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I don’t know if this is the rule, but the model 2 is a transitional key/stem wind. It would have been easy for Illinois to have produced these as stem wind only, without the key winder feature. Likely produced this way so that it appealed to the owner who wanted a key winder, or the owner who preferred stem wind. As a key winder, the movement was suitable either for an open face application, or a hunter case application. I have two model 2, grade 4 Railroader models in hunter cases. Interestingly, not railroad approved!
Today I am wearing this Model 1, grade 'Hoyt,' circa 1873. I have had this one for awhile, but let it sit in my 'project' box until about a month ago. I sent this one off to Chris Abell for a service. This one is my oldest Illinois, so kind of a milestone in my Illinois collection, and I thought that made it worthy of the same treatment my RR grade watches usually get, which is a service from a real watchmaker instead of me.