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As the crown doesn't look original for me (photo is quite small, so I'm not sure), I'd ask the seller, if the quickset (pressing the crown) works.
And I'm always careful, if the outside of an watch (incl. dial and hands look better than the inside).
Tissot made so many different watches, that it's hard to tell, if the watch itself is legit, but I would guess so.
The watch should be younger than 1971 (as the medallion with the serial was introduced in 1972). If you could read the serial number there, you could better date the watch with that table:
http://forums.watchuseek.com/showthread.php?p=566750#poststop

Personally I would not be interested in that watch, as there are variants with cases I like more, but I'd say $50-100 will not be a steal, nor a rip-off.

Cheers,

Axel
 
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