The 7016-5001 “Monaco” - like the fully serviced 1973 example here - is nicknamed Monaco for its highly unique shape, reminiscent of a certain 1970's Heuer chronograph by the same moniker.
As recently noted by GQ Magazine, "The race to produce the first automatic chronograph is well-documented: Seiko was the first to get its effort to market with the Seiko 6139 Speedtimer. It is noteworthy, however, that by 1972 Seiko actually had three automatic chronograph movements to choose from and these were not just upgrades...The 7016 movement appeared in a number of case designs, the most identifiable and sought after being the square-cased ‘Monaco’. Depending on your taste and personal flamboyance, there will be a dial option to suit..."
A rather unique aspect of this 7016 is the flyback chronograph, which allows the user to reset the chronograph function without resetting the time completely – similar to that found on Citizen’s 8110 – but also highly rare on Seiko watches. Unlike many other Seikos, the 7016 actually IS rare.
The 7016A movement is based on the Seiko calibre 7005, and when Seiko released the 7016A in 1971 it was the world´s thinnest (6.4mm high) automatic movement (it kept the title until 1987). Of interesting sidenote, Swiss company ENICAR sold a watch named the "Enicar Mantagraph" in the 1970s - and it was equipped with the 7016A movement from Seiko, and included the same case.
This Seiko 7016 comes with a leather rally strap, nylon NATO strap, Pelican travel case, and springbar tool.
1973 Seiko 7016-5001 "Monaco" Automatic Chronograph
DIAL: Seiko-signed silver dial with and matching five hands on main and subdial. Day/date – with Spanish/English variants – at 3 o’clock position works nicely.
CASE: Stainless-steel case measures 37.5mm (39mm w/pushers) x 41mm stainless steel case.
CRYSTAL: Correct Seiko crystal, scratch-free.
BAND: Brown leather rally strap, with stainless-steel hardware. This 7016 also comes with a dark blue, orange, and white nylon NATO strap, which nicely compliments the inherent vintage nature of this chronograph.
MOVEMENT: Seiko 17-jewel 7016A automatic movement, which beats at 21,600bph, was manufactured in December 1973. We have fully serviced this watch.
CROWN: Stainless-steel crown.
CHRONOGRAPH PUSHERS: Chronograph pushers depress with a firm push. All three main and subdial hands reset as designed to 0.