This is a 1895 Elgin Pendant Wind and Set Pocket Watch. 
Serial number 5946968. 
Size: 618s
Jewels: 7j
Grade: 96
Model: 4
Class: 6
Run Quantity: 10,000
Production Dates: 1895.
Total Grade Production: 566,000
Movement Configuration: Hunting
Movement Setting: Lever
Movement Finish: Gilt
Plate: full plate
Barrel: Going barrel
Adjusted: No

Inside the back watch cover it says "Windsor Guaranteed 20 Years B.W.C. Co. 8675725"
Inside watch back it says "Elgin Natl. Watch Co. 5946968 Safety Pinion Elgin Ill."

This is from my late husband's family. The note from his late mother says it belonged to his grandfather or great grandfather. It is still on its rawhide lanyard as was originally worn by his ancestor. I don't believe it was exposed to smoke or perfume as there is no trace of either. My husband had it put away in his bureau and after his death in 2010,  I kept it with other things of Richard's in my room.
I don't believe it runs, but I don't want to attempt that, so sold AS IS.

 Photos show condition. No cracks in clear cover and although worn, it is a great item. If I had someone to leave it to, I would, but decided it would be better with a watch collector.