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Elgin National Watch stock certificateDated 1925 Two unique vignettes:Father Time holding a watchEagle holding a watch with a ribbon in its mouth and the word ELGIN on it The Elgin National Watch Company, often shortened to Elgin Watch Company, was a major American watchmaker that existed from 1864 to 1968. Here’s a summary of their history:Founded in 1864 in Chicago as the National Watch Company, it aimed to compete with the Waltham Watch Company.They lured key watchmakers from Waltham and established their factory in Elgin, Illinois by 1867.By the late 1880s, Elgin became the world’s largest producer of mass-produced watches under president T.M. Avery.In 1909, they built the Elgin Observatory for precise timekeeping and in 1920, opened the Elgin Watchmaker’s College.Peak production reached around 2 million watches a year in the late 1920s.Elgin made significant contributions including the first railroad-approved wristwatch and the “DuraBalance” design for improved accuracy.The company struggled with the advent of quartz watches and ceased operations in 1968.Elgin watches are still popular among collectors due to the vast number produced and their historical significance in American watchmaking.
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