This appears to be a 1941 Lieutenant based on the following previous watch. http://www.mybulova.com/watches/1941-lieutenant-3483
This is a yellow gold watch with a 10AX movement with the asterick date code. The dial is a silver champagne color with gold applied hour numbers. It appears the same as the above watch and others listed as a Lieutenant but the sub second register has no second numbers. Interestingly the watch is engraved on the back Michael Salay. I did find a Michael Salay who was a race care driver and this could have been a prize he won for winning a race. The watch is not currently running.
Been doing some research on the engraving on the back. Turns out Michael Salay was a race car driver who actually raced in the Indy 500.
Mike Salay
10/6/1909 - 19/11/1973
Mike Salay was born in South Bend, Indiana. His parents were born in Hungary and his real family name was Szalai. He started racing before WWII and was president of the South Bend Hungarian Auto Club, though history does not recount how many members the SBHAC had.
He won the feature race at the last event ever held at the Evanston Motor Speedway (which was also known as the Chicago Midget Speedway) on the 9th August 1936. The track suffered severe storm damage and all further racing was cancelled. The track never reopened.
He went on to race in midgets and Champ Cars between 1948 and 1951.
He qualified the Terman Marine Supply Wetteroth Offy for the Indy 500 in 1948 at the back of the grid and was the first to retire on lap 13 when for some reason he stalled in the south east turn.
He went back to Indy in 1951 but failed to qualify when he crashed out in practice.
He died in South Bend, Indiana in 1973. He was inducted into the Michiana Racers Hall of Fame in 2007.
In reply to Been doing some research on… by JimDon5822