PRR retiree pocket watch

[ecc-3-time]

I am brand new to the forum. My grandfather worked on the PRR as an engineer (I am told) and received the pictured watch. It is a rather low quality Elgin model 303, 12 size.
The cotton pouch intrigues me. Can anyone shed some light on the Keystone with Co inside? Much appreciated.

 

[GreyPon3]

If you look at the inside of the back of the watch case, you will probably see a similar symbol as on the bag and/or the word Keystone. This is the company that made the watch case. It is not a reference to the Pennsylvania Railroad. The bag is what the case was shipped in.
As you stated, it is a rather low quality watch. There are very few jewels in it. It doesn't even show a jewel count on it. The only one I see is on the balance staff; the rest appear to be metal.
The watch was the Timex of its day. Cheap, but kept decent enough time.

 

[ecc-3-time]

If you look at the inside of the back of the watch case, you will probably see a similar symbol as on the bag and/or the word Keystone. This is the company that made the watch case. It is not a reference to the Pennsylvania Railroad. The bag is what the case was shipped in.
As you stated, it is a rather low quality watch. There are very few jewels in it. It doesn't even show a jewel count on it. The only one I see is on the balance staff; the rest appear to be metal.
The watch was the Timex of its day. Cheap, but kept decent enough time.

Thank you so very much for your response. I thought as much!

 

[CGW101c]

My serial number list shows 25,000,000 as 1922.