You should be able to get the movement cleaned at a local clock repair shop for around $60.00. In most cases the clock will then run fine. If there are worn, or missing parts, the price will go up from there.
The main reason for a clock of this type to need an overhaul is if the clock was run dry (without periodic oiling) for many years. This causes the pivots to wear against the bushings and enlarge the holes to the point that the clock can no longer run.
All mechanical clocks should be serviced every few years.
As far as you mentioning restoring your clock, let me give you my opinion as a collector. I almost never am in favor of restoring an antique clock. The value of the clock is directly related to how original it is. Every time something is done that is not original, such as a new finish, new dial, hands, pendulum, etc., the overall value goes down.
I would just do what is necessary to have it operate correctly and look as good as possible. After all, the charm of this antique is showing its history of over 100 years of providing the time to us.
The only time I can see a reason to do more than that is if the clock is in such bad shape, that it could never be made presentable. In that case, a clock collector would probably not keep it at all, but if it has been in your family for years and has sentimental value, that is not an option. I that case restoration is you only option.
Although it will reduce its value, that won't ever matter to your family with this clock because its value is not monetary, but sentimental.
Best wishes,
Bill
Reply to Gilbert Clock Comment by: Ethan
Thanks for the information. When I talked about restoring the clock, I didn't mean replacing parts as much as I meant cleaning the it up.
Right now the brass pieces of the clock are black, with grime from the ages it sat and the red marbling on it is all but covered. I wouldn't dream of replacing anything I didn't absolutely have to because as you said it would ruin the overall effect of the piece.
I have this same clock by: Anonymous
I have the same clock, passed down when my Grandma passed. I am sending it back to Idaho to have it worked on. I want to keep this in my family for as long as I can. I hope one day my kids will love this clock as much as I do.
ME TOO by: Pat
I also have one identical to the picture. My dad bought it for my mom many years ago in Keswick, Iowa. She gave it to me and it works great. We love the sound of it ticking and striking the time. My husband bought another old Gilbert Clock at an estate sale. It is walnut with a lighter wood wrapping around the bottom of the clock face. It has a double strike sound. At the top it comes to a peak instead of being rounded. The face is silver with gold numbers and a convex glass. The hour hand is web-like. If you know anything about this one, I would be interested. Thanks.
thanks for sharing! by: Ethan
Thank you for sharing your stories about this type of clock. It's always very interesting to hear about these wonderful time pieces. My Great Grandmother received her clock as a wedding present from her father-in-law who bought it new.