This Bubbleback is in overall great, honest vintage condition. The case is strong with scratches and has been polished. The caseback shows signs of being opened along the coined edge. The crown has scratches. The serial number is clearly visible between the six o'clock lugs. Between both sets of lugs have some scratches. The dial and hands are in great condition and have developed patina. The dial has developed a consistent patina throughout and has some scratches. The expanding Oyster C&I rivet bracelet is in great condition and is a later replacement.
The Rolex Bubbleback is credited as being the first official Oyster Perpetual timepiece, which included a waterproof Oyster case as well as a Perpetual movement with self-winding technology. Its feature set is characterized by a rounded case back that was developed to make room for the movement itself. The barrel-shaped case also includes broader lugs and a distinct non-lume dial, which is set with rose gold tone Roman numerals and baton hour markers. Dating back to the mid 1940s, this ref. 2940 is a precursor to the brand's immensely successful line of sports watches that were to follow in just a few short years.
This example is in overall great, honest condition and has a really unique and remarkable aesthetic. This vintage Oyster Perpetual truly is unlike any other watch in your collection, with it's non-lume silvered dial decorated with the rose gold hour markers and hands. The dial has developed a fine patina that gives watches like this one that quintessential vintage vibe many avid collectors are after. The bracelet has been upgraded over the years to a later 1970s expanding rivet Oyster bracelet with straight end links. Of course, this fine detail only adds to the overall wrist presence of this Rolex and really sets it apart from other bubbleback watches. These vintage bubbleback Oyster Perpetuals offer great value because they are so rare and hold a special place in Rolex history.
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