A "full plate" movement just means that the plates fully cover the gears, as compared to a "3/4 plate" movement, in which you can see some of the gears. In a "full plate," it's not a single piece that covers the gears, but all the plates together that cover all the gears. (Compare this full plate picture - http://www.oldwatch.com/apics/ow4428.jpg - with this picture of a 3/4 plate model - http://www.oldwatch.com/apics/ow3141.jpg - to get a sense of the differnce between a "full plate" that fully covers the gears, and a "3/4 plate," that covers only about 3/4 of the gears). A "full plate" is actually composed of three pieces - the barrel bridge, the train bridge, and the balance cock. The train bridge on the watch you're looking at has the serial number on the side facing you. The serial number will be on the underside of the barrel bridge and balance cock.
Notice also that the watch you're looking at is missing the collet from the winding arbor (the little raised sleeve around the part where you wind the watch, next to the "Elgin" engraving) - compare the picture above - http://www.oldwatch.com/apics/ow4428.jpg with your picture to see the difference.
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