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Interesting P1 set on ebay ...

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Diginut

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Interesting P1 set on ebay ...

Post09 Aug 2014, 15:47

Anyone else notice a P1 complete set that's popped up on ebay ? Item # 171415516252

What's very unusual about this particular one is that its serial number begins with 832 - never seen that before since all the production P1's had #754 as the first 3 digits. The "Salesmans" versions began with other numbers such as #305 (although there maybe others of those).

Bruce - if you're reading .. I provided you with a historical spreadsheet of about 37 known P1's a couple of years ago. Have you updated this with more recent finds ? I'd be interested if you have.

Also, do you know what the story is behind the current P1's serial number ?

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bruce wegmann

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Re: Interesting P1 set on ebay ...

Post10 Aug 2014, 00:24

Wow, just when you think you might finally have the whole picture of something, a big extra puzzle piece pops up...! :eek:
ANY P1 is interesting, but this one is definitely more than that... :-?
Yes, I saw this when the auction was only 25 minutes old (showed up on four independent searches). My understanding was that the only P1 still in its' original owner's hands was in the UK...so much for that. I, too, have many questions about the history of this watch. But, I agree, the serial number is the eyebrow-raiser. And, like the 14K P1 that surfaced three years ago, we now see another page of Time Computer history being written. This watch has the earlier, 201-1 P2 circuit board, so must have gone back to the factory for re-fitting relatively early, but the serial number gives us no clue as to when the watch was made (there is, unfortunately, no pic that shows the bracelet date code, which, while not conclusive, would still be better than nothing). Clearly worn, and in well-below what I would call "perfect" condition (numberless small contact marks overall, and a small dent in the upper right corner of the face, which would probably require welding to remove). The description states there are 18 links in the bracelet, but I clearly count 19. I estimate it would take 8-10 hours of serious work to get this back to like-new condition; but, that aside...I have three BIG questions...
Why is the serial number so totally out of sync with all other known 18K P1s? Damaged, perhaps, and sent back to Time Computer for a replacement back? How and why was this number chosen? And finally, the big one...this watch is still with its' original warranty card, and so, not "registered" with Time Computer; how, then, did TC get in contact with the owner to return the watch for the module replacement (which was clearly done). He doesn't have the recall letter, or the one extending the warranty to three years (I do have a copy of that one). Jean Wuischpard's records could probably have answered all these mysteries... I just hope this one doesn't disappear into the fourth dimension, as others have over the years...
Finally, to clarify...the P305602 P1 is NOT a "salesman's sample"; it's a full-fledged P1 (albeit in solid 14K, instead of 18K, gold). I think they did make, or at least planned to make, 65 of them (the 65 cases specifically mentioned in the correspondence refers to 14K ones). The samples were only plated, and not serial numbered (and therefore clearly not intended to be sold), so we don't know how many may have been made; certainly not a large number, but still unknown, nevertheless. And, except for number 650, this is the first "new" P1 on the scene in nearly two years.

UPDATE:

I just had an illuminating conversation with the owner. Watch was a gift from his father while he was in college(!). Returned to Time Computer for the re-fit (the jewelry store owner knew the father, and called to inform him of the recall...that's how the warranty card stayed with the watch, but the news of the recall reached the purchaser, anyway). Module replaced, but no other repairs done at TC, so the anomalous serial number remains unexplained.
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Re: Interesting P1 set on ebay ...

Post10 Aug 2014, 11:18

Whats your opinion on the asking price Bruce ?? Gold price has gone down buy the economy is on the up. Both affect it
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bruce wegmann

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Re: Interesting P1 set on ebay ...

Post11 Aug 2014, 01:19

As the saying goes...nothing is worth more than what someone is willing to pay for it. This is certainly an upper-end P1, given the completeness (a major factor) and the unusual serial number (a minor, but interesting, factor). The condition issues are relatively minor, and correctable. Myself, the most I have ever paid for a P1 was $13K (my first one, when less than 20 were known), and I have bought 3 complete ones like this, all for less than $9K each (one of which was the unique 14K one), and the last one (watch only, not working, but superb cosmetically), was $6K. The gold value is essentially an irrelevancy; if gold went back to $35/ozT, this would still be a P1, with unchanged rarity and collectibility. And, since not even economists understand the economy, I'm not qualified to venture an opinion on how that might affect the price (but, my observation has been that people with serious money still have money to spend, no matter how "bad" the general economy gets).
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Re: Interesting P1 set on ebay ...

Post29 Sep 2014, 02:14

bruce wegmann wrote: And, since not even economists understand the economy, I'm not qualified to venture an opinion on how that might affect the price (but, my observation has been that people with serious money still have money to spend, no matter how "bad" the general economy gets).

:scratch: Bruce Shhhhhhhhhhhhhh.
Don't tell everyone :rtfm:
didn't you know, that's classified information. :secret:
So classified in fact, that most politicians don't even know it.
Or they just do a bloody good impression of it. M:)W:)M

On a more important note the price of the P1 keeps dropping. :ironie:
Just not enough for my pockets :-(
"I don't want to belong to any club that will accept me as a member" Julius Henry Marx

"If necessity is the mother of invention, then mother is now standing at the door calling us in to do our home work"

IF YOUR MOBILE PHONE OR SMART WATCH DOESN'T NEED CHARGING AT LEAST EVERY WEEK YOU EITHER...
A. HAVE NO LIFE/FRIENDS. OR NEED FOR ONE.
B. YOU NEED TO SWITCH IT ON.

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