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The Columbus Watch Company was formed in 1874 by German immigrant Dietrich Gruen, producing only around a half-million watches before the factory was purchased by the car-building Studebaker brothers just after the turn of the century. Their 18-size model was available in open-face and hunter configurations in both lever-set and a half-dozen pendant-set arrangements. This 16-jewel example appears to be an entirely original combination, an increasingly rare thing in these greedy times of flippers and scrappers. It's been freshly cleaned and restored with a new alloy mainspring and new enamel in the plate engravings, with all of its original jewels still in their polished gold settings. It fronts a Roman-numeral dial with the full signature and red subs behind blued fleur-de-lis hands and a glass crystal. The Columbia gold-filled case is in exceptional condition with lids that don't overextend, tight hinges, and a matching crown and bow.