I agreee with everyone above on all counts- and welcome to the forum btw! You have gotten to see several sides of personalities here, but honestly- everyone is truly trying to be helpful- including those telling you return it if you’re afraid of potentially lurking issues- nobody is calling you names or assaulting your manhood- just simply trying to gauge your comfort level with older mechanical objects (and a little snark thrown in because we are human).
Yes, every mechanical watch is going to need a service, and depending on the watch or usage, some need more than others. The sticking hand while setting and crown backing out tells me the watch hasn’t been serviced within at least the last decade- that’s a common issue with watches that have say for years and the oils/ greases dry up and get gummy- almost impossible to set the time/date.
Omega still makes parts for these movements any worn parts should be available to a watchmaker with a Swatchgroup parts account. Any used watch I buy, I factor the rough cost of a service barring special parts needed- then I deduct that from the asking price and figure out if that makes it as attractive if a value.
I think you paid a fair price for the watch as-is, it’s in lovely condition and a service will make it a joy to own. Pick up the period correct “bricks” bracelet for it and that will up the sex appeal to 11.
You got a nice watch at a nice price and all the issues are very standard deferred maintenance issues- relax and enjoy the pride of owning something that pretty.
Oh, and my Connie says hi- and this is the bricks bracelet.
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