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Please consider donating to help offset our high running costs.
Quite real, a genuine Omega.
The watch was produced circa 1959, the cal 511 movement has no sweep seconds hand. It has no particular model name, just a gents Omega dress watch, and has a relatively low value compared to more collectible Omega watches because of the gold-filled case, which is not as desirable as stainless steel, solid gold, or gold capped. Also, the spotting on the dial is a condition issue that affects value. And I think it's a relatively small watch by modern standards. Finally, while I don't mind a high quality personal engraving, many people don't like them. These are all considerations that impact value. I'd estimate the value at roughly $200-$300 USD, give or take.
Here is the Omega database page.
https://www.omegawatches.com/en-us/watch-omega-other-omega-ck-14371
Servicing it will be expensive. May be as expensive at the watch(serviced). Servicing it will not add value proportionately. Wear it for some time. If you like it or it has sentimental value then you can consider servicing it. If you want to sell it, do it as is condition. You may be looking at roughly $200-400US.