Info needed: Identifying a 68273's authenticity

[terrenceterrence]

My mother-in-law just took out a mid sized E series DJ from her safety deposit box and asked if it's authentic.

Being not an expert it's hard for me to determine. I took out the bracelet to take a peek at the serial. It's a Rolexor dial with diamond indices.

It's an E series in a very bad condition. The crystal is chipped. The bezel has been changed to a gaudy ruby + diamond not to mention the crown is way rounded from abuse.

Will post photos soon because the internet connection over here is very bad. Can't upload a single thing to photobucket.

between the lugs at the 6 o'clock it reads "STAINLESS STEEL E737**4" and at the 12 o'clock it's "ORG ROLEX DESIG 68273"

but it's without pinholes. so when did the pinhole dissapear for this model?

any help would be fully appreciated.

cheers