There are a few versions namely the reference 5501 without date and 5701 with date. As many know, the reference 5500
(steel) and 5501 (two-tone) also appear in the ROLEX AIR-KING line of watches
from the same era. The EXPLORER versions are much less common of the
two types. There are fewer of THESE watches than the EXPLORER 1016! The
sparkling steel case on this EXPLORER measures 34mm. and houses caliber 1530 rotor, automatic winding
movement; which is keeping accurate time. These watches are
currently UNDERVALUED in my opinion.
http://vintage-watch.blogspot.com/2016/09/rolex-5501-explorer.html
http://vintage-watch.blogspot.com/2017/04/rolex-5701.html
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