Is this a Waterman?

[wmc]

This pen/pencil set was inherited with several hundred pens from my father. I would like to identify it. The pen and pencil are marked "STERLING." The top of the pen is marked 452 over 1/2 V. The nib is marked Waterman 2. The case is leather and marked with an embossed cartouche that may be just a decoration. 

I would like to make the pen functional (the pencil works). Is the section glued in? A day of soaking in water hasn't loosened it and I'm leery about using a tool.

I am also curious about these cased pen sets (I also have a Carter's set). How were they used? They seem inconvenient.

Bill

[shalitha33]

Page 33 of 1925 Catalog  https://ia802902.us.archive.org/3/items/WatermanFountainPenCatalogs/Waterman Pen Catalog 1925.pdf for pen , page 65 for pencil may be useful to check ?
Its likely hand engraved as lever bar doesn't get any engraving on other types .

Then again i'm no waterman expert so could be wrong.
 

[pen lady]

A Waterman for sure! Usually ring-tops are considered to be ladies pens (though not always) and it's interesting that the case you have is quite masculine looking.  It you are not used to servicing 100 year old pens, please proceed with great caution. This black material in your set is hard black rubber and it can be fragile and doesn't like being soaked in water!!!! The section will be friction-fit and unless the previous person working on it played a really dirty trick, it shouldn't be glued in.  You will need heat (a hairdryer works at a pinch) and section pliers of some kind and a ton of patience.  Do some research before you do anything more please.  BTW does the lead in the pencil go out and in? Early Waterman pencils were ''expel'' only.