I think we've been here before....
Providing the vendor makes it clear that the watch has, in some way, been refurbished, I can see no problem with the purchase, you either take it or leave it.
Most people restoring a vintage barn-find car would plan for refurbishment.
I suspect that although serious watch collectors will insist on un-restored watches, many of us take a more relaxed view if the watch is well preserved and carefully restored.
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