The first tonneau design Bulova of the 1930s. Notice the familiar diamond & ball engraving pattern used on the 1931 Lone Eagle III & 1932/1933 President. Also interesting to note is the smooth sides on the case, no more opposing arrows. This watch must be pretty scarce, it's the first one I have seen, other than the ad. The ads are dated 1934.
Added 7-27-2011
Hi Wayne, Cool watch find and great sleuthing but isn't the square for 1936 in this case. I doulbt very much it could be 1927 or 1946. Am I seeing 2 date code stamps by the serial # one looks like the 1932 bent T ?
Not doubting the ID at all, but I'd call it for a 1936 model if it's a square.
I doubt there were two uniquely different models named Envoy in 1933. Wayne's supporting ads above are 1934. Case SN suggests 1932, but his entered case SN is only 5 digits? Don't we usually see 7 digits for case SN? Fifth posted a 1934 ad for "Ambassador" in a watch currently under review, but we still have this possible transitional 1933/34 between the tonneau and rectangular Envoy, made more complex by the AMBASSADOR ad Fifth posted.
In reply to To quote one very insightful by FifthAvenueRes…
New confirmation advert for the Envoy which is the 'white' version of this watch. The 'yellow' version is the Aeronaut and the 'two-tone' version the Engineer.
https://mybulova.com/sites/default/files/vintage_ads/1934-Bulova-Pitchbook-watch-advert.jpg