Asking for help/information pocket watch

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mmoirano
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Joined: Thu Sep 13, 2018 4:03 pm

Asking for help/information pocket watch

#1 Post by mmoirano » Thu Sep 13, 2018 4:27 pm

I have inherited my great grandfather Elgin pocket watch. A jeweler did inform me that it’s 14k gold. The movement number is 24836474 and the case number is 429164. I did look up the number but for someone who doesn’t know anything it still doesn’t help. It means a lot to me and any information helps. What could it be worth? Fun fact.. my great grandfather was a ganster with Al Capone. I have pictures but none of them have his watch in it unfortunately.
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JerryT
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Joined: Thu May 02, 2013 11:59 pm

Re: Asking for help/information pocket watch

#2 Post by JerryT » Fri Sep 14, 2018 12:11 am

What a beautiful watch! It looks like it was never worn and it is unusual to find a watch in such pristine condition.

According to Elgin factory records, movement number 24,836,474 was made around 1921 and has 15 jewels. The grade number (which relates to quality and cost of the movement) is a grade 312. In 1924 the grade 312 movement, by itself, cost about $20 (for comparison, Elgin movements of this size ranged in price from over $70 to as low as $13). Regardless of price, it would still be a reliable watch. The solid gold case, fitted by the jeweler, would have added another $50 to $80 to the cost.

Elgin made a lot of these, and it is a lower mid-grade watch, so the movement does not have a lot of collector value. The near-mint case, though would be quite desireable, and being an heirloom with such an interesting family history makes it even more valuable to the family.

liveinthefens
Posts: 235
Joined: Mon May 19, 2014 4:39 am
Location: Cambridgeshire UK

Re: Asking for help/information pocket watch

#3 Post by liveinthefens » Sat Sep 15, 2018 8:34 am

Here Here,

What a beautiful watch and case. What is on the end of the watch chain? It looks like the kind of thing a pipe smoker would have used.
So $90 ish for the movement and case in 1921 allowing for inflation would have been approximately $1,267.77 in 2018.
Get it serviced and wear great grandfathers watch with pride.
life is 100% fatal, so get on with it.

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