Oyster Precision circa mid 1960s

Hi Graham,
What you decide to do with your watch is entirely up to you but most of us on OF will be puzzled by your decision to dispose of an heirloom, engraved with your name for a price.
I speak as one who recently posted a pocket watch given me by my parents. I can’t imagine that I would ever sell it unless times had become impossibly hard for me or my family. I hope that you’re not in this situation.
So, assuming you’re not, get it serviced and keep it safe.

The engraving on the case back is very deep. To remove the engraving could demolish the case. I have posted a picture of a Rolex case back that had been engraved at one time. The engraving was removed before I bought the watch, when I bought it, the case back was CRACKED! I took the case back to a goldsmith friend, and asked him to gold solder the crack from the outside, so as not to affect the stampings inside the case back. He did a nice job. However, if you will observe the crease that starts at the .375 stamping, and runs diagonally across the case, that was the crack. If you are bound you are going to do this, maybe have the engraving filled by someone who does laser work.

Yeah I’d echo what others are saying that’s a really nice heirloom whomever gave that to you was very cool. I mean in the end U gotta do what you gotta do. Maybe you got offers already but FYI that sending watches in for evaluation and making an offer is common practice although usually the ones I’ve done it with give you a ballpark figure. I did it with a quartz Rolex I had and I was actually pleased how it worked out. Perhaps they are being different with your watch since it’s not running.

Tough situation though you will always get more for a watch that is running but who knows what it will cost to get it running. I think it’s a cool family thing but u gotta do what u gotta do of course. Good luck whatever way u choose to go.

Your watch is possibly going to be difficult to repair, if replacement parts are required. It is obsolete. In non-running condition, you might have difficulty finding a buyer. If parts are required, it will be a costly repair, IF you are able to get it repaired! If you have it repaired and offer it for sale, taking into account the total package, you might find buyer resistance based on the price you would likely have to ask. Your best bet might be to try to have it fixed, and plan on keeping it. It’s very likely worth more to you than anyone else.