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American Waltham made some of the best designs of the railroad era - watches that not only were beautiful with tight tolerances and superior alloys - but were easy to service and made with components that couldn't get mixed up. Their 16-size Model '99 was introduced just before the turn of the century and was the platform for dozens of grades, lasting for well over a decade. The 17-jewel Royal was one such grade, offered with brushed winding wheels, gold jewel settings, and a gold star regulator. All of the factory jewels on this example still survive intact - an increasingly rare thing -which was just restored for the next owner. A set of correct blued light spade hands front a double-sunk Arabic dial, an upgrade over the standard pressed dial, and it's all in a nickel-silver salesmen's case with snap-on covers, beveled glass windshields, a sharp crown and a tight bow. Matching lanyard and display stand included.