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gold-filled version
Pretty much the same as Erich and the others noted.
I have boxes of such projects.
There is nothing wrong with these old bread and butter watches. They are well made and were quality watches in their day. The value is the emotion they bring. If the watch makes one feel good, then enjoy it.
As a project watch I probably would not offer more than 35USD. More if part of a job lot where there are parts I could use.