Elgin – Circa 1873
(Elgin National Watch Co. was founded 1864)
By 1873:
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Elgin was still in its early manufacturing phase
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Most watches were key wind / key set
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Sizes were typically 18 size or 16 size
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Movements were full plate or early 3/4 plate designs
If yours is truly 1873, it is from Elgin’s first decade of production — that’s significant.
Key Wind Explained
A key-wind watch means:
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You wind the mainspring using a small key
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You also set the time with a key (unless it’s key-wind, lever-set)
These were phased out by the late 1870s–1880s as stem-wind took over.
Collectors like early key-wind pieces because:
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They represent early American industrial watchmaking
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Production numbers were lower than later mass-market models
18K Gold Case (Major Value Driver)
An 18K case from 1873 would usually be:
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Heavy
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Hand-engraved
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Often hunter-case style
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Possibly made by a premium case maker (Keystone, Fahys, etc.)
Gold value alone today could be:
$1,500–$3,500+
(depending on weight and case size)
Movement Possibilities (1873 Era)
You mentioned:
15 Jewel
Very common for better-grade watches of that time.
B.W. Raymond Grade
If it is an early B.W. Raymond, that’s strong.
Early Raymond grades:
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15 jewel
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Adjusted
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High-quality finish
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Railroad-preferred later on
An 1873 Raymond is more desirable than a basic grade.












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