I picked this watch up at an estate sale this morning. It was kind of out of place among the costume jewelry and missing the crystal, crown and having the hour hand broken it looked like it needed a home.
I noticed that it was engraved, so I popped it open and was pleasantly surprised at seeing the 14K mark. Instantly it went from a much over-priced watch to a very good find. I snapped it up and then headed to work.
When I got home I put a leather band on its 19mm hooded lugs and dug up a crown that fits, although not correct it works for now.
The engraving reads: "Presented to Hon. Donald L. O'Toole March 23rd 1947 with sincere appreciation for a most valued friendship Executive Board Retail Jewelers Assoc. Greater New York"
The 'Hon." part of that engraving is what got me wondering, 'Who is Donald O'Toole?'. Turns out he was a long-time New York congressman! That's different that most of the 50yrs service watches I come across.
I haven't been able to find out a whole lot about him yet, or what his relationship with the jewelers association was, but if anyone has any information I would love to hear it.