At 28mm this is the smallest Oyster Perpetual in the line I've catalogued, and the one I'd point to as proof that Rolex doesn't scale down its case sealing just because the diameter shrinks — same 100m rating as the 41mm version. This 276200-0001 is steel, silver dial, $8,435, no complication at all. On my price-to-durability axis this is one of the better scores in the entire Rolex catalogue: an entry point into the brand, not a compromised one. It's the reference that makes the case for the whole no-frills range.