Need help with Elgin and Studebaker open face pocket watches

[dingode]

We were going through some of my parent's things and came across these watches. The Elgin looks to be stainless and the back is brushed and the edge is reeded like a coin. In the bottom edge, it looks to say I.W.C.C.O Base Metal.

The Studebaker looks to be gold or a really good gold plate. It still runs, but the time can't be set, unless there is a trick to it other than pulling out on the button like a normal watch. I don't recognize the initials on the back as a family member.

The font of the numbers on both watches seems to be different than anything I can find online.

What can you tell me about them?

 

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