GUEST: It came from my great-grandfather, who was a hotelier in Winnipeg, Manitoba, and he, uh, won it, allegedly, in a poker game.

My dad was a banker in the '70s and '80s, and he used to wear it with a lot of pride.

He would wear it with a three-piece vest.

He liked the fact that it chimed.

APPRAISER: The watch is made by Jules ürgensen.

Phenomenal quality.

Everything made by hand.

This watch dates from about 1880 to 1885.

Solid gold case, 18-karat gold.

It's an 18-size case, which is a large size.

Man-sized case for a pocket.

GUEST: Mm-hmm.

APPRAISER: But mostly it would be worn in a vest, as your dad did.

As you said, it chimes.

And this is what's called a repeater watch.

It's a minute repeater that operates by the slide, a slide repeater, three-finger bridge.

It's got two hammers that strike the gongs, and the hammers are beautifully jeweled, as is the movement.

And we've also got a glass exhibition back.

Jules ürgensen was so proud of this watch... GUEST: Mm-hmm.

APPRAISER: ...that they wanted you to open it.

They wanted you to see this movement.

The case, on both sides, the hunting case, not engraved.

Typically, these would be engraved with the owner's name or initials.

GUEST: Right.

APPRAISER: This one is not.

That's unusual.

GUEST: Mm-hmm.

APPRAISER: Adds to the value.

The age of the chain is exactly the same as the watch.

We found hallmarks.

It's marked "15K"-- 15-karat solid gold.

So, that's typical of chains made in England.

I noticed the watch is fully wound and it's not running.

In its current condition, the watch on its own has a value in today's retail market of $12,000.

GUEST: Wow, didn't see that coming.

APPRAISER: The chain, being 15-karat gold, is going to have a value, by itself, $2,000 to $3,000.

GUEST: Wow.

APPRAISER: To fix this watch... GUEST: Mm-hmm.

APPRAISER: ...you would be looking at maybe $500 to $1,000.

That is going to bring the value up.

The watch and the chain, retail, $15,000 to $18,000.

GUEST: Wow.

I could throw a heck of a watch party with that.

That's pretty good.

Wow, that's pretty, that's pretty impressive.