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From the American Horology Archive:
Elgin National Watch Co.

Grade: 351

Lord Elgin

Manufacturer: Elgin ?
Manufacturer Location: Elgin, Illinois ?
Movement Serial Number: 12718223 ?
Grade: 351 ?
Variation: Lord Elgin ?
Model: 7 ?
Class: 41 ?
Estimated Production Year: 1907 ?
Run Quantity: 500 ?
Grade/Model Run: 1 of 2 ?
Grade/Model Total Production: 600 ?
Variant Est. Production: 500 (16S-M7-P) ?
Grade/Model Unrealized Production: 1,400 ?
Size: 16s ?
Jewels: 23j ?
Jewel Material: Ruby & Sapphire ?
Jewel Setting: Gold Settings (Screw-Set) ?
Movement Configuration: Openface ?
Movement Finish: Nickel ?
Movement Signing Style: Old English ?
Movement Inlay Color: Black ?
Movement Setting: Pendant ?
Plate: 3/4 Plate ?
Double Roller: Yes ?
Barrel: Jeweled Safety ?
Train: Quick ?
Regulator: Moseley ?
Hairspring: Breguet ?
Pallet Jewel Material: Ruby ?
Standard Dial Type: Double-Sunk ?
Adjusted: Yes ?
Adjusted to Position: Yes ?
Adjusted # of Positions: 5 ?
Adjusted to Temperature: Yes ?
Adjusted to Isochronism: Yes ?
Railroad Grade: Yes ?
Movement Markings: Lord Elgin U.S.A. 23 Jewels 5 Positions Safety Barrel ?
Case: Various ?
Run ID: 5648.351G1.16S1237.167M320.O1812.P3322.23J23 ?
Data Research: 1909 Elgin Serial List
1915 Elgin Serial List
1927/1950 Elgin Serial List
?
Database Version: v52.978 ?
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Registry Population: Scoped for This Run Only: 25 (5.00%) ?
Research Note: Elgin Serial Lists designate two separate runs for Grade 351: 12,718,001-12,719,000 [1,000] 15,159,001-15,160,000 [1,000] However, evidence exists to support that only the first 500 or the first run and only 100 of the second run were manufactured. Furthermore, the first run is pendant-set while the second run is lever-set.