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If the oil drop was freely standing on an epilame treated cap jewel it could easily slide off if you knocked the watch hard but the balance pivot keeps it in place.
Latest 404 is this Baron which has a copy of a Seiko 66B movement in it, handy when I needed to find a replacement setting lever. Apart from the setting lever, crown, stem and new crystal (original was cracked) the watch is original.
Finished result:
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