This is a recent acquisition with the help of Tom McIntyre. The 246 is a 17J pendant set watch , with gold jewel settings and a gold train. The case is a 20 year Star case. The total production was 2000. I thing it is among the most beautiful movments that Elgin ever produced. This has what one member called the "lace doily" winding wheels.
Jerry, A lot of these are seen with fancy dials. BTW yours has a dial that looks to be very high grade, ie DS and looks to be glass enamel and is probably original to the watch.
Yes that is an original glass enamel dial. I have another watch is this "lace doily series" a 161 that does have one of Elgin's fancy dials. By now I think everyone knows I admire the grades 156,162,161,155,243 and 246. These are all low production watches and beautifully finished watches!