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This is a vintage Lady Elgin wristwatch, likely dating from the late 1940s to the 1950s. The "Lady Elgin" line was a premium offering from the Elgin National Watch Company, typically featuring high-quality mechanical movements. Key Identification Features Case Shape: It has a classic oval-shaped case common in mid-century cocktail and dress watches. Lugs: The "lugs" (the parts that connect the watch head to the band) have an ornate, scroll-like, or "fancy" design. This specific aesthetic was very popular in the early 1950s. Dial Markings: The dial is marked with "Lady Elgin". Until about 1960, Elgin watches were marked with the full name; after that, they often just used an "E" logo. Movement: As a Lady Elgin, it almost certainly contains a mechanical manual-wind movement, usually with 19 to 23 jewels for high precision.