American Waltham Watch Co., Waltham, Mass., for the Portuguese Mercantile Co., San Francisco, a gold model 1892 "Vanguard" pocket watch, 18 size, 21 jewels, stem wind and lever set, adjusted, damascened nickel plate movement with lever escapement, cut bimetallic balance with gold screws, gold jewel settings, and Church micrometric regulator in a 14 karat, yellow gold, engraved scalloped edge hunting case with engraved presentation on gold cuvette and monogram on front cover, arabic numeral single sunk O'Hara style multicolor enamel dial with gilt Louis XIV style hands, serial #7448642, 148.8g TW

CASE: Front with tiny dent; Back with a few small, shallow dents; Very fine scratches on outer surface of case; Very fine scratches on inner surface of case; Lacking two hinge plugs; Case screw ledge with minor bends; Bow an incorrect replacement; Crown shell worn through; Precious metal content marked. DIAL: Excellent . HANDS: Hour with minor bend. MOVEMENT PLATES: Fine, localized scratches on plate; Ratchet wheel with fine scratches; Crown wheel core with patch of oxide; Regulator with specks of oxide; Two jewel settings with minor marring; One case screw replaced. MOVEMENT FUNCTION: Running order (winds, sets and ticks);, circa 1900