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The Rolex Oyster Perpetual Date Ref. 1501 is one of those references that quietly rewards those who know what they are looking at. Produced in 1972, this example stands out thanks to its rare grey sunburst sigma dial, which displays a beautiful and highly desirable ghosting effect, where the printed text fades subtly in certain light conditions.
This is exactly the kind of nuance that vintage Rolex collectors appreciate. It is not loud or obvious, but once noticed, it becomes the defining feature of the watch. The sigma signature at 6 o’clock confirms the use of precious metal components in the dial furniture, a detail that places this firmly in the golden era of early 1970s Rolex production.
At 34mm, the Ref. 1501 wears effortlessly, offering a balance of elegance and everyday usability that makes it just as relevant today as it was over 50 years ago.
Key Features
Reference 1501
Year 1972
Rolex calibre 1575 automatic movement
34mm stainless steel Oyster case
Rare grey sunburst sigma dial
Desirable ghosted dial text in lighter conditions
Acrylic crystal
Original 6251H folded Jubilee bracelet
Supplied with both bracelet and handmade leather strap
A Word on Condition
The watch presents very well overall, with an attractive dial that is the clear highlight. The case remains honest and well proportioned, and the dial has aged in a way that adds character rather than detracts from originality.
The original folded Jubilee bracelet shows wear, which is entirely typical for bracelets of this era. For this reason, the watch is supplied with both the original bracelet and a complimentary handmade leather strap, allowing it to be worn comfortably straight away while preserving the original bracelet for collectors.
Collector Insight
Sigma dials are already sought after, but sigma ghost dials take desirability a step further. The subtle fading of the printed text occurs naturally over time and cannot be replicated, making each example unique. Collectors value this kind of organic ageing far more than untouched or replaced dials.
The Ref. 1501 also sits in a sweet spot within the Oyster Perpetual Date range, offering a clean smooth bezel aesthetic while retaining the robustness of Rolex’s early automatic movements. Supplied on both bracelet and strap, this is a versatile vintage Rolex that works equally well dressed up or down.
Why Buy This Watch
Rare grey sigma dial with attractive ghosting
Early 1970s Rolex with strong vintage character
Supplied with original Jubilee bracelet and leather strap
Highly wearable 34mm Oyster case
Increasingly appreciated by collectors
This is a proper collector-grade Oyster Perpetual Date, defined by dial quality, originality, and honest presentation. A watch that grows on you the more time you spend with it.
Every watch we sell is fully inspected and professionally serviced to meet our exacting standards. All purchases include bespoke Watts On Watches packaging, full purchase documentation, and a 12-month Watts On Watches warranty.