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IWC $25.00 US in Mexico, looks real???

Bought this for US $25, the crown actually unscrews and clicks out twice for date and time setting. The stopwatch is functional. There are 5 small screws holding the back plate on with a 7 digit SN. The photo does not show it but is says "T SWISS MADE T" under the 6 position. Any thoughts? Oh and there seems to be a little fish or eyeball on the crown.

Thanks -0wen

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