I have done a decent amount of research online. This watch was originally purchased from the United Kingdom, made its way back to Schaffhausen, and now it's traveling the world with me!
Based on my research, it is a watch IWC made in 1952 for the military, however, the more research I do its hisotry starts to get muddy. Initially I was told it was made for the British military, but the more I read the less confident I am that is correct. It seems that IWC supplied a number of military watches to a number of countries. I included a picture of the box that came with the watch. perhaps this will help. The box, assuming it actually goes with this watch, would seem that it is a country other than Britan.
Any information on its history would be really appreciated!!
Below you can see some of the WW 2 watches the Britan's Ministry of Defense had contracted to be made. Mine is obviously not one of these as the time period is much later. IWC watch is on the bottom row, third from the right.