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Patek Philippe

Wig-wag pinion

 

This is a wig-wig pinion. A small pinion (toothed gear) is rivited to the underside.  

It will move inwards when you wind the watch by hand and will be pushed out of the way by the rachet wheel when the automatic mechanism is winding the watch. 
Try winding the watch by hand and you'll see it move in. 

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