1950's (?) Rolex Oyster Precision

[NukeMan]

Hi guys! I found the watch below at a local venue and think it is looking pretty good (I've only seen it on-line so far). The watch is described as a Rolex Oyster Precision, manual wind, 36 mm, original crown, 50's. As of now no serial number or anything else. The price equals app. 1 kUSD.

What do you guys think? Anyone with information on the model, collectability, condition based on the single picture, et cetera? My trigger finger is twitching badly (thank you TRF ) but I would like to know some more before going at it. Any feedback would be much appreciated!