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23 June 2012, 09:19 PM | #1 | |
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(GUIDE) How much Gold in a President ?
I Found it on ebay, very interesting, you can read it for fun :D
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And this research is based on 1803 Rolex president, it is obvious that today president (18038,18238,...) have higher weight than the vintage one :D |
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23 June 2012, 09:50 PM | #2 |
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Very interesting read, shows your really paying for brand and quality versus quantity of material.
So even is theres $4,000 in gold used today and another $2500 in labor? and another $500/watch in marketing and another $______in dealer cost Rolex is pocketing $10,000-$15,000 per presidential sold? if my odd math adds up. I'm in the wrong business. lol
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23 June 2012, 11:27 PM | #3 | |
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23 June 2012, 10:13 PM | #4 |
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That is accurate since the solid link bracelets weigh more and also the DDII are a little larger.
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23 June 2012, 11:52 PM | #5 |
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Old old old. Both the watch and the original article.
If I took my 116718 to the scrap gold place, they'd give me £4750 ($7,200) for the gold content alone. 231g, less 26g movement/glass, 205g 18ct = £4750 scrap. Perhaps the 118205 has less weight than the 116718 but $7,200 is a LOT different to $963. |
24 June 2012, 12:32 AM | #6 | |
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24 June 2012, 02:34 AM | #7 |
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Interesting, but completely irrelevant for valuation unless we all simply plan to melt our jewelry down..
Any gold jewelry costs considerably more than the market price of gold, the same way your car costs considerably more than the hundred bucks of scrap steel it contains..
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24 June 2012, 04:33 AM | #8 | |
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Quote:
Considering that the movement in a SS Daytona is the same as an 18K model. And the skilled labor time and complex tooling to machine and assemble the various SS elements into a final product are essentially the same cost as an 18K model. Then wouldn't the only real difference be the cost of the raw materials? How does a $12K 116520 become a $34.6K 116528 if the materials are only $8K different? I get it - Rolex can charge what they want - just wondering out loud here not a rant...
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24 June 2012, 07:11 PM | #9 | |
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24 June 2012, 07:45 PM | #10 | |
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Have to agree with kkwn98 though. That's just the way it is if you want gold. |
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27 June 2012, 12:56 AM | #11 |
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24 June 2012, 05:49 AM | #12 |
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I only purchase Rolexs for their gold content.
Have almost 70 in my safe and can't wait until the EOTWAWKI!!!!
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Rolex Yacht-Master 40mm (SS-YG / Deep Space MOP) 16623 Breitling Aerospace Titanium / 18K with UTC. Omega Speedmaster 3510.50 Oris TT1 Pro Diver Regulator 43MM |
24 June 2012, 04:35 PM | #13 |
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lol
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24 June 2012, 08:10 PM | #14 |
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Better goldsmiths might charge cost X4 to price their jewelry [retail].
With this basic formula, the overall price is somewhat in line. |
24 June 2012, 10:51 PM | #15 |
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Here can yu see how "little" gold the case contains.
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This message is written in perfect swenglish. What is best a custom Rolex or a Rolex that is stuck in custom? Buy a professional camera and you´re a professional photographer, buy a flute and you own a flute. |
25 June 2012, 12:37 AM | #16 | ||
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Quote:
Quote:
Agree completely
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