I saw an Omega 14K watch and bands in excellent condition being offered by a bullion dealer. We weighed it and it scaled at over 2 ounces. Figuring .585 X the weight, it seemed a good deal at $1800. Is there something I am missing here? I realize the innards of the watch do account for some lost weight but not much. It looked a lot like this piece, but it was from the 1980's: http://cgi.ebay.com/Omega-Mens-14k-...574336826?pt=Wristwatches&hash=item230eee0b3a
Depending on the exact model, the inner mechanism can weigh between 10-16 grams of various non-gold metals. That's not a bad price, although not an amazing deal. Assuming that gold will continue to climb, it would still be a decent investment. On the plus side, as long as it still functions properly it will still have some collector value as well.
Interesting, the mechanicals and glass would only weigh 10-16 grams? I would have thought more. Does this also apply to Rolex's, etc?
With Rolex's, you are paying big $$ for the brand. The Omega is a slim watch in comparison. The 14K is pervasive throughout the unit.
True that you do pay a premium for the name "rolex" but you are also paying for perfection. Not to mention that there are several models that contain 40+ grams of 14kt, 18kt, and even Platinum along with diamonds.
If you are looking for a slim watch with gold accents, do some searching for Zenith watches. Zenith has been a major name in watches for quite some time. In fact, the original movement inside of Rolex watches was a "zenith movement." Keep in mind, however, that to find a nice Zenith with say 18kt rose gold accents you need to plan on spending around $8-$12k.
A while back, I bought a (I wanna say 1998) Proof $25 AGE "CoinWatch" brand wristwatch. It's packed away somewhere; I haven't seen it for years. The CoinWatch company had a deal with the US Mint for a couple of years, but the Mint got a new director that said "The US Mint isn't in the jewelry business" and stopped providing coins to the company. I believe the watch company still makes watches from coins of other countries (I've seen Austrailian CoinWatches). I have no idea how many AGE watches were made and haven't seen any come up for sale in a long time. I'm sure the coin has no numismatic value because they must cut the coin (somehow) to make the watch. It still makes a beautiful watch, though.
Rolex use Zenith movement in their Daytona models til about 6 yrs ago.nowadays all Rolex movements are made inhouse.
