According to the Waltham database, your watch is a model 1883, grade 84, 15-jewel, open face pocket watch, size 18 (men's watch), unadjusted, with a Breguet spring balance. The manufacture date is 1898.
The value of the watch depends largely on the metal composition, appearance and condition, which was omitted from the question; however, "grade 84 unadjusted" indicates the movement was utility quality, and likely has a metal alloy, brass or plated case.
Comparable Waltham watches have been appraised at $100-$300, and have been selling at live auction anywhere from $60-$210.
[December 2010]
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