Discover the true value of your old Elgin pocket watch with our expert guide. Learn about factors affecting value, price ranges, and where to sell these American timepieces.
By Appraisily TeamLast updated August 1, 2024
Introduction to Elgin Pocket Watches
As one of America’s most significant watchmaking companies, the Elgin National Watch Company produced approximately 60 million timepieces during its century-long history. Today, these antique and vintage Elgin pocket watches are cherished collectibles that can command substantial prices depending on their age, condition, materials, and rarity. Whether you’ve inherited a family heirloom or are considering adding to your collection, understanding the value of old Elgin pocket watches is essential.
A classic Elgin pocket watch featuring elegant craftsmanship and design
Founded in 1864 in Elgin, Illinois, the company quickly became known for producing high-quality, reliable timepieces that were more affordable than their European counterparts. Elgin watches were prized for their accuracy, craftsmanship, and innovative designs. By the time production ceased in 1968, Elgin had become the largest watch manufacturer in America.
This comprehensive guide will help you determine how much your old Elgin pocket watch might be worth, identify key factors that influence its value, and provide guidance on where to sell or have your timepiece appraised.
<h2 class="section-header__title">
<span>The History of Elgin Pocket Watches</span>
</h2>
<div class="section-header__body">Understanding the rich history of Elgin watches provides important context for their current collectibility and value.</div>
The Elgin National Watch Company was established during the American Civil War era, when the demand for accurate timepieces was high, particularly for railroad use. The company’s first watch, the B.W. Raymond railroad grade pocket watch, was completed in 1867, marking the beginning of Elgin’s long-standing reputation for precision and reliability.
Evolution of Elgin Watch Company
1864
Company Founded
The National Watch Company (later Elgin) was established in Elgin, Illinois.
1867
First Watch Produced
The company completed its first pocket watch, the B.W. Raymond railroad grade.
1874
Name Change
The company officially changed its name to the Elgin National Watch Company.
Early 1900s
Peak Production
Elgin reached maximum production, manufacturing thousands of watches daily.
1968
Production Ends
After over 100 years of watchmaking, Elgin ceased production in the United States.
Elgin was particularly known for democratizing quality watchmaking, producing timepieces that working Americans could afford while maintaining high standards of accuracy and craftsmanship. During World War II, the company temporarily shifted its production to military equipment, including chronometers and precision instruments for the armed forces. These wartime Elgin watches are particularly sought after by collectors today.
Throughout its history, Elgin introduced numerous innovations in watch manufacturing, including interchangeable parts and assembly-line production methods. By the time the company closed its American operations in 1968, Elgin had established a legacy that continues to influence the collectible watch market today.
<div class="section-header__body">Several key factors determine how much your antique Elgin pocket watch might be worth in today’s market.</div>
If you’re trying to determine the value of an old Elgin pocket watch, these are the primary factors that appraisers and collectors consider:
Age and Serial Number
Elgin meticulously documented its production with serial numbers that can be used to date watches precisely. Generally, older models (especially those from the 19th century) tend to command higher prices. You can use the serial number, typically found on the movement, to determine:
The exact year of manufacture
The grade of the movement
Special production details
Serial number resources are available through various watch collector websites and databases. The Pocket Watch Database is a particularly valuable tool for identifying and dating your Elgin watch.
Case Material and Quality
The material and craftsmanship of the case significantly impact an Elgin pocket watch’s value:
Case Material Value Impact
Gold Cases: Solid 14K or 18K gold cases can dramatically increase a watch’s value
Gold-Filled Cases: Less valuable than solid gold but more than plated options
Silver Cases: Sterling silver cases are desirable for their classic appearance
Base Metal: The least valuable, though sometimes historically significant
Case design also matters—elaborately engraved hunter cases (with covers protecting the crystal) typically fetch higher prices than open-face designs. Special presentations, such as those featuring railroad motifs or custom engravings for significant recipients, can also enhance value.
