Waltham is the T model Ford of watches; They are very common.  That’s because there were millions sold. And that’s because they were not only technically brilliant in their time but beautiful as well. 

This example in 9ct gold with delightfully thin hands and fine roman numerals has a highly polished and decorated 17 jewel movement. The balance is bi-metallic with timing screws and a brequette hairspring. It is mechanically superior to just about anything that has been produced in the last 50 years. Yet in 1903 (the year that this beauty was produced) it was little more than standard equipment.  110 years ago a buyer looking for a good watch would consider a Waltham like one today would consider a Seiko. 

And I bought this immaculate example with perfect enamel dial at auction for not much more than it’s gold value.