When my father passed away I inherited his 1958 Seamaster. I remember him wearing it daily for years when I was a kid but it spent the past 30 or so years in his dresser drawer. The movement didn't work at all. You couldn't wind the watch, the hands didn't move and you could hear the bumper rotor rattling around when you tipped the watch back and forth.
I took the watch to the Omega Boutique in Chicago and had them send it to Switzerland. Their estimate was around 6 months and about $1500 to service the movement and restore the dial (I am almost certain that they restored the dial rather than replacing it because they returned the watch with all the small parts they had replaced during the restoration and the old dial was not among them. Plus, they said that they had restored and not replaced it). I also had them provide me with the manufacture date and history of the watch. I knew from looking at vintage Seamasters on eBay that it was probably worth around $500. Nonetheless, the value to me was not measured in dollars and cents but rather in the memories of my father that it brings back. Eight months later I got the watch back. I wear the watch when my wife and I go out for dinner and I am delighted with how it turned out.
While some on the forum may not agree, I think this was $1500 very well spent. Every time I wear it I think of my dad. Some day my son will have it and remember his grandpa.
Here are the before and after pictures: