Chris Ozdoba has also written up a good explanation of how to open a watch case.Chris' explanation isn't as detailed as Kent's, but it includes pictures which can be very helpful.
"New" refers to a brand-new, unused, unopened, undamaged item, and "Used" refers to an item that has been used previously.
The Online Database for the Elgin Watch Company can tell you a great deal of information about your watch, based on just the serial number off the movement.
We just don't know how to assign a monetary value to that.
The definitive guide to collector's value of antique and vintage watches is "The Complete Price Guide to Watches" by Shugart, Engle, and Gilbert.
Sometime in the next week or so, I will be moving my website from one ISP to another.
In theory, this should all be transparent to everyone and there should be zero downtime.
When asked this question I often reply "Would you like to sell it? This watch belonged to my grandfather and it's the only thing I have to remember him by," they have answered their own question.
The simple answer is that your watch is worth whatever it is worth to you...
While their altruism was vital to the war effort, Elgin’s patriotism ironically opened an opportunity for the Swiss.
By 1964, after a Mid-Century decade that saw the rise of the elite “Lord and Lady Elgin” series, the original Elgin factory closed.
Benson "The Ludgate" pocket watch is hallmarked for London 1890.