Movement Grade and Condition
Elgin produced watches with different “grades” of movements, ranging from 7 jewels in basic models to 23+ jewels in their finest timepieces. Higher jewel counts generally mean:
Greater accuracy
Better durability
Higher initial quality
Greater value for collectors
The condition of the movement is perhaps the most crucial factor. A watch that runs properly with all original parts will be worth significantly more than one that’s non-functional or has replacement components.
Movement Condition Assessment
Check applicable items to evaluate your watch's movement condition
Runs accurately without stopping
All original parts present (no replacements)
Clean movement with no rust or corrosion
Balance wheel oscillates freely
Jewels intact without chips or cracks
No excessive wear on gear teeth
Springs (mainspring and hairspring) in good condition
Dial Condition and Style
The dial (face) of an Elgin pocket watch can significantly impact its value. Collectors typically prefer:
Original dials without replacements or repaintings
Specialty dials (such as Montgomery railroad dials with marginal minutes)
Fancy dials with unusual features or ornamentation
Dials without chips, cracks, or excessive wear
A perfect original dial can sometimes double the value of a pocket watch compared to an identical model with a damaged or replaced dial.
Rarity and Historical Significance
Some Elgin watches are considerably more valuable due to their rarity or historical importance:
Limited production runs or experimental models
Watches with unique complications or features
Pieces with documented historical connections
Military-issued watches, especially from WWI and WWII
Watches owned by notable individuals
For example, an Elgin pocket watch with provable provenance showing it was carried by a railroad executive or military officer will typically command a premium price compared to a standard model.
Original Accessories and Documentation
Complete sets with original boxes, papers, and accessories can significantly enhance an Elgin pocket watch’s value:
Original presentation box
Purchase receipt or warranty papers
Chain or fob
Original manual or documentation
Service records
A complete set in excellent condition can sometimes be worth 30-50% more than the watch alone.
<h2 class="section-header__title">
<span>Current Market Values for Elgin Pocket Watches</span>
</h2>
<div class="section-header__body">While individual watches require specific appraisal, understanding general market ranges can help establish realistic expectations.</div>
The market for antique Elgin pocket watches remains relatively stable, with prices ranging from under $100 for basic models to several thousand dollars for exceptional pieces. Here’s a general overview of current market values:
Elgin Pocket Watch Price Ranges
Current market values as of 2024
Category
Price
Notes
Basic Models (7-15 jewels, nickel/base metal cases)
According to 1stDibs, a premier marketplace for antiques, the price for collectible Elgin pocket watches starts at $620 and can reach over $12,000 for extraordinary examples, with an average selling price of around $1,300.
Recent Auction Results
Auction prices provide valuable insights into the current market for high-quality Elgin pocket watches:
Notable Elgin Pocket Watch Auction Sales
Recent auction results for premium Elgin timepieces
Item
Price
Date
Auction House
Elgin 14K Yellow Gold Pocket Watch with 18K Fob Chain
These auction results illustrate that particularly rare or exceptional Elgin pocket watches continue to command strong prices in today’s market. However, it’s worth noting that the majority of Elgin watches sell for more modest sums, with many perfectly functional models available for a few hundred dollars.
<h2 class="section-header__title">
<span>Identifying Your Elgin Pocket Watch</span>
</h2>
<div class="section-header__body">To accurately determine your watch’s value, you’ll need to properly identify its model, grade, and production date.</div>
Finding and Using the Serial Number
The most crucial step in identifying an Elgin pocket watch is locating its serial number. Here’s how:
Open the case back (typically the rear cover pops open or unscrews)
Look for a number engraved on the movement (not on the case)
The number might be on the plate visible when the back is opened
In some models, you may need to remove a dust cover to see the movement
Once you have the serial number, you can use online databases like Pocket Watch Database to find detailed information about your watch, including:
Exact production date
Model name
Jewel count
Original specifications
Grade designation
Production quantity
Case Markings and Materials
The watch case will often have separate markings that indicate:
Material composition (14K, 18K, “Guaranteed 20 Years,” etc.)
