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In 1885 the Seth Thomas company took a big risk by launching a parallel industry of high-grade pocket watches. Their 18-size Model 5 debuted in 1893, starting at SN 200001, and eventually some 66,000 movements in all grades and jewel counts were turned out before production stopped in 1913. Just ten named grades were created within the Model 5 line, including the Monarch, roughly 300 of which were made for Chicago jewelry wholesalers Rogers, Thurman & Co. The 15-jewel variants have been reported in a single block of around 70 pieces, including this fully-restored pendant-set example, which has a very bright two-tone pattern, gold jewel settings, and a new alloy mainspring. The best part is the matching Monarch dial, since they are very hard to find in undamaged condition. It comes in a heavy and handsome gold-filled 20-year Wadsworth case with a blank shield on the back, a tight bow, a sharp crown, and a new beveled glass crystal.