Originally Posted by Doug Fattic

I don't know anything about pocket watches but the gold coin on the chain is valuable. I can't tell enough from the pictures but is that a quarter eagle (2 1/2 dollars) or half eagle (5 dollars) coin? It is written out on the bottom of the reverse side (written either 2 1/2 or five dollars - just like that). The two are almost the same except size. I can read that the date is 1908. If it is a half eagle with a S mint mark (meaning it was minted in San Francisco) it has extremely low mintage (82,000). Strangely while low mintage usually = greater value, not so much with the 1908 S half eagles (unless it is nearly uncirculated and then the value explodes).. Anyway depending on what coin it is, it probably has a value between $500 and $1000.

The mint marks can be found all the way to the right edge of the coin by the eagle's feet. There are 3 possibilities, no mint mark (meaning it was minted in Philadelphia) or a D (Denver) or a S. You have got me really curious about whether that coin is a quarter or half eagle and whether - if it is a half eagle - it has a S mint mark. Be sure and let me know or I will die of curiosity.