I fell in love with this vintage 1940-50s Lord Elgin 14k white gold watch with diamonds markers and subsidiary seconds last week during my usual watch hunting.
Elgin started in 1864 and was founded by a group of men that included former Chicago
mayor Benjamin W. Raymond. For nearly 100 years thereafter, Elgin had the
distinction of operating the world’s largest watchmaking manufacturing site.
The company became an American icon and won numerous awards for its timepieces
and movements. 1967 marked the last year that the original Elgin Watch Company
produced any watches.
My Lord Elgin watch uses a Caliber 730 23 jewels movement and it has a nice engine turned bezel and the size of the watch is comfortable to wear. I have traded some non core watches plus cash for this watch this evening as part of my consolidation. Hope you like the design.
A 14k watch US$100 in 1950 is equivalent in purchasing power to about US$$1,153.31 today, an increase of $1,053.31 over 72 years. The average annual income was about US$240 meaning that a watch costing $100 will take about 40% of the monthly pay.
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