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To follow up on my post...I've found that after giving it a few shakes while adjust the time, the watch now functions as expected (i.e. the second hand stops if the time is adjusted backwards, and the second hand starts up again when the crown is put back into the first position).
Could this have been caused by the oils resting in one place because the movement was stored for a long time? Perhaps now that the movement has had time to run for a bit, it is better lubricated, and therefore doesn't have as much trouble starting and stopping?
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