Beautiful old watch, in good fair condition for age and use - surface wear as pictured, but should polish up a lot better if desired. Currently not working no face on watch either. Marked on clasp as EC or LEC GOLD - possibly plated, rolled? Not sure but perhaps looking at this you’ll know better than me!
Great project, well worth restoring.
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Another look has told me that some letters were faded on clasp, it appears to read ‘rolled gold’