I see this quite a bit. This is the winding/setting gears on a lever-set, 18 size, grade 207 Elgin pocketwatch. The whole area has been slathered in what is likely a common household oil. This doesn't work at all.
Watch lubricants have very specific properties, and are used in precise places, and very, very small amounts. I use at least 3 and as many as 5 different oils on each watch.
Over oiling is one of the most common problems I see in antique watches.

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