The price seems fair to me. The dial and hands are nice, so the watch will face up nicely on the wrist. The case has obviously been polished too much for most collectors, but probably not enough to bother anyone other than a collector. There is pitting that suggests moisture ingress at some point, and the movement has been treated a bit roughly. So if you are going to give this is a gift, you would want to factor in a full service by a trusted watchmaker. As you know, the watch is fairly small.
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