On March 1, 1901, the Elgin National Watch Company introduced a new line of 18-Size movements designed for approved railroad service. The No. 239 Veritas represented the 21-Jewel option, positioned with the No. 214 Veritas (23 Jewels) and the No. 240 B.W. Raymond (19 Jewels). The No. 239 Veritas sold for $55.00 when introduced, approximately $3,000 in the modern economy.
“New Movements Issued by the Elgin National Watch Co. – The Elgin National Watch Co., Friday, announced to the watch trade that they had just issued three movements of a new 1901 model. The movements are 18 size, three-quarter plate, stem wind and are specially constructed for exacting railroad service.” [The Jewelers’ Circular-Weekly, March 6, 1901]