A classic and iconic Rolex Oyster Perpetual Date reference 1501 model with a silver  dial and stick hour markers that are inlaid with black enamel.  The case is made in stainless steel and features an engine turned flat bezel.  The watch is powered by the classic Rolex Swiss made twenty six jewel automatic calibre 1570 that also powered the iconic sports watches such as the GMT and the Submariner.  The watch comes on the original Rolex Oyster stainless steel bracelet, fully stamped 78350 with end pieces 557.  The watch was made circa 1979 with serial number 613XXXX.    The watch is in original condition, and comes with a Foundwell one year warranty against mechanical failure.