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That seems nice enough, but bin that bloody awful old man style stretchy band and put it on a nice leather strap!
You can see where that stretchy band has already done damage to the lugs by gouging against them.
As to what it is and it's monetary value, you need to show us pix of the markings on the inside of the case back and the movement inside for us to give you an idea as to what you have exactly.
You probably should take it to a proper watchmaker to open it up.