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In terms of general buying power, £500 is equivalent to approximately £49,000 today and would have purchased quite a grand house. Unfortunately I don’t know what sort of watch that would have been but it may well have been a gold cased "complicated" watch such as a repeating chronograph.
The Ludgate was shown in 3 sizes, although more were available, and in silver ranged in price from £5.50 (£540 in todays money) for an open faced watch to £9.10 (£900) for a half hunter. Gold watches ranged from £12.60 (£1,200) to £29 (£2,800).
They also claim the watch has “maintaining power” to continue the action during winding, this is rather misleading, a "going barrel" movement maintains power during winding without any special features, what they are probably trying to do is to avoid mentioning that the watch is a “going barrel” type rather than the much more expensive Fusee which was still common in the English market and generally (in UK) considered superior and which required an additional mechanism to provide maintaining power. The very cynical might also think that they were trying to imply the watch was a Fusee.
The “True chronometer” balance referred to was a cut compensating balance already in fairly widespread use, particularly in better American watches.
|Top left section showing small (top) and medium size (bottom)|
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|Bottom left section showing large sized watches.|
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