1 Oz Chautauqua Time Series Shifting Gears Round BU

There are five rounds issued in the Time series by Chautauqua Silver Works.  This thought-provoking series deals with how time is perceived.  Mintages were 10,000 for the first two rounds and the series and 5,000 for the final three.  This is the first round in the series.  The rounds are minted with a proof-like finish.

Obverse: The central image on the obverse is a series of intermeshed shifting gears.  A winding mechanism can be seen at the lower left.  One of the gears is the face of a clock.  The numbers are a mixture of Roman and Arabic numerals and three of the numbers (6,4, and 2) have been pushed off of the face by the 3 hands of the clock.  The significance of these numbers is not known but they recur throughout this series. A small inscription at the top reads "PATENTED 1 DEC 1945".  The top left gear bears the initials "RWK" on the spokes while the gear along the outer edge has the initials "PK" at the center.  The inscription at the outer circle to the top reads "SHIFTING GEARS" while the bottom inscription states "ON THE PERCEPTION OF TIME".  

Reverse: The reverse of the round includes the common design element and logo used on many rounds from Chautauqua Silver Works. The bullseye design includes features of a rifle's scope. Inside the bullseye, the inscription "BULLSEYE AG 47" can be found. The weight, purity, and content of "ONE OUNCE .999 FINE SILVER" surrounds the bullseye. The upper inscription bears the name of the mint "CHAUTAUQUA SILVER WORKS"  and the lower inscription contains the motto "ONE MORE OUNCE, ONE LESS FETTER". 

Edge: The edge is reeded.  There is a flat surface at the bottom bearing a 4-digit serial number.