It is the so called wehrmact JLC you have there. No doubt. It was a special delivery but it is not confirmed that they were issued as such.
I think it is collectible, but I am a JLC military collector. But if it is a watch for daily use you are after you better look for something else.
It is rather small. It has no shock protection - I gave one of mine to my wife for use and the staff broke withon months...- and it's a plated case.
Some of the WWWs are better for wearing
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