This is an Elgin convertible grade. It can be assembled in two ways, with the stem 90 degrees different. In these photos you can see two places for the winding arbor, one below and one to the right.
The secondary serial number stamps are prefixed with a sort of square-missing-the-left-side symbol.
Not all of the plate screws on this grade are the same length. To avoid interference care has to be taken to get them in the correct locations.
Find out more about
Elgin convertible grades here.
Like a handful of other American watches, these movements have a male stem in the movement. It's more commonly the opposite. Cases for these are pretty rare. This particular movement is "bare", it has no case. Over the decades every time the price of gold spikes we see a corresponding spike in irreplaceable vintage gold watch cases being melted down for scrape, all for the price of a couple months' cable bill.
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