[fusionstorm]

If your goal is to get a project that will eventually yield you a period correct timepiece in every way, then you're going to end up spending more than what the current retail is of an average condition (but correct) meters first red Submariner. And that's assuming the case and internals of this specimen are truly authentic Rolex.

I'm not sold on the date engravings on the caseback, specifically the Roman numerals that represent what quarter the caseback was engraved. It seems too far apart to be a II (i.e. second quarter of 1969), and too close together if it were to be a III.