered, white, grey and blue dials, gold cases take champagne, gilt and gloss black, and the special dials are corporate, retailer or regional commissions rather than factory catalogue options.

Two entries deserve a caution. The black 3-6-9 dial with Mercedes hands is an Explorer configuration in a 34mm case, and Bonhams offered the watch twice, in November 2020 and February 2021, without selling it either time; a genuine factory Explorer-dial 1002 has not been established, and one unsold lot is a lead rather than a variant. The Antiquorum sale of a loose so-called Zephyr dial catalogued for ref 1002/1008 shows the dial existed for this case group, but no complete Zephyr-dial 1002 has appeared at a major house.

[[File:Ref 1002 nine carat.webp|thumb|right|250px|British-market 9k gold case catalogued under the paired designation 1002/8, circa 1965, on a 9k gold bracelet]]

The case is a three-body Oyster in a tonneau profile, brushed and polished, 34mm across the bezel and around 12mm thick, with a screw-down caseback and Twinlock screw-down crown and drilled 19mm lugs. Catalogue measurements wander: houses have given the same case as 33mm, 33.5mm, 34mm, 35mm and, in one Antiquorum lot, 35.5mm. The 34mm figure is the one that agrees with the bulk of the record and with the [[Reference:5500|5500]] that shares the tooling.

Steel delivery through the 1960s was the 7205 rivet Oyster in 19mm with 57 end links and a signed folding clasp. From the late 1960s the folded-link 78350 on 557 end links takes over, and Christie's documented the changeover on one watch directly: a 1967 example that left the factory on a 7205, came to auction on a 78350 stamped 19, and carried a Rolex invoice dated 28 March 1989 recording the bracelet replacement and an overhaul. Jubilee bracelets are original on plenty of examples, in steel and in gold, and gold watches also went out on gold fold-over bracelets and on leather with a signed buckle.

A clasp date code dates the bracelet and nothing else. Sixty years of servicing has separated most 1002 heads from what they left on, and a later clasp stamp under an earlier case is ordinary wear history. One Bonhams lot carries a caseback stamped II.62 under a clasp stamped 1 64, which is exactly the kind of small mismatch that is normal rather than suspicious. The cross-family detail sits on [[Reference:Bracelets|the bracelet and clasp guide]].

[[File:Ref 1002 al-sabah.webp|thumb|right|300px|The signature of Sheikh Abdullah Al-Jaber Al-Sabah printed below the centre, above the chronometer line]]

Coca-Cola gave gold Oyster Perpetuals to employees marking twenty-five years of service, and the programme ran across the whole 100x group rather than one reference. On the 1002 the configuration is a 14k yellow gold case under the paired designation 1002/1005, a silvered dial printed with the Coca-Cola script and the 25 Years Service line, and a caseback engraved with the recipient's name. Christie's Dubai sold one in December 2019 engraved "L. Penasse, April 21, 1966" with its guarantee, a bulletin de marche dated 30 June 1966 and its box; Sotheby's Geneva had sold the same watch, case number 1,354,811, five years earlier. The [[Reference:1003|1003]] and the [[Reference:1005|1005]] carry their own versions of the same award.

Christie's catalogued a steel 1002, case number 2,818,213, circa 1971, with a silvered brushed dial carrying an American Heritage logo and a "$3000" designation, the caseback stamped III.71 inside. The dollar figure is a sales-award threshold rather than a price, and the watch is the clearest documented corporate-award 1002 outside the Coca-Cola group.

Astrua, the Turin retailer, signed a champagne-dial 18k gold 1002 that Sotheby's sold in Geneva in June 2020 with its Rolex guarantee and COSC certificate. Retailer-signed 100x dials are more often found on the gold [[Reference:1007|1007]], where Tiffany & Co. and Serpico y Laino examples are documented, and the 1002's retailer branch is thinner than its production volume would suggest.

Bonhams catalogued a 1976 steel watch as "Model: Air-King, Reference: 1002", silvered dial, Jubilee bracelet, and sold it for more than most chronometer-dial 1002s of the same year. These are Air-King watches in the shared case rather than 1002s with the wrong dial, and the [[Reference:5500|5500]] entry covers the case-sharing in full. The practical consequence for a buyer is that a 1002 stamp inside a caseback proves nothing about what is on the dial.

The 1002 trades in the low thousands as a rule, often without reserve and usually in general watch sales rather than dedicated vintage Rolex auctions. Condition and completeness move the number more than metal does: a steel example with its box, guarantee and chronometer certificate beats a bare gold one often enough to be a pattern. Above that band sit the dials that carry a story. The Al-Sabah watch, the Coca-Cola awards and the gold blue-dial examples reach five figures, and the two strongest results on record are both dials rather than cases.

* [[Reference:1003|Oyster Perpetual 1003]] — 34mm, engine-turned bezel

* [[Reference:1005|Oyster Perpetual 1005]] — 34mm, fluted gold bezel

* [[Reference:1007|Oyster Perpetual 1007]] — 34mm, engine-turned bezel

* [[Reference:1018|Oyster Perpetual 1018]] — the 36mm case in the same line

* [[Reference:5500|Air-King 5500]] — the same case, non-chronometer

* [[Reference:1016|Explorer 1016]] — same calibers, 36mm Explorer dial

* Sotheby's, "Sotheby's Geneva Important Watches Lot 127 — Rolex ref 1002/1005 Coca-Cola", Sotheby's, 2014-11-11