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As the caseback inscription states, this watch has been made by LePhare- which was known for making movements with complications like the minute repeater.
This, as a combination of a chronograph and minute repeater is a great piece. I believe we have said it quite a lot of times, that we do not provide valuations.
 

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There's not a lot left to say that hasn't been said-it's a chronograph/minute repeater and the 14K case is in superb condition.
 

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the number 56 is the Russian hallmark for the gold ,content equivalent to 14 K

<<The Russian standard for silver was based on ' zolotnik '. The name comes from 'zoloto' meaning gold. The unit originated as the weight of a gold coin of the same name which circulated as late as 11th century in Kievan Rus. Originally, a zolotnik represented a 1/96 of a pound, later 1/72 of a pound. In the metric system, one zolotnik equals 4,266 grams, 96 zolotniks equal one Russian pound.>>

Russian silver hallmarks: identification of silversmith, town and assayer's marks ... punzoni ... poincons -page 1A-

regards enrico
 

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The patent referenced on the movement was filed in 1896, so the watch was made after that. Such patents normally become outdated and cease to be referenced after a decade or so, and I think cease to be valid (unless extended) after 20 years, so that would be the timeframe that this watch was made.
Espacenet - Original document
 
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