The sought-after timepiece with its original box, also has a comprehensive range of paperwork to accompany it including a Submariner booklet, Rolex guarantee and receipt from November 1978 from Watches of Switzerland, Exeter, along with spare links.
It comes to the market for the first time since it was purchased in 1978. It has a pre-sale guide of £4,000-£5,000.
The watch and all the other auction lots will be on view on Saturday, June 30, at The Octagon Salerooms, East Reach, Taunton, from 9am-12.30pm.
There will be further opportunities to view on Tuesday, July 3, and Wednesday, July 4, between 9am and 5.30pm as well as the morning of the sale from 8.30am.
For more information please contact the salerooms on 01823 332525.