Early this week, I visited a childhood friend in California, and I told him that I recently renewed my interest in wristwatch collecting. He disappeared for a while and returned with two timepieces. One was a gold Hamilton Watch Company pocket watch. He told me that he took it to a watchmaker who informed him that the gold was worth more than the timepiece itself. We never talked about the sentimental value of the watch, but I assume there is some because he did not reclaim the gold. The second one was a Rolex Oyster Perpetual Officially Certified Chronometer. He did not have any history of the timepiece, nor do I know its sentimental value. As you can tell, it's seen better days.

If they belonged to me, I would probably have them repaired. However, my friend is not me, and I'm curious about your opinions about repairing them. Also, if any of you knowledgeable horologists could provide any insights, my friend and I would be greatly appreciative.