Farmer James Steele, 95, lost the treasured timepiece in the early 1970s when the strap broke while he tended his cattle.
It is thought one of his animals must have swallowed the watch, which ended up in a cowpat in the field.
He searched the field at his dairy farm in Morda, near Oswestry, but there was no sign of the watch.
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Incredibly, half a century later, he has now been reunited with the timepiece after metal detectorist Liam King found it buried in the mud.
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"I was really pleased because I never thought I would see the watch again. I only have half the bracelet because the other half must have disintegrated.
"Unfortunately it is not going. The face has gone a greenish colour but it has not rusted up. It shows how well-made it was, to survive 50 years under a field.
Five long years, he wore this watch up his ass.
That was my first thought too
This has to be a wind-up? #sorrynotsorry
Unfortunately it is not going.
He needs to have an expert check the moovement.
A Rolex Air King! I’d be upset if I lost that to a cow too.
I can’t believe I get to be the first one to say this but…
That watch looks like shit.