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I would really check with the vendor to make sure that the movement is the ETA movement on the first one. Sometimes they just post a picture of an older one (out of ignorance?). The fact that it has the word “Swiss” below the Invicta logo suggests that the picture is from a pretty old model. I am not sure whether or not the first model is really 100% swiss made. I think that is why they ended up changing it to say Swiss Movement (to clarify).

I think the Cyclopes magnification is the same on both models it just seems different from the picture.

I personally would go with the coined edge. I have the scalloped edge and I love it but it can be hard to rotate the bezel sometimes, if you’re in to that. Although the coined edge is VERY similar to Rolex, I think they were on to something when they designed the Sub. It is just a classic look.

Also the first one has the undersized crown. I like the bigger crown on the later models better.

Just my 2 cents.
 

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Actually, unless Invicta is guilty of this same thing, the 9937 pictured in the 2007 catalog has "Swiss" listed under the logo, and has the scalloped bezel just like the first picture I posted. This should be the newest model available according to Invicta's own documentation (though I have read posts that say the 9937 has been discontinued).
What does the second hand look like in the picture? If it is not the "winged" second hand like in the picture you posted then I would say they are guilty of the same thing. Invicta is not known for being the most reliable with the info they put out on their watches.
 
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