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They usually refer to things such as the date of manufacture, the make and model and the individual watch.
July IV MDCCLXXVI is a obviously a date. The IV part in the Roman numeral for 4 and would refer to the date in the month. MDCCLXXVI is the Roman numeral for 1776 and would be the year. So the full date is 4th July 1776. It is the Independence Day for the US. It is the date when the french gave the statue of liberty to the US,On the 4th July 1776.
Probably Roman Numerals ... indicating the date of death, perhaps. If it were, for instance, 1963 it would look like this: MCMLXIII
usually 16 digits.. expiration date underneath it after your name.. and their may be a 3 digit security code on the bank of the card by the strip line.
commencement date