Vintage Rolex indentification

[Tools]

Value is in the eye of the beholder.

This one may have been made into a wristwatch from a small pocket-watch, which was more the norm then. From a mechanical aspect, it should be admired and respected.

Ladies cocktail watches are not high on collector lists, which is where demand dictates value. Auctions are where one may see decent return, but most of them are more family heirlooms than much else.