1900s IWC 14ct gold fob watch, cal. 64 movement, original box papers, serviced.
It is keeping time to within -2 seconds a day, having been recently serviced. 

The excellent timekeeping after 118 years of existence, shows the incredibly high quality of this early IWC calibre.
 
This is a beautiful example of a circle 1902 IWC Fob watch, property of a noble lady, with calibre 64 movement and the original box and guarantee for 1902. 
 
The fob watch is in exceptional condition and has seen very little use in it's 118 years of life. 

The case is in excellent condition. The only blemish is a small hairline fracture from 8oclock to the sub-second dial.

Guarantee is in French and German. I have included a translation in English:
 
"Watch factory Henitiers J Rauschenbach above International Watch Co. Schaffhausen (Switzerland).
We certify that the watch; 
Movement number: 547227
Case number: 613635
12 lignes in diameter
14k Carrat Gold case.
Javonnelle Iguill
Rennontior with the pendant, escapement with anchor line right, compensated cut balance, 15 Rubis, Levees visible double plate, was entirely manufactured in our workshops and regulated within. Allowing us to guarantee the highest quality".

Details on the movement calibre:
"The IWC cal 64 was introduced in approximately 1892. These were used it small fob watches at the time, but later took pride of place in IWC’s first wristwatches from 1906 until 1915. This particular example is from 1902 and is in a ladies fob watch with 14ct gold case.
The term "ancre" shows that the calibre 64 has an anchor escapement, the Swiss term for the lever escapement. These are straight line Swiss lever escapements with cut bimetallic temperature compensating balances, Breguet overcoil balance springs and 15 or 16 jewels, with some jewels set in screwed chatons. They work at 18,000 vibrations per hour. Their mainspring barrels have the patented IWC version of "Maltese cross" or Geneva stop work.
An interesting transitional movement in IWC history".
 
Please see the images as these compliment and aid the description provided below.
 
Dial:
The dial is in excellent condition, one slight hairline from 8 oclock, towards the sub second chapter ring.
 
Hands:
The hands are all original. There are some signs of corrosion, but no scratching. In good condition.
 
Glass:
The crystal is a recent replacement and is in perfect condition.
 
Crown:
The crown is original to the fob watch and has discoloured slightly, but is in very good condition.
 
Case:
The case is 14ct gold and has a beautiful tone. 
There are no dents and only light surface scratches on the case.
 
Caseback:
A very clean case back with a great shine. Some minor light surface scratching.
 
Movement:
A IWC cal 64 movement which has been serviced. 
Keeping time to -2 seconds a day with an amplitude of 270 and a beat error of 0.2m/s.
 
Case Dimensions:
Case width: 31.5mm
Case length with crown: 39mm
Case length: 31.5mm
Depth: 8.5mm