As to this question, it is what is normally called gold capped. Thick layer of gold formed over the stainless steel case. It can chip or peel. Over polishing would take a lot more than if plated, but I assume if someone wanted to , you could get through the gold cap.. I have a couple of gold capped watches and while with regular care it will always look good, but someone trying to open one can gouge or even push the cap away from the base metal. Don't see that happening here.
Watch looks good to the eye and it does have a crosshair dial. Just make sure you know the diameter of the watch. As some older Omegas do run a bit small. As I have rather large wrists, my 2828 looks real small of my wrist, so be aware.
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