This is a big No Buy to me.
Bringing any -69 speedmaster back into a good condition from this level of neglect is a challenge, both on the patience, the wallet and the hunting skills.
This one has rust in the movement. While it is possible to get a rusted movement running, remember rust is a chemical reaction eating into the metal. The parts will never look clean enough to pass an Omega standard service QC and would be replaced if sent to them. The problem is that a rusted movement might have most parts damaged, even if slight. I am sure it can be made to run, but it will not be pristine again.
The number does not fall in range for this case back. This may not be a speedmaster movement, or original to the watch.
The dial and bezel are incorrect for the case back - later service replacements, NOT vintage as described.
The value in a -69 is all about the dial, and nowadays the bezel. This has neither, and a movement that is rusted, doesn't run, and of dubious origin.
A -69 dial is around $200 but finding it will be hard now. A -68 transitional dial to suit the movement will be nigh on impossible. This dials are as hard to find as a dial for a 2998. And the thing is, you don't need any old dial, what's the point? You need an attractive one.
As prices rise, we see more an more of these awful bags of bones coming onto the market. The price tempts in naive buyers who then become disolutioned and end up with a similar pile of junk, just one they have spent $k's on with little improvement to the overall desirability.
As others said. Spend more money on a better watch.
Well done for asking here first, rather than after the purchase!
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