Tell you what!!! It's real because I bought it myself in 1996. Still have the damn original receipt. Smart ass! I was just wondering if it might have increased or decreased in value.
It has likely increased in value but you might want to hold off selling it until Gold recovers to near or above 2011 and 2012 Gold prices. It is hard to give a value of a Gold Watch when no Karat purity is stated and then one with Emeralds when very few records of sales of such a watch has occurred. The Model number might help in any searches but searching for similar Seiko Alaskan Gold Nugget or Gold Nugget watches with the same Karat purity will likely be the best way to get an idea of what folks are paying for such a watch!