In 1999, Rolex broke from tradition, and made a limited run of watches — something they virtually never do — in order to commemorate the transfer of the Panama Canal from the United States to Panama. A total of 150 pieces were produced (75 in steel, 75 in two-tone stainless steel and gold), and were only available for sale originally from the A.D. (Authorized Dealer) in Panama. These pieces are very hard to come by, and very rarely come up for sale. This particular example is housed in two-tone steel and gold, and is edition number 35/75; the dials feature and emblem of the Panama Canal above 6 o’clock. This particular Panama Canal Submariner is extremely well-preserved remaining unpolished and sharp, with normal light wear from moderate use; the bracelet has 10 full links and very minor stretch.