1868 J. Jurgensen Minute-Repeating Watch
GUEST:
This watch belonged to my great-grandfather, who had a seat on the New York Stock Exchange. He had come up from Baltimore, and I believe the watch was connected to... as a gift or purchased at that time.
APPRAISER:
This is the story of a lot of watches. There's a wonderful presentation inscription inside the watch and the date "1868." Now, what's interesting about this watch really is that it's a state-of-the-art 1868 watch. We've heard of a lot of the watch companies that are still around such as Patek Philippe, who made wonderful watches in the 19th century, and this is a watchmaker who was very highly regarded in the 19th century and is nearly forgotten today. His name is Jules Jurgensen. Now, he was Danish, but the watch was made in Switzerland.
GUEST:
Oh! I thought it was New York.
APPRAISER:
Now, when you bought a watch like this, it was fairly expensive, so you got a lot of accessories with it. Now, in this case, it's come with its original box, it's got a spare main spring inside it here, a spare crystal, and a guarantee certificate. And if we looked at the other side of the guarantee certificate, we'd see that it was rated for keeping time. These are sort of underappreciated, but that doesn't mean that they're not very, very special in their own way. If we take the watch off the hook and hold it here... You're familiar with setting a watch by turning the crown. Jules Jurgensen invented what was known as bow setting. To set this watch, you push the bow down very carefully and then turn the crown. And if we then move the bow back up, the watch winds. This is characteristic of Jurgensen watches. But what's really special about this is that you can tell the time without even looking at the watch. This is what's known as a minute repeating watch. So if we activate it with the slide on the side of the watch, and I will hold it up here... (watch chiming) You can hear it chime the hours. "Ting-tang" is for the quarters. (laughing) And then a few "tings" for the minutes. Inside the front cover, there's a very interesting inscription.
GUEST:
It's inscribed to William Lemmon, who was my great-grandfather.
APPRAISER:
These watches were highly desirable in the 19th century, still are today. A few years ago, it was not such a valuable watch, but recently, when these have been selling at auction, they've been bringing prices between $12,000 and $18,000.
GUEST:
That's great! (laughing) Really nice. (chiming)
Appraisal Details
Executive producer Marsha Bemko shares her tips for getting the most out of ANTIQUES ROADSHOW.
Value can change: The value of an item is dependent upon many things, including the condition of the object itself, trends in the market for that kind of object, and the location where the item will be sold. These are just some of the reasons why the answer to the question "What's it worth?" is so often "It depends."
Note the date: Take note of the date the appraisal was recorded. This information appears in the upper left corner of the page, with the label "Appraised On." Values change over time according to market forces, so the current value of the item could be higher, lower, or the same as when our expert first appraised it.
Context is key: Listen carefully. Most of our experts will give appraisal values in context. For example, you'll often hear them say what an item is worth "at auction," or "retail," or "for insurance purposes" (replacement value). Retail prices are different from wholesale prices. Often an auctioneer will talk about what she knows best: the auction market. A shop owner will usually talk about what he knows best: the retail price he'd place on the object in his shop. And though there are no hard and fast rules, an object's auction price can often be half its retail value; yet for other objects, an auction price could be higher than retail. As a rule, however, retail and insurance/replacement values are about the same.
Verbal approximations: The values given by the experts on ANTIQUES ROADSHOW are considered "verbal approximations of value." Technically, an "appraisal" is a legal document, generally for insurance purposes, written by a qualified expert and paid for by the owner of the item. An appraisal usually involves an extensive amount of research to establish authenticity, provenance, composition, method of construction, and other important attributes of a particular object.
Opinion of value: As with all appraisals, the verbal approximations of value given at ROADSHOW events are our experts' opinions formed from their knowledge of antiques and collectibles, market trends, and other factors. Although our valuations are based on research and experience, opinions can, and sometimes do, vary among experts.
Appraiser affiliations: Finally, the affiliation of the appraiser may have changed since the appraisal was recorded. To see current contact information for an appraiser in the ROADSHOW Archive, click on the link below the appraiser's picture. Our Appraiser Index also contains a complete list of active ROADSHOW appraisers and their contact details and biographies.