Maker’s marks (many Elgin watches used cases from companies like Keystone or Crescent)
Patent dates or numbers
Case serial number (different from the movement serial number)
Gold content markings are particularly important for value assessment:
“14K” or “18K” indicates solid gold
“Guaranteed Gold Filled 20 Years” indicates gold-filled (a thicker layer of gold than plating)
“Gold Plated” or “Gold Electroplate” indicates a thin gold layer
Dial and Hands Identification
Original Elgin dials typically feature:
The “Elgin” or “Elgin National Watch Co.” name
Clear, crisp printing without touch-ups or repainting
Period-appropriate styling for the production date
High-quality porcelain or enamel surfaces
Original hands should match the period and style of the watch. Railroad-grade watches typically had specific hand styles for maximum legibility.
<h2 class="section-header__title">
<span>Where to Sell Antique Elgin Pocket Watches</span>
</h2>
<div class="section-header__body">If you’re looking to sell your vintage Elgin timepiece, several options exist with varying advantages and considerations.</div>
Online Marketplaces and Auction Sites
Online platforms offer wide reach but require careful presentation:
eBay: The largest marketplace for vintage watches, but requires good photographs and detailed descriptions. According to their listings, vintage Elgin pocket watches sell regularly with particularly rare examples commanding premium prices.
Etsy: Good for unique or particularly attractive vintage watches
Chrono24: Specializes in watches and has a section dedicated to Elgin pocket watches
1stDibs: Focuses on higher-end antiques and collectibles
Specialist Watch Dealers
Watch dealers can offer expertise and immediate payment:
Specialty Watch Shops: Businesses like PM Time Service specialize in vintage watches and offer fair market values
The Watch Preserve: Specializes in vintage Elgin watches and other collectible timepieces
Auction Houses
For particularly valuable or rare examples, auction houses can maximize return:
Heritage Auctions: Regularly features important pocket watches
Christie’s and Sotheby’s: For museum-quality pieces
Regional Auction Houses: Often more accessible for mid-range watches
Specialized Watch Auctions: Events like those at Bidsquare
Direct to Collectors
Selling directly to collectors can sometimes yield better prices:
Watch collector forums and groups
Local collector clubs
Watch trade shows and events
Social media platforms for watch enthusiasts
When selling, always provide as much documentation as possible, including service history, provenance, and any original accessories. High-quality photographs that clearly show the case, dial, movement, and any hallmarks or serial numbers will help secure the best possible price.
<h2 class="section-header__title">
<span>Caring for Your Antique Elgin Pocket Watch</span>
</h2>
<div class="section-header__body">Proper care and maintenance can preserve both the functionality and value of your vintage timepiece.</div>
Regular Maintenance
Antique pocket watches require periodic care to remain functional:
Professional Servicing: Have the watch serviced by a qualified watchmaker every 3-5 years
Winding Practices: If you use the watch, wind it fully but gently at approximately the same time each day
Position When Not In Use: Store the watch in a position that minimizes pressure on the balance wheel, typically dial-up or pendant-up
Storage Recommendations
Proper storage helps preserve your Elgin pocket watch:
Environment: Store in a cool, dry place away from temperature extremes and humidity
Watch Box or Case: Use a dedicated watch box with individual compartments
Soft Materials: Line storage areas with soft, non-abrasive materials
Avoid Magnets: Keep away from speakers, magnetic clasps, and electronic devices
Handling Guidelines
When handling your antique pocket watch:
Hold the watch by the edges of the case, not by the bow (the ring at the top)
Never touch the movement with bare fingers, as oils and moisture can cause damage
When opening the case, use proper tools rather than fingernails or impromptu implements
Avoid winding the watch when it’s in a position that puts lateral pressure on the stem
When to Seek Professional Help
Consider consulting a professional watchmaker if:
The watch stops running consistently
You hear unusual sounds when the watch is running or being wound
The watch gains or loses significant time
Any parts appear loose inside the case
The case no longer closes properly
The crystal is loose or damaged
Remember that poor-quality repairs can significantly reduce a collectible watch’s value. Always seek a watchmaker with specific experience in antique pocket watches.
Common Questions About Elgin Pocket Watch Values
Are Elgin watches worth anything?
