I just acquired two of these movements(both in 1872-style coin cases!) and just had some idle curiosity about them. I know from reading the Oct. 1996 bulletin article on the 1872 model that this was the second grade introduced, after the Am'n. grade, and had a relatively brief run in the big picture of the 1872 model. I'm just curious how it fits into the overall 1872 line-up in terms of quality, however. Reading the 1874 catalog in my Ehrhardt encyclopedia Vol. 1, its price in a 2 1/2 oz. 18K case is higher than both the 1857 AT&Co and 1870 Crescent Street in a similar weight case. So, it seems as though Waltham considered at that time as a better grade watch than either of these. Since there are no other 1872s listed in that catalog, however, I can't directly compare them. The ones I have lack some of the niceties often associated with the better grade '72s, such as the tadpole regulator and individual numbered and screwed down pillars. They certainly seem like a nicely finished movement, though, and the gilding seems better than many lower grade watches from this period. I'd appreciate any comments and discussion on this.