Patek Philippe Ref. 1503 Steel and Yellow Gold
Vintage

Patek Philippe Ref. 1503 Steel and Yellow Gold

By sham1 · Aug 3, 2018 · 38 replies
sham1
WPS member · Patek Philippe forum
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Sham1 shares the exciting acquisition of a Patek Philippe Ref. 1503, a vintage piece that marks a significant shift in his collecting journey. This post delves into the allure of a 74-year-old watch, highlighting its unique stainless steel and yellow gold combination and remarkable condition, despite initial reservations about vintage reliability.

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This year has seen a major setback to my finances no thanks to all the temptations on offer and my remarkably weak self discipline.  As a result, I have ended up doing reckless things like leaving a deposit on this absolutely irresistable 1503.  I could not find or afford the sought after stainless steel piece so I have opted for this stainless steel and yellow gold piece, the combination of which I must confess, looks a lot better than it sounds!  smile  More importantly is the condition of the watch which has been 'valeted' by Patek but the dial remains original. Not bad for a 74 year old watch  smile

Thanks for reading and for appreciating this simple yet delightful vintage gem.




35mm and those lugs will always make me smile




The raised yellow gold arabic numerals and the yellow gold hands contrast well with the stainless steel case and silver dial




That is a 74 year old case back! smile




The movement looks ok to me smile


About the Rolex Oyster Perpetual Ref. 1503

The Patek Philippe Reference 1503 is a notable example from the brand's mid-century production, distinguished by its 35mm case and teardrop lugs. This reference is primarily associated with steel or steel and gold constructions, setting it apart from contemporary references often found exclusively in precious metals. Its design reflects the aesthetic sensibilities of the era, offering a balanced and understated presence on the wrist. It represents a period when Patek Philippe produced watches that combined traditional watchmaking with a more accessible material palette for certain models.

Powering the Reference 1503 is the manual-winding Caliber 12-120, a movement known for its reliability and precision. The 35mm case, often crafted in steel, features the distinctive teardrop lugs that contribute to its classic profile. The watch is fitted with an acrylic crystal, typical for timepieces of this period, and offers a power reserve of 42 hours. While water resistance is rated at 100m, this specification should be considered in the context of historical manufacturing standards.

For collectors, the Reference 1503 holds interest as a steel Patek Philippe from a specific production era. Its availability in steel or steel and gold offers a different collecting proposition compared to the brand's more common precious metal offerings. The existence of a variant, Reference 1503/2, with slightly more prominent lugs, adds a layer of nuance for those seeking specific case characteristics. This reference appeals to collectors interested in the brand's historical output and its diverse material applications.

Specifications

Caliber
12-120
Case
Steel
Diameter
35 mm
Water Resist.
100m
Crystal
Acrylic

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The Discussion
DE
dedestexhes
Aug 3, 2018
Well done

I like these early two tone cases quite a lot. Very consistent with the time. Br, Dirk

SH
sham1
Aug 3, 2018
Thanks Dirk!

I must admit I know little about vintage watches except that I love their size and the way they look, both the dial and the lugs. The fact that the two tone case is consistent with the time is an added bonus.

MI
Mike H
Aug 3, 2018
Big congrats my friend, happy to see that you too are shooting when you find a piece irresistible

But I shoot with my camera only, you shhot with real stuff well done my friend ! Enjoy it and wear it in the best of your health ! Mike

SH
sham1
Aug 3, 2018
I must plead guilty here! :-)

The shots are those from the dealer and definitely not mine. I have not even seen or tried on the watch which is arguably a 'reckless and irresponsible' purchase but it looks too good not to own if possible.

AM
amanico
Aug 3, 2018
Sublime catch! Wow, that's such a beauty. Huge congratulations, my friend. You were right to be weak. [nt]

SH
sham1
Aug 3, 2018
Thanks Nico for the comforting words! :-)

I very seldom buy a watch without even seeing it or trying it on but this was being sold in Germany and I was in London on holiday and am now back in Malaysia. So I had to make an executive decision ie go with my instinct!!

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