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The watch is real. There doesn't appear to be too much info on it out there though...
I just checked the Omega Vintage Information & found the following...
Hi Bill,
Seamaster
Gents' leather strap
Reference
ST 165.002
International collection 1962 - 1966
Movement
Type: Automatic (mechanical)
Caliber number: 552
Created in 1958
24 jewels
Central sweep-second hand
Case
Stainless steel
Dimensions: Ø34,3 mm
Case back
Screw-in
Full metal
Dial
Metal, with facetted relief and luminous metal stick hands.
Crystal
Armoured hesalite
Bracelet
Leather
Water resistance
30 Meters
More product information
Case : round (34,3 mm diameter)
For leather straps of 18 mm lug-size
International Collection : 1962-1966
Swiss retail price (1966) : CHF 215.-
Also available in yellow or pink gold-plated under ref. JD or JE 165.002 (CHF 245.- both).
Replaced former ref. ST 165.001
Later replaced by ref. ST 165.037
Also found with "Genève" or "Seamaster Genève" on the dial
Notice this is the non-date variant !
If / when you take it to a watchmaker, get him to write down the movement type ( 3 digit number possibly 565 ) & the serial numbner ( an 8 digit number ) along with the case Ref number ( on the inside of the case back ). Armed with these numbers you/we can 100% identify the watch.
Your's looks to be in a lovely unmolested condition. You should leave it so.
You don't state where in the world you are, so suggestion a watchmaker is a bit difficult, but there are plenty of good guys out there. ( Give us a clue & we can make some suggestions )
As to how much to spend & what is it worth .... I'd say it will never become a collectors watch & fetch prices that speedmasters of the same age fetch. As a Family heirloom, I'd get it repaired as such. Everytime you look at the watch, you will be able to think of your Uncle.
I wouldn't change the watch cosmetically. leave all the original componenst on the watch & DON'T get the case polished. As you say an overhaul of the movement & a new Crystal, should set this watch up nicely for the next few years.
I hope this helps
Steve
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