cpr waltham watch

Humm.

Need some more details on this one. The serial number is too big so either it is brand new or you have a typo. You might want to check that, should be inside the back of the watch.

Can you post a photo or two?

The inside back, the inscription, and the Front would be good.

Generally, the railroads had very accurate watches. But you have to be careful to differentiate a 'retirement watch' from a 'working railroad' watch.

check your serial number against this site:
http://www.antique-pocket-watch.com/waltham-pocket-watch-serial.html

A good working railroad Waltham sells in the thousands of dollars. So it's worth your while to check.

Since you are not selling it, I assume you are keeping it as a family piece. I'd advise getting a small book to keep with it and getting as much information about the watch and it's owners as you can. It makes a much more interesting family piece then. Leave space for adding new info and people as it moves forward in your family too.

A light cleaning from time to time helps, as well as keeping it in a nice display stand. You can go contemporary, but those are expensive. Have a look at them though and you should be able to build a nice display case very inexpensively to do the same job. Keep it from moisture and wind gently from time to time (yes, I am punny!). Have it professionally cleaned only and NEVER use things like wd40 on it.

Once you have some details a better price can be given for it. Generally, for insurance purposes you add about 30% extra to cover finding and buying a replacement costs.

Hope this helps!

If you do a search on this site for pocket watch you will see that your question is a very common one, so there is a lot of info here for you to look through. I believe I have answered this same question at least 3 times in the last couple weeks myself.

Merry Christmas!