The phrase refers to a specific type of antique timepiece. It denotes a pocket watch manufactured by the Waltham Watch Company, an American enterprise. These timepieces are further characterized by their construction, specifically using gold as a primary material for the watch case, and their origin within the United States. Examples of these items can range from intricately engraved hunter-case models to simpler open-face designs, all bearing the mark of the Waltham company and crafted from gold.
These timepieces hold significance for several reasons. Their value stems from the inherent worth of the gold used in their construction, the horological expertise of the Waltham Watch Company, and their collectibility as historical artifacts. The Waltham Watch Company played a pivotal role in the development of American watchmaking. Timepieces manufactured by the company symbolize an era of industrial innovation and craftsmanship. Their gold composition adds to their desirability, both as investments and as tangible representations of a bygone era.