A collector would prefer that the case hadn't been polished so much, but overall, it's not a bad watch. Can you indicate the reference number from the inside of the case-back. Or show a clear photo of it.
Personally I wouldn't pay that price for it, but everyone is in a different position, so price can be difficult to evaluate. Pricing depends on a lot of different issues that take time and experience to understand. We don't know the details of the listing you are looking at, who you are buying it from, whether it has been serviced, is there a warranty, the size of the watch, etc.
The best best if for you to do some research and make your own comparisons by looking at SOLD eBay listings using the advanced search feature, and also by looking at sold listings in the private sales section of this forum.
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