This is a really classic Lanco Dress Watch, strikingly good looking. 
The case is chrome plated with a steel back it has some wear but is still in good condition,the dial similarly shows some signs of wear but that doesn't detract from what is a good looking watch. 
 
Inside the case is a 17 Jewel Swiss Lever Movement signed Lanco 
 
Cosmetically overall this is in good condition and running well