Treasure Hunters Roadshow; Was i given the right advice?

I went to the Treasure Hunters Antique Roadshow in Winter Haven Florida. I took my Dad’s Rolex watch, some old coins and some Gold. I offered 1 for my Gold at a Pawn Broker the week before.
The man I was sent to see was an English guy, he took one look at the watch and said its a fake. I was outraged, it was my fathers pride and joy, he could see I was upset so he took a closer look. He explained a few things what was wrong with the watch, he said he was 110% sure it was a replica, then said a low grade replica. He told me to throw it away as it is a counterfeit and its illegal to own such a watch.
He seemed nice, so I showed him my gold to test him, he quoted me 8.13, so I took it. He also bought some old coins off me, I was happy with what money they paid me. He seem to know his stuff where watches were concerned, I noticed he was wearing a Rolex.
My question is, should I take his advice and throw it away? I asked what he would give me for the watch and he said "Nothing, Its worthless"

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