Sold on IHC Auctions at 18:00 hrs on Friday 1-20-12. This auction had a reserve of $2,500. Buy it now of $3,000.00 I had offers of $2,500 from some stand up guys. But I think it is worth more. You be the judge. 23 jewel 163 TypeI model Illinois 16 size with about 3,800 produced.
With magnification of 50X power. The top of the lugs by the crown show some brass. and also some grime. Just remember to get your microscope out to see it.
With about 50X to 100X power you can see the case back showing a tiny amount of wear. it is not new old stock. But was only carried for 2 services from a watchmaker.