Aurelio Joseph Portale, 1885 - 1972, purchased this wristwatch and is the original owner. He was my Great Grandfather who passed this watch to his son, my Grandfather, Dr. Joseph S. Portale, 1922 - 1982, who passed it to my Grandmother, Josephine Portale, 1924 - 2014, who stored the watch until my 18th birthday in 1995 when it was passed to me.
I kept it in storage until four months ago, when I learned I was going to be a Father. I sent this watch to Jeffrey Shimp at Time Restoration (www.timerestoration.com) to have it restored to original condition.
AJP is engraved on the back casing and is barely visible due to how often he wore it.
Watches of this age generally do have a significant amount of wear to the movement. There could be many reasons why it is losing time, it may need to be properly serviced if it hasn't been in more than 5 years. A full service for the watch would include complete disassembly, cleaning in modern fluids and reassembly and demagnetisation with regulation. Don't let anyone tell you it 'just needs some oil'.
The most common issue with these old watches is hairspring fatigue. After so many billions of oscillations, the spring is very rubbery, and this contributes to massive positional errors in timekeeping. The mainspring may also be set, but a competent watchmaker should be able to assess this properly.
A fine watch with superb heritage and history!
Subject watch could actually be Green Gold inlay on white gold, but the inlay looks yellow gold. Looks like this 1929 Unknown.
In reply to Subject watch could actually by William Smith