Pocket Watch Values — Part 2
One of the most common questions received here is "How can I value my pocket watch?" While a definitive answer requires expert knowledge of the specific piece, there are reliable steps any collector can follow.
Step 1 — Identify What You Have
Before you can appraise a watch you must know exactly what it is. Start with the serial number, which on American watches is stamped on the movement — not the case. Use the serial number tables on this site to establish maker and approximate date of manufacture.
Next, identify the grade (usually engraved on the movement), the size (measured in the American system from 0 to 23), the jewel count, and the case material. All of these directly affect value.
Step 2 — Get the Right Reference Book
No serious collector should be without The Complete Price Guide to Watches by Cooksey Shugart. Over 10,000 watches are listed with approximately 8,000 illustrations. While prices in any printed guide go out of date, the relative rankings of rarity and quality remain accurate and provide an excellent starting benchmark.
Step 3 — Check Current Market Prices
Use eBay's completed listings to see what your specific maker, grade, and condition has realised at auction recently. This gives a real-world market price that no printed guide can match for timeliness.
Key Value Drivers at a Glance
| Factor | Impact on Value |
|---|---|
| Maker (Patek Philippe vs generic Swiss) | Very High |
| Condition (Mint vs Fair) | Very High |
| Case material (solid gold vs base metal) | High |
| Jewel count and grade | Medium–High |
| Complications (repeater, chronograph) | High |
| Railroad grade designation | Medium–High |
| Provenance / documented history | Variable |
| Original box and papers | Medium |