Vintage Omega Genève Day-Date With Moisture Patina

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Hello, I’m looking for some guidance on a vintage Omega Genève Day-Date that I’m considering buying from a seller in Indonesia. I am planning to get it for my upcoming University graduation. I've never purchased an "expensive" piece before, and I am looking to get something significant. I am really fond of omega, and I think this would be the only model that I like at this price point, though better-conditioned ones tend to go around 700-1100 USD.

Watch Information
• Model: Omega Genève Day-Date
• Reference: 166.0174 / 1660174
• Movement: Cal. 1022 automatic
• All original parts except the bezel and plexiglass

Condition Notes
• Movement runs but currently deviates around +3–5 minutes per day
• It has no service history
• Visible oxidation/corrosion mostly around the inner caseback lip area
• The exterior case itself is not deeply pitted
• Internally, the movement looks relatively clean from the seller’s photo (no obvious rust on screws or plates)

My intention isn’t to restore this to mint condition. I actually like the dial and case the way they are. I want to keep all pieces as is, except the movement, which I want to make it work as well as possible. Sort of rough on the outside, clean on the inside situation.

So I wanted to ask: Do you think $350 USD is a fair price given the dial condition and case corrosion? I will, of course, take it to be serviced, but I am not sure what the worst-case scenario is in terms of spending.

I am not sure if I am taking too big a risk, and the movement might be permanently f-ed.

 
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Contact your insurance provider . Prep for a rectal......
 
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That is a badly water damaged watch, it is worth very little at this point, I wouldn't pay more than $150 for it. You can buy actual good vintage Omegas for the type of money you are considering paying for that ruined watch, it looks like someone found it on a boat-ramp at low-tide.
 
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The person selling that watch will find it very hard to sell. If you seriously want it, just offer some very small amount.