Hello. I've been holding on to a vintage VC that was a family member's. I know very little about vintage watches and was hoping to find some help on this forum. Although I would ideally keep this watch for sentimental reasons, I am more likely to sell it due to my financial situation. Besides, I'm sure a true VC aficionado would appreciate it more than me--I never wear it.
In April 2003, I had the watch appraised for insurance purposes. The description follows:
18k ("750" stamped) yellow gold strap watch by VC, case #375586. This watch features a manual wind 18 jeweled movement adjusted to 5 positions #54933/K1001, silver dial with gold markers, subsidiary second hand sweep, acrylic crystal, 17.8mm wide black croco strap with yellow gold plate buckle, fine ridged bezel and removable back case. Circa 1958. 20.2 dwt. Value: $7,350.
1. Do you think that value estimate is accurate?
2. The watch does not work very well; it runs if wound, but not for very long. Assuming the interior is just "gummed up" and no substantial work is needed, how much should I expect to pay to have this serviced by VC or a retailer?
I sincerely appreciate any advice you can offer. Thank you.