An unexpected Rolex/Rolco - The kind of things that pop up

I am putting some things up on here that I have posted on a forum so don't let the lack of continuity throw you. :)

I called the watchmaker yesterday to find out the progress of a repair as well and looking to pick up a couple of watches. While I am on the phone he says "something came in this morning I think you may like". He proceeds to tell me that someone brought in a Rolco that eh thinks the dial is a refinish but still a nice looking watch. 

He said the owner brought it in for a service but once he was told the movement is not a "Rolex" movement he did not feel it was worth the cleaning, oil, and adjustment cost. My watchmaker does not charge more them $75 for a basic service so I could not understand the objection. Apparently the fact that it had a Rolco movement and not a Rolex marked one upset them so much they were happy to be rid of it. I worked out a price to offer and it was accepted. 

By the time I went to pick up the watch it was done being serviced and ticking away nicely. Now I know my watchmaker feels that the dial is a refinish but I can't see that. The age, style, and general condition lead me to believe otherwise. It is a silver guilloche with lumed numbers. The lume is obviously radium and has chipped and flaked with age as I have seen before. The think that made him think redial was the actual "Rolex" name being on the dial. I asked about the dial feet and he said they are right for the movement and not moved or replaced. So the dial is for this movement.

I looked into the markings on the case and they are Glasgow import marks for silver and there is the correct RWC Ltd markings. Based on the type of dial and where it was imported I would almost think Northern Goldsmiths may have been the retailer of the watch. This is only a guess because my experience with Rolex is limited. I am not sure how to date the watch to a year because the case has a date code but I have seen this same silver Glasgow date code an may other silver Rolex watches (not just Rolco). It is a lower case B which would be 1924. Being that, in many of the pictures I have found they have the same date code I would almost think they did a mass import of silver cases at one point and then put movements in as they went.

The movement is a Rolco marked 15j Beguelin "Damas" #4

The only thing that bugs me is that one spot someone relumed on the hand.  Looks silly at night with just that one little spot glowing.















33mm sits ok on my wrist. :)