I would be most grateful for some help with a watch that I have been working on. The watch is an Elgin wrist watch, serial number C453730, that I bought in a not running condition. It has 17 jewels and all the original parts are there. I cleaned and lubed the watch and when reassembled, IT RAN! My success was short lived, however, because it gained about three hours per day. I moved the adjustment lever located over the hairspring, all the way toward the "S" but that made no difference whatever. One positive aspect is that the watch is consistent in it's time gain, always three hours a day. I have included a picture. Any help or suggestions would be appreciated. Thanks in advance.
Bill
Augusta, Georgia, USA