Melting down a Gold Watch

Okay, so that caught you by surprise huh?

Well, here's my question.

Grandma BNB MAY be passing down her gold watch worth over 12k+ to yours truly. (God why am I telling this to you!)

My question is.

Could I melt the watch down ? Obviously I'd have someone do it.

How much would a practice like that cost and is it even worth it? Maybe I should sell it and rebuy gold nuggets with the money.

 

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If it's really worth 12k, then unless it's the biggest watch the world has ever seen, it's not 12k in gold. Therefore, it's worth more as a watch than as a melted piece of metal.
Guy~

 

Very distinct point!

So maybe sell it and with the money buy 12k worth of gold.

Again, this is all speculation because I probably won't sell it and put it in storage very far away.

 

OR you can post this in the bullion section. Crazy idea, huh?

 

Thats a better idea.

 

Funny guy..

You know, my mistake. I totally overlooked that there was a bullion section.
If I could move this thread I would, but maybe a mod could help me out.

Sorry about that!

 

I agree with the others. It seems a lot of it's value is probably the kind of watch it is and not so much of the gold per se...


I mean, if you had a Mercedes S Class, and melted down the metal, you would not get $80,000 worth of metal for it....

 

then why buy a mercedes? I'd just buy $80K worth of silver

I like to melt things

 

Give a man a CAT and he is a slave forever.

Give a man a torch and he can melt the world.

Jim

 

You've gotta be kidding! No gold watch case (and chain?), I am aware of, weighs (weigh) over 12 troy ounces which would make melting it (them) more worthwhile than selling it intact as a cased watch. In any event, if you ever do have a watch case (and chain) you wish to melt, do remove the face, hands, movement, etc. before sending it off to the refinery. In that way you will maximize your take since many movements fetch a good price even uncased. I should add that if this is a pocket watch, it would not generally be sold with any attached chain since chains were usually add-ons, i.e. chains were purchased separately. In rare cases, where a chain and watch were made and sold as a set, selling the set in its entirety generally fetches a much better price than selling watch and chain separately.

 

Can we all see a picture of this watch?

 

Sir, didn't you read the post carefully?

I do not own it. This is all a big "MAYBE"..

 

I know you don't own it. I just figured maybe you would have a picture, that's all..

 

I have scrapped a lot of watches and even the biggest chunkiest pocket watch I have ever scrapped was around $1,500 of gold with the chain.

 

Now that must have been a big watch and chain .
rzage

 

It was!!

 

would you melt down a a double eagle?

 

no, most times those coins have a premium.... unless counterfiet of course.

 

Just gotta say it...Flava flave! OK, I'm done now. When my grandpa passed the begining of this year, he left a gold watch to my uncle. Took it to a coin shop to see what it was worth. $400 to them, melt value. But this watch was special and I knew it. It's a retirement watch from Ford circa 1920 something. Engraved by Henry Ford! A watch dealer offered $10K later that day and it had a broken glass and needede to be cleaned. Needless to say, no sale. PS there are sometimes rubies used in the watch movement as well.

 

lol flava flave.. yea a big watch.. no not really lol.