Cartosx asked:
> Need help identifying what this is and what it's value could be?
Several of this forum's identification-helpers have already answered about what it is, and its dollar value. The reply from Robot was particularly helpful.
But although nearly everybody wants to know the age of their unidentified object, you did not ask. Folks usually are especially interested about age when the object is a "gold" pocketwatch. So I checked about its age for you.
Your pocketwatch's face is marked "INCABLOC" -- which is written in what is called Plain Block lettering. Here's a link to the Wikipedia entry for Incabloc... which is a version of "shock (impact) protection" that was invented in 1934. Thus, that year is the oldest your watch can be. The presence of the "Military Time" numbers (00-24 hours) on its face in addition to the usual 1-to-12 hours, makes me suspect yours was made sometime between World War 2 and the end of the Vietnam War era.