Given great grandfather's watch, wondering if anyone has any details.

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I got told this was bought for $300 by my great grandfather but the receipt and anything that came with it to help identify it is long gone, I was hoping someone could help me out.
 
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Looks like an 1980's one.
 
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What you need to know will be inside the watch. Take it to a watchmaker and ask them to open the case, take pictures of the movement and inside of the caseback.
 
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Gold plated 80’s piece.