For sale is a Panerai Luminor PAM00048 (PAM 048) 40mm in very good - mint condition. This is one of the few discrete Panerais that also has good water resistance (300m) - superior to the 38mm Due's 30m. It also has the OP III (ETA 7750 base) movement, which means easy serviceability compared to later models with in-house movements. Although the 7750 is known to be a chunky boy, I've worn the watch with a suit on several occasions, and it slips under a cuff with no issue. The case and sapphire have no visible scratches. The watch comes on the original 22mm Panerai strap with deployant buckle. The branded deployment clasp does have desk-diving scratches, but nothing deep. Service history is unknown, but watch keeps time well. The watch comes with: 1. Inner and outer box (both in good - very good condition) 2. Panerai instruction booklet 3. Panerai certificate booklet (including COSC certificate and warranty card). 4. Panerai factory tag. 5. Panerai 22mm rubber strap (modified to fit deployant clasp). 6. Aftermarket 22mm sailcloth strap (also modified to fit deployant). Price is $4000 with insured shipping to CONUS included. I welcome international buyers, but please note that (1) shipping is at cost; and (2) you may be subject to customs/VAT. I accept Zelle, PayPal for established members (fees to buyer), and Venmo (again, any fees to buyer). The watch and I are located in the beautiful Hudson Valley, NY. I work in Midtown NYC, however, so I'd welcome face-to-face transactions in NYC or the Hudson Valley. I'd be willing to negotiate a discount for face-to-face transaction. I'm a long-time member of Watchuseek with numerous purchases, sales, and trades, as well as several purchases and sales here. I always take pictures of the watch and accessories being packaged and send them to the buyer on the day of shipping. So, please buy with confidence. I'm happy to answer any questions or do a FaceTime for interested buyers. Additional pics available under my WUS listing: [https://www.watchuseek.com/threads/fs-panerai-luminor-pam00048-048-40mm-w-b-p.5540356/#post-57437176](https://www.watchuseek.com/threads/fs-panerai-luminor-pam00048-048-40mm-w-b-p.5540356/#post-57437176) Trades: I'd consider trades for a PAM00111, PAM00061, PAM00117, or PAM00148.