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MChrono offers the Pulsar by Seiko Women's Leather Watch, model no. PRS583, for
$42.25 with free shipping. That's the lowest total price we could find by $43. Features include a stainless steel case, leather band, quartz movement, water resistance to 98 feet, and more.
Update: A reader notes that coupon code "R5M3CI88WL" cuts the price to $38.02.
Women's Silver Tone Dial Leather Strap Watch is also available at these stores