Confirm what I think

[Transcon]

Picked this up at a swap super cheap, didn't really know what to look for so I figured why not and bought it. Got it home and started to look closer and things just didn't seem to add up. Just started the process of looking for a jubilee for my 1675 and always liked the big crown clasp. Might have just wasted a few bucks if my suspicions are correct but I thought I would check with you guys who might know a bit more as there might be something I'm not seeing. The way I figure it it, this will turn out to be a cheap lesson learned and the search will continue or I could be pleasantly surprised (doubting that) Trust me, this isn't a troll thread to rip anyone off, if its crap then off to the bin it goes. Take it easy on me, I'm still new at all of this. Thanks in advance guys