Pocketwatch gold value estimating info

Thread: Pocketwatch gold value estimating info

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  1. #1
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    Pocketwatch gold value estimating info

    Gold scrap value in wristwatches not usually important. With gold at $1100 now in the larger pocketwatches it is making the ordinary ones hard to sell much over scrap value and not really influencing yet the total value of the fine collectibles. This is my experience, not that of a real authority. A few dealers seem to think the solid gold big cases deserve higher asking prices than warranted by demand. Sensible ones know better. Click second time for better reading.

    SEE REPLY BY ROLAND RANFFT MODIFYING MY OPINION ABOUT DEALER OVERPRICING.
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    Last edited by artb; February 12th, 2010 at 13:38. Reason: add

  2. #2
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    Re: Pocketwatch gold value estimating info

    Hi artb,

    your experence is not strange. Look at ebay: Never before in the last years
    such a lot of bare movements were offered. If watch prices were coupled to
    the gold price, nothing would happen. But if an average watch in poor
    condition can't be sold over scrap value any longer it is butchered as soon
    as the gold price is high enough.

    That's not new. Every economical crisis reduced the quantity of old watches
    with precious cases, but raised the average quality. And both will increase
    the prices in long term even more than the gold price would ever do.

    Regards, Roland Ranfft

  3. #3
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    Re: Pocketwatch gold value estimating info

    Roland: I thought of value in gold cases as similar to rare coins. Fine condition being much more desireable because less common thus more cost. Had not considered that the rarity caused by scrapping also increases value. Thus another reason for choosing a gold case as a better investment and for dealers increasing prices more than gold content value.
    I wonder what the quantity of 18K large American old pocketwatches is compared to 14K and cheaper metal types. Maybe 5%? And 18K is good scrap value to enhance the rarity. I have noticed that 18k cased watches are generally nicer than average condition. Thanks for your thought stimulating comments.
    Last edited by artb; February 12th, 2010 at 07:27.

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  5. #4
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    Re: Pocketwatch gold value estimating info

    Hi artb,

    besides butchering gold watches in two world wars, the depression of the
    30s, and the present one, there is another reason that gold watches are in
    much better average shape than others:

    They were and are expensive, and therefore better cared for. Many were only
    worn for christianing, wedding, and funeral, or may be on Sunday now and
    then, while all other watches had to do their daily job.

    Regards, Roland Ranfft

  6. #5
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    Re: Pocketwatch gold value estimating info

    I agree with Dr. Ranfft, I have seen and bought watches that were meant for a special occasion and never been used apart from that. Presentation watches are some of these, as long as you get them from the original source.
    Erik_H
    Member NAWCC Chapter 149

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