In reply to Shane.

The lack of the "precision" text does not really signify anything in this instance (other than being a rarer variant). Rolex's chronometer-certified watches all have text relating to their chronometer-rated status, but for Rolex's non-chronometer-certified models, there can exist a wider variety of dial text that can be found on them (for example Rolex Air-King 5500 watches can either say "precision," "super precision," or not say anything on their lower halves at all). The fact that your watch does not say "precision" does not signify any different standard of accuracy since no ref. 6694 watches were chronometer-certified; it is merely a different (and relatively seldom seen) dial variation for the watch.