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I am not an authority on pocket watches. Value depends largely on whether it has a gold case or a gold filled case. A 15-jewel watch is not officially a "railroad" watch. I think Elgin was probably playing off the railroad theme. Also, I would guess that a 15 jewel is probably gold filled. If the inside of the cased is marked "warranted" it is most likely gold filled. I think a 20 year case is 10k goldfilled and a 25 year case is 14k gold filled. You did not mention the size or if it is open face or a hunting case watch. What I have seen sell in antique malls is $100-200 if gold filled, $300-500 if solid gold. Hope this helps. Perhaps someone with more information will respond. Larry

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