Notes: Know by Rolex fans as the "Kermit" or the "Vomit Sub". Reference 16610LV was introduced at the end of 2003 as a commemorative model to the 50th anniversary of the Iconic Submariner. Green , representing Rolex heritage color , was used as an accent for the bezel setting it apart from it’s classic black counterpart. The Rolex 50th Anniversary Green Bezel Submariner Stainless Steel 16610V, that is so rare and admired, it speaks for itself. What makes this Rolex great? Its automatic winding, luminous markers, sleek engineering, stainless steel oyster, 31 jewels and quickset makes all other watches pale in comparison. The Stainless model 16610V is the kind of watch that will always look good and retain a collectors value. When you wear a Submariner, whether it's new or used, you re guaranteed to make a statement. The power, prestige and over all reverence of the Rolex is reflected in this used Rolex Submariner 16610V. The Rolex Submariner is one of the most popular models ever made by Rolex. It was originally designed by Rolex for scuba diving with a high resistance to water. At the Swiss Watch fair in 1954, the first Rolex Submariner was unveiled.

The green Sub came in different versions of minutiae on the dial and bezel. The first batches Y-F serial have the MK1 dial ( Oval O on ROLEX text and 5 ticks under SWISS MADE) and the super coveted FLAT or FAT 4 bezel. This is the real anniversary model.

Mechanism: The 3135 is a continuation of the 3035 series. Rolex launched it in 1977 and was profoundly different from its predecessors. As the company’s first high-beat movement, it increased the balance speed from 19,800 BPH to 28,800 BPH. This higher frequency has since become the standard across all of Rolex’s range. It also allowed the caliber to provide more accurate timekeeping and better withstand outside influences, such as shock. Like most Rolex mechanisms ending with a "5", this unit has a date function. All modern Rolex date-equipped mechanisms have a 'Quickset' feature as well.

The popular caliber 3135 measures 28.50 mm in diameter and 6.00 mm in height. The Submariner uses this caliber. This makes it quite large when compared with other Rolex movements. The larger size of the movement means that it is more robust and has the ability to incorporate more parts and components. This allows the watch that utilizes it to perform more reliably and durably. It also offers a frequency of 28.800 vph.

Family Notes: The Rolex Oyster Perpetual Submariner is a line of sports watches designed for diving manufactured by Rolex, known for their resistance to water and corrosion. The first Submariner was introduced to the public in 1954 at the Basel Watch Fair. The Rolex Submariner is considered "a classic among wristwatches", manufactured by one of the most widely recognized luxury brands in the world, and due to its popularity has become the subject of massive counterfeiting. The Rolex Submariner is part of Rolex's Oyster Perpetual line. See a copy of the 1957 Submariner magazine advertisement.

The Submariner model went into production in 1953 and was showcased at the Basel Watch Fair in 1954. The assigned case reference number of this first Submariner was either 6204 or 6205. It is unclear which model came first; in any event, the two watches are nearly identical. Neither has the distinctive "cathedral" or "Mercedes" hands now so strongly associated with the Submariner line. Rather, both of these early submariners have straight "pencil" style hands. Few, if any, of the 6205 watches bear the name "Submariner" on the dial, a major distinction of modern Submariners. Some 6204 models have the Submariner logo printed below the center pinion, while others have the logo blacked out. It is believed that there were unexpected trademark issues connected with the name "Submariner" at the time the 6204 and 6205 were released, accounting for the inconsistent use of the Submariner mark on these early Submariners. Trademark irregularities notwithstanding, both the 6204 and 6205 are designated Submariner models in Rolex product literature.

From Wikipedia