GUEST: This watch, uh, was bought for my great-great-grandmother by my great-great-grandfather about 100 years ago.

And I've had it for about 30 years, I guess.

They lived in a small town that's now a ghost town called Cumberland, Wyoming.

He was a coal miner.

APPRAISER: Oh.

GUEST: Yeah.

APPRAISER: Maybe he struck gold.

(chuckles) GUEST: Well, we-- we're wondering about that as well.

(chuckles) APPRAISER: The watch and the chain literally are as new.

Rarely do we see a sales receipt from 1924, and this sales receipt is incredibly complete.

It shows the serial number of the movement and the model number on the case.

So what you have is you have a 14-karat gold scalloped edged multicolored diamond Elgin pocket watch.

The serial number dates it to 1923; it was purchased in '24, so that coincides.

The watch has no mileage on it.

It was-- it was like no one ever wore the watch.

It, it still has original surfaces.

It doesn't look like it's ever been cleaned, polished, it looks perfect.

So this is a double chain, and then that's a slide, and there's usually cork inside that holds the slide, and the cork is still completely intact.

GUEST: Oh.

APPRAISER: So a woman could have worn it long, or she could have done like this, where the watch... would then be hanging here.

So, the case, these are all different colors of gold with a diamond set in the center, and then this is called a scalloped case, so the edges of the case have a scalloped edge.

And the back is unengraved, so he never put an initial on it, and the watch is absolutely perfect.

It's made by Elgin.

It's a 15-jewel movement, which is a good movement.

Not a railroad grade movement, but a very nice movement.

So, in the market today, pocket watches are not as popular as they had been.

But this is just an absolute work of art.

And it's brand-new from 100 years ago, literally 100 years as of a month ago.

The value today in the retail marketplace for the two pieces combined would be about $4,500.

GUEST: Wow.

(both laugh) Wow!

APPRAISER: The-the chain, because of the weight of the chain and the fact that it's handmade, would appeal to lots of people that would have their own watches.

So the chain is probably worth about $3,000, and the watch itself is about $1,500.

GUEST: Okay.

APPRAISER: So that's how you would combine to get $4,500.

GUEST: Thank you.

APPRAISER: Have you ever worn it?

GUEST: I have not.

(laughs) APPRAISER: (laughing) It doesn't appear anyone ever wore it.

That's the good thing, I guess.

GUEST: Oh, yeah.