In good condition, this has the potential to be a good watch. But it looks like it has a lot of miles on it. You should talk to a watch repair technician who is versed in the servicing of vintage watches. Ask around for recommendations. Avoid the kiosk at your neighbourhood mall that does "watch repairs"! They are generally specialists in fitting batteries and bracelets, and doing swap-outs on cheap, modern quartz watches. A complete servicing might be pricey, depending on what is needed. But being your grandfather's watch, it will serve you well, and, looked after, could give you years of pleasure and reliable service.
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