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Well, I took the cathode side of the diode (the side with the line on it) out of the circuit on the clock (the side where the diode is connected to one side of the coil for the balance wheel of the movement) and remeasured the diode and sure enough the diode is definitely shot because using the diode mode of my DMM it shows O.L. in both directions. Which means that yes I will definitely need to get a replacement diode for this clock mechanism, which it seems that after some browsing through eBay there were several listings for NOS AA116 Germanium Diodes for sale on eBay being sold in packs of 10, 20 and even 50 for about $10 and free shipping, they even had NOS 1N60 Germanium Diodes for sale on there.
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