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Hello @ifoundanoldomega and welcome to the forum! Heirloom watches are the best watches to have.
Based on the one picture, you appear to have a classic, manual-wind, gold-plated Omega from the early 1960s. Although it has apparently seen a lot of use, it still displays its handsome "alpha-style" hour and minute hands, raised hour markers, and a sub-second dial that was common for its time but seems quaint nowadays. The exact model number of your watch will be engraved on the inside of the stainless-steel caseback.
If you intend to wear your heirloom, you'll likely need to have the mechanical movement serviced. An independent watchmaker near you can disassemble the watch, fix or replace any broken bits, clean and lubricate the parts, and reassemble the watch into a reliable timepiece that will last you for another decade. Have the watchmaker record the numbers on the inside caseback and on the movement for your records.
From that picture it looks like the gold plate/capping on the lugs is worn through and the dial has damage. If so value if around 150-200 £/€/$. A service will be around the same or slightly more. Assuming it has sentimental value, a service is a good idea to keep it functioning and avoid any further deterioration of the movement. If it doesn’t have sentimental value and you’re considering selling, just sell as is. You won’t recoup the cost of a service in the sale price.
Do you have a rough estimate on the value of the watch today?