Is this a time piece? ?...or time waster??...

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If anyone can let me know if this is one of fakes...or possibly genuine? ?..appreciate your feedback. ..cheers guys
 
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Never used this forum...as you can most probably tell..just typed in watch forum's. .as I have some watches..I know nothing about. .apart from the ones my other half has brought me...so will upload the others if anyone is able to help..
 
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Probably authentic, but from a period in UG's history that does not hold a lot of collector interest.