#220 • Waltham, Canadian Pacific Railway, 21J, 18S, 14K HC, rare

Part of 261022 - "Fall Featured Auction" Horology, Jewelry & Coins - October 1 - 22 (timed auction by Jones & Horan Auctions)

High bid $4,700.00

Status: Available

Live bidding starts Oct 22, 2026 11:00 AM EDT

APW - Waltham, Canadian Pacific Railway, 21J, Model 1892, 18S, very heavy 14K gold original Canadian-made A.W.C.Co. HC, initialed shield to front, "To Foster 1964" hand engraved to lower rear edge, gold cuvette, white enamel DS dial with Canadian market 13 to 24 hour numerals, SW-LS, main plate with frosted shield and beaver logo, fully capped lever escapement, ornate nickel damascene, s#10082699. Gross weight of assembled watch 100.1 dwt (155.7 g). A superb example of this rare railroad marked Waltham. This 21 jewel hunting case Model 1892 is by far the rarest variant among Waltham's Canadian Pacific Railway series, with a total production believed to be only 100 made produced in a single run spanning serial numbers 10082601 to 10082700. This watch has the distinction of being the penultimate, or second to last made, of the entire run! CONDITION: Mvt: Running, nearly mint cosmetic mvt condition overall, few tiny dark surface spots, two short fine scratches to barrel bridge, some scattered tiny spots of oxide to winding wheels and few to screw heads, case screws are mismatched; dial nearly flawless in visible portion with only very few short micro-fine scratches, tiny spot of paint loss to 24; nearly mint hour hand, excellent-plus minute, fine seconds with ample oxide; case shows hardly any wear, spots of marring to rear lip from past slipped openings, tiny mild ding to left front perimeter, few tiny nicks to upper-left rear perimeter and few elsewhere, excellent engine turning and engraving detail; tight bow, crown shows very light wear; glass crystal with some fine to micro-fine scratches. Estimate: $5,600 - $7,200 JH-79923