Panerai Luminor Marina PAM00111

The case measures 44mm across, with a 24mm lug width. Case material: Stainless steel (AISI 316L). Case size alone is a poor guide to how a watch wears; lug-to-lug length and how the bracelet drops off the case matter more, which is why we suggest trying one on before you commit.

Hand-wound, Panerai Cal. OP X (ETA/Unitas 6497 base, earlier production). Power reserve is 56 hours. It beats at 21,600 vph. The movement uses 17 jewels.

It is rated to 100 meters, about 328 feet. That is enough for swimming and snorkeling, but not for scuba diving. One caution that applies to every watch on this page: a water resistance figure describes a new watch with fresh gaskets. On a piece that is years past its last service, treat the rating as unknown until it has been pressure tested.

Panerai produced this reference from 2004 to 2018. Production years matter when you are valuing one, because dial, bezel and bracelet details often changed inside a single reference run.

"PAM 111", classic Luminor Marina, hugely popular reference. Collector nicknames are not official Panerai names, but they are what people actually search for and what they are called across a showroom.

Yes. We buy this reference outright, and we lend against it if you would rather keep it. We are a family-owned San Diego buyer established in 2006, our appraisers are GIA-trained, and the appraisal is complimentary with no obligation to sell. You can bring it to our Gaslamp showroom at 907 Sixth Ave or start online. If you are looking to buy this reference instead, tell us and we will let you know when one comes in.