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look up the movement.Chances are, the battery is almost drained.The reason its bouncing between the one second mark is how quartz watches are designed to conserve the battery.Thats why the second hand clicks at one second intervals.

With a low battery, it doesn't have enough power to make it jump to the next second.In a few days, it will just stop moving at all.If its been over 2 years, it might be time to also get it cleaned and lubricated, and the seals checked.
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