Here's how to get a classic Timex watch for £1 – but you'll need to be quick

Watches make for someone special – especially at Christmas – that, hopefully, they'll treasure forever, but they're often pricey purchases. Which is why when we heard that , we thought this as definitely worth shouting about.

To celebrate 170 years of making watching, Timex is releasing a limited-edition watch design called the Waterbury today, . You'll need to be quick if you want to bag one though; Timex are only releasing 1,000 of these classic timepieces, and as they went on sale at 10am today, we expect they'll fly off the shelves.

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has been created to commemorate Timex’s iconic Yankee pocket watch, which launched in 1854 and was priced at $1. Its elegant and timeless design features a black leather strap, simple white dial and special engraving on the back. Unisex and stylish, this would make an extra-special gift for someone this Christmas – so don't hang about if you want to bag this bargain, as we reckon it'll fly off the shelves.

If you do happen to miss , Timex has plenty of other great designs worth checking out. For an option under £100, we love the retro , available in silver and gold, and a throwback to some of the very first digital watches.

For something a little more sophisticated, the gets our vote with its two-tone metal strap and luxe-looking green face. At £130, we think it looks much more expensive than it actually is.

And if you love the £1 Waterbury's simple design, , priced at £110.

For more bargain watches, Debenhams is fast becoming the place to shop for huge savings. We've found , meanwhile has a huge 88% off, down from £545 to £67.99.