Yes, Elgin watches definitely have value in today's market. Their worth varies significantly based on several factors, including:
Age and rarity of the model
Case material (solid gold watches being most valuable)
Condition of both case and movement
Jewel count and grade quality
Presence of original accessories
While some basic Elgin pocket watches may sell for just $100-300, high-quality examples with gold cases or rare features can command prices from $1,500 to over $10,000. According to auction data, particularly rare or historical models have sold for several thousand dollars in recent years.
Even modest Elgin watches have value as functional antiques that represent America’s watchmaking heritage.
How can I tell how old my Elgin pocket watch is?
You can determine the exact age of your Elgin pocket watch using its serial number:
Locate the serial number on the movement (not the case)
Open the back case (and sometimes a dust cover) to view the movement
Find the number engraved on the metal plate
Use an Elgin serial number lookup tool such as the Pocket Watch Database
The serial number will reveal not only the production year but also information about the grade, jewel count, and specific model. Elgin kept meticulous records, making their watches some of the easiest to date accurately.
Most Elgin pocket watches were produced between 1867 and the 1960s, with the company’s most collectible pieces typically dating from the late 1800s through the 1930s.
How many pocket watches did Elgin make?
Elgin produced approximately 60 million watches during its 100-year history, making it the largest American watch manufacturer in terms of total production volume. This massive production scale means:
Many Elgin watches have survived to the present day
Common models are readily available and affordable
The company produced watches in a wide range of qualities and price points
Truly rare models stand out and command premium prices
Despite this large production volume, certain models were made in limited quantities, and factors like case material, jewel count, and special features can make particular examples quite valuable despite the brand’s overall high production numbers.
Is there a market for antique pocket watches?
Yes, there is a robust and active market for antique pocket watches, including Elgin models. While not as mainstream as wristwatches, pocket watches have a dedicated collector base that appreciates their historical significance, craftsmanship, and mechanical ingenuity.
The market includes:
Specialized dealers who focus exclusively on vintage timepieces
Auction houses that regularly feature important examples
Online marketplaces with dedicated pocket watch categories
Collector groups and forums focused on pocket watches
Particularly desirable in today’s market are railroad-grade watches, military-issue timepieces, watches with unusual complications, and those with solid gold cases or exceptional artistic merit. According to Worthy.com, antique pocket watches are "unique timepieces that are in high demand" among vintage watch buyers.
Should I clean my old Elgin pocket watch?
Generally, you should not attempt to clean an antique Elgin pocket watch yourself. Improper cleaning can:
Damage delicate components
Reduce the collector value
Remove original patina that collectors prize
Introduce moisture or contaminants into the movement
If your watch requires cleaning, seek out a professional watchmaker with specific experience in antique pocket watches. They will know how to:
Safely disassemble and clean the movement
Preserve valuable original finishes
Clean the case without damaging engravings or removing desirable patina
Properly reassemble and adjust the mechanism
For basic external maintenance, gently wiping the case with a soft, lint-free cloth is typically sufficient. Remember that a watch’s original condition, even with some age-appropriate wear, is often more valuable than one that has been improperly cleaned or over-polished.
<h2 class="section-header__title">
<span>Conclusion</span>
</h2>
<div class="section-header__body">While Elgin pocket watches represent an important piece of American horological history, their value varies significantly based on multiple factors.</div>
Antique Elgin pocket watches embody a significant chapter in American manufacturing history. As products of one of America’s most successful watch companies, these timepieces combine historical significance with mechanical ingenuity and often beautiful craftsmanship. Their value today reflects not only their material worth but also their importance as cultural artifacts.
For collectors and inheritors of these timepieces, understanding the factors that determine value—from case materials and movement grades to condition and rarity—is essential for making informed decisions about purchases, sales, or preservation.
Whether you’re considering selling a family heirloom or adding to your collection, remember that professional appraisal from a specialist in antique watches is the most reliable way to determine a specific watch’s value. With proper care and appreciation, these fascinating mechanical timepieces can continue to be enjoyed and preserve their value for generations to come.
External Resources for Elgin Pocket Watch Research
