Are Elgin watches valuable?

Yes, Elgin watches are valuable. The American watchmaker’s timepieces are widely favored by collectors all over the world. Watch lovers won’t likely pay more than a few hundred dollars for a vintage model, while rare Elgin timepieces, especially Art Deco-era wristwatches sporting gold cases, will fetch much higher sums. Whether or not an antique Elgin watch is a good investment, however, will depend upon factors such as rarity, condition, materials and more.

The Elgin National Watch Company was founded in Elgin, Illinois, in 1864 and was at one time the largest manufacturer of watches in the United States. In 1867, Elgin introduced its first watch — a pocket watch.

In the late 1800s, the open-face pocket watch became a staple on the American railroad. It was a requirement for railway workers to wear a pocket watch, as the timepieces were responsible for keeping conductors on schedule. This was a boon to the watchmaking industry, with companies like Hamilton, Elgin and the Waltham Watch Company producing high-grade and workingman’s watches. So-called “railroad watches” were among the finest watches of the era, and Elgin railroad watches are coveted today by watch enthusiasts.

As vintage watches of all kinds are making a comeback — even watchmakers such as Patek Philippe, Breitling and Omega are reissuing mid-century models — Elgin watches are in high demand on the secondary market.

At 1stDibs, we believe in buying what you love. Our shopping experience enables discovery and learning, whether you are a seasoned connoisseur or just beginning your collection. Buyers should keep in mind that the value of any investment is subject to fluctuation, and any investment decisions should be made according to the guidance of a financial advisor.

Find vintage and antique Elgin watches on 1stDibs.