Chris' explanation isn't as detailed as Kent's, but it includes pictures which can be very helpful.Sometime in the next week or so, I will be moving my website from one ISP to another.The state contributed a 35 acre site and ,000 to be used for stock and materials.Their total capital at that time was around half a million dollars.However during recessions or as supply gets too big then the value will drop slightly.Yet again the good news is that it will come up again. That means there is usually a steady enough demand and they are looking for the unique piece rather than a huge profit.How to Open a Watch Case While opening a watch isn't rocket science, a watch can be damaged if you try to open it incorrectly. I find using my finger nail to be quite effective and it is soft enough to not scratch a watch case.If you really aren't sure what to do, take it to one of your local jewelers and ask them to show you how to open it.
Since turn about is fair play, Elgin lost several of the Seven Stars to the Illinois Watch Co. The Seven Stars were all machinists first and watchmakers second. Moseley and he became the factory's first superintendent. The Elgin businessmen had been informed that if they wanted the company to be located in Elgin they would have to donate 35 acres of land.
Although it is always sad to see the demise of any business, it does mean that you actually own an antique Elgin and one that will over time only ever increase in value. The average pocket watch in these recessional times has dropped in value from a few years ago.
That said, they can still be worth a considerable amount of money if you have the right one. Like any product in the market place watches are also subject to supply and demand issues and how much disposable income people have available.
This would have been a serious blow to the Waltham Watch Company to lose seven of its very best watch makers.
The friction caused by this must have been high at the time.