I thought I would post some pictures of my Elgin grade 348, the hunter version of the full plate grade 349.
front cover

rear cover

dial
Movement, bit fuzzy but it is free of corrosion, scratches, or any other damage.

Beautiful looking case too Claude. Thanks for showing it.
When I researched my 348, it came from a 1,000 piece run, but overall, the total made was about 3900. Still a very rare movement. One of Elgin's best of that time.

Serial Number SN Range RunQty Name Year grade size code jewels Adj/reg/etc.
-------------- -------- ------ ---- ---- ----- ---- ------ ------ ------------
11612238 11612001 1000 348 1904 348 18s hfn2l 21j Adj
1936 of 3698 in grade;
# 1915 MC shows grade as "183r", maybe this is a BWR? # I changed this from grade 183 to 348 'cause, well, I think elgin changed the grade


grade total runs first yr last yr class size code jewels Adj/name
----- ----- ----- -------- ------- ----- ---- ------ ------ ----------
348 3698 8 1903 1905 1 18s hfn2l 21j Adj / 348


Class 1: 18s HC fp
27 45000 made lever model 2-4 15-17j Adj Marked BWR, None or STD. are there really unmarked mvts?
69 29154 made key model 1 15j U-A Marked BWR or None. gilded are there really unmarked mvts? # REG_FREE or REG_ELGIN?
70 74500 made lever model 2-4 15-17j Adj Marked BWR, NWC or None. gilded are there really unmarked mvts? # some are "transitional" Either Keywind or pendant wind.
149 9600 made lever model 2-4 20-21j Adj Marked None, 149 or FT. double roller starts at 10422401
164 5000 made lever model 2-4 17j Adj some were changed to G=995
183 11702 made lever model 2-4 17j Adj Marked BWR.
348 3698 made lever model 2-4 21j Adj Marked 348.
995 1000 made lever model 2-4 21j Adj Marked FT. this is really a G=164

It must be one of those errors in the Elgin "yellow" grade book, sometimes I look at the Erhardt Elgin grade book, sometimes Wayne's site the grade book shows only 1000 made but there are errors noted on the Elgin site about the grade book maybe this is one. David I checked again and Roy E in his yellow Elgin guide book shows the 348 with one run from 12,120,001-12,121,000. Mine would end up being described as grade 183, the one you list fits in the grouping 11,612,000-11,613,000, mine fits into the run 11.185,001-11,186,000 also listed in the Roy E's guide book as a 183. When you search the grade 348 on the Elgin site, in 2000 the comment was "3K made" then 5 months later the comment is 3400 made then in 2002 the comment is 3698 made and those were the only ones sold on ebay that were captured in 2 years. I guess there was some that Roy E marked as 183's that Elgin made as 348's.