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Poise is surprisingly similar to balancing wheel rims. You know when you add small lead weights to car wheels to make the weight even all round?
Well, the same applies to watch balance wheels. The effect of a “light spot” or “heavy spot” is that it will affect the rate when in a given position (dial up, crown down, etc.) and therefore will make the timekeeping inconsistent.
On a modern balance wheel which has no screws, you can only remove weight by nibbling into the rim.
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This is a standard pattern “trench watch”. Yours appears to be quite a high quality example; 15 jewels, and snailing decoration to the movement bridges. I don’t recognise the movement, but these would often be built at the shop with a chosen case (which may be English and silver) and your choice of movement.
The hour hand is repairable and will look like new when corrected. The enamel dial looks good.
Wash your hands after opening the watch as the lume on these watches has a high Radium content.
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The good ones aren’t cheap. They provide a ramped magnetic field which means you just press a button and that’s about it, although you would change the orientation once and repeat usually.
With a cheaper Chinese one like I have, you press the button and it’s on, and release and it’s off. This is not good for demagnetising as the sudden change in magnetic impulse can leave the item magnetised. So, you hold it on and slowly draw the item (watch) away from the source of alternating magnetism before switching off.
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@user87446 Is the reason for using a front shifter because there is a lower cable pull ratio, ie. it would be more accurate?
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Also, while you have the dial off like that, fit and remove the stem, and understand how the bolt screw secured the stem in place by drawing the “pull out piece” or “bolt” into the slot cut in the stem.
While the stem is fitted, move it between positions and observe how the castle wheel flicks back and forth to allow setting the hands or winding.
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My BHI practical exam submission. I sent it to them this week. All made by hand. The only powered tool I used was a lathe for turning the cylindrical parts. Tolerance on all dimensions of <0.1mm. The post is blue-d steel, but it’s difficult to capture in a photograph unless in bright light.