As for the Bracelet Code, I have a "PJ5" on my SS GMT IIc purchased from an AD in July this year. Best I can figure is that like all manufactures they make a run of an item in great quantity ( if it fits more than one type). When the supply is exhausted they do another run and recode it. It makes sense that bracelet and or clasps would be produced and stored in greater quantity than the watches. I have a V serial also that was one of three the AD had on order when I paid for it.
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