ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
|
2 December 2015, 08:55 AM | #1 |
Banned
Join Date: Sep 2011
Real Name: JHP
Location: Fairview, TX
Watch: WG 18039 Day/Date
Posts: 789
|
Huge pile of Rolex gold dust
So the recent thread regarding polishing versus refinishing made me recall an nice find for a friend.........
I have a buddy who is Rolex trained and certified who branched out on his own many years ago. With all the Rolex watches in the DFW area he decided working for himself was a better proposition than working as the watchmaker for any of the large Rolex resellers (non-AD) here. He doesn't advertise or hustle for business, it's all word of mouth and he seems to stay quite busy. We've known each other since grade school and he's really quiet and low profile kinda guy. He works from a shop at his home where he will take "drop ins" if he knows you but mostly he picks up at several of the area resellers were customers can drop off their piece. Anyway, he will do full serving, polishing, cleaning, refinishing, fixing broken parts and so on. As you can imagine over time significant amounts of polishing dust and debris accumulates from his polishing wheel. He basically would sweep it up and put it in a box and forget about it. Additionally he'd shake out the area rug and sweep that into the box too. It sorta looked like a box of grayish brown dust. After a number of years it dawned on him to take it and have the PM sorted from the SS and other metals only to find he'd accumulated almost 11K worth of gold. Quite a nice pile of Rolex gold dust you might say. |
2 December 2015, 09:02 AM | #2 |
"TRF" Member
Join Date: Apr 2012
Real Name: Alex
Location: Chicago
Watch: AP,PP, Rolex
Posts: 37,156
|
__________________
Instagram: @Hairdude Watches in Collection 5070R, 5522A, 214270 MK1, 228238 16750, 26401, 5711, 116718, 116710LN, 116300, 16710"Coke", 372, 15300, 15703 (All Flipped) Official Member "Perpetual 30" Las Vegas GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member 'WIS-CON' Las Vegas Int'l GTG 2018 |
2 December 2015, 09:12 AM | #3 |
"TRF" Member
Join Date: Nov 2015
Location: Canada
Posts: 839
|
Woah!
|
2 December 2015, 09:12 AM | #4 |
"TRF" Member
Join Date: Feb 2011
Location: England
Watch: 16710, 16628
Posts: 7,757
|
__________________
GMT II 16710 TRADITIONAL ( D- Serial #) ROLEXFANBOY P-Club Member #4 |
2 December 2015, 09:16 AM | #5 |
"TRF" Member
Join Date: Nov 2014
Real Name: Kristofer
Location: Los Angeles, CA
Watch: my feet.
Posts: 2,364
|
Sounds like its time to buy himself a nice little finder's gift.
|
2 December 2015, 09:26 AM | #6 |
2024 SubLV41 Pledge Member
Join Date: Sep 2011
Real Name: Jason
Location: USA
Watch: Sea Dweller
Posts: 8,561
|
I like that story...
|
2 December 2015, 09:30 AM | #7 |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,834
|
Very cool. Did he buy himself a new Rolex?
__________________
If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
2 December 2015, 09:30 AM | #8 |
"TRF" Member
Join Date: Jul 2015
Location: San Francisco
Posts: 45
|
That's why jewelers and goldsmiths sweep their floors by hand. The dust and bits add up in the long run and in some cases tools are melted to recover the gold
Sent from my iPhone using Tapatalk |
2 December 2015, 09:32 AM | #9 |
"TRF" Member
Join Date: Mar 2014
Real Name: Mr. Daytona
Location: On the water
Watch: Panerai
Posts: 974
|
Thats just awesome.
|
2 December 2015, 09:34 AM | #10 |
"TRF" Member
Join Date: Aug 2015
Real Name: DM
Location: USA
Watch: DD-YG/DJ/Breitling
Posts: 8,899
|
I like it!
|
2 December 2015, 09:35 AM | #11 |
"TRF" Member
Join Date: Jun 2015
Real Name: Mark
Location: Washington State
Watch: SUBS and GMT's!
Posts: 9,664
|
Great story.
|
2 December 2015, 09:59 AM | #12 |
"TRF" Member
Join Date: Oct 2014
Location: LA / HI
Watch: Rolex / Patek
Posts: 475
|
Would love to see a pic of that
__________________
Spread Aloha, -MB |
2 December 2015, 10:03 AM | #13 |
"TRF" Member
Join Date: Jun 2015
Real Name: N8
Location: L.A.
Watch: 216570
Posts: 1,745
|
Awesome. Reminds me of sitting at the jewelers designing my wife's ring....small diamonds all over his desk and a few on the floor. Didn't seem to bother him.
|
2 December 2015, 10:07 AM | #14 |
2024 SubLV41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 78,136
|
|
2 December 2015, 10:13 AM | #15 |
2024 SubLV41 Pledge Member
Join Date: Mar 2015
Real Name: Richie
Location: "Nowhere Man"
Watch: out now,take care!
Posts: 29,781
|
Good for him. It's like an Xmas bonus.
__________________
"I love to work at nothing all day" TRF #139960 |
2 December 2015, 10:17 AM | #16 |
2024 SubLV41 Pledge Member
Join Date: Jun 2013
Real Name: Tom
Location: Mandeville La
Watch: 126333
Posts: 10,666
|
Hmmmmm, I would need to see how much gold actually comes off during polishing for me to buy in to this... I honestly do not know though
|
2 December 2015, 11:04 PM | #17 |
"TRF" Life Patron
Join Date: Jun 2005
Real Name: Peter
Location: Llanfairpwllgwyng
Watch: ing you.
Posts: 53,064
|
Have to agree.
__________________
ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder |
2 December 2015, 10:19 AM | #18 |
"TRF" Member
Join Date: Sep 2015
Real Name: Brandon
Location: Los Angeles, CA
Watch: Yes Please!
Posts: 6,691
|
wow pretty crazy
__________________
Rolex GMT Master II 116710LN Panerai PAM 359 Audemars Piguet RO 15300OR Follow me on Instagram: @b_jakobovich |
2 December 2015, 10:36 AM | #19 |
"TRF" Member
Join Date: Jan 2011
Location: CA, USA
Watch: Out!!!
Posts: 6,474
|
Sounds like he owes a lot of people a total of $11,000. Maybe $3.00 each???
|
2 December 2015, 10:36 AM | #20 |
"TRF" Member
Join Date: Apr 2010
Real Name: J
Location: The great Midwest
Watch: youlookinat?
Posts: 2,369
|
11k worth of gold dust? Wow. That's quite a bit. I'm starting to understand why some cases are overpolished now - LOL.
|
2 December 2015, 10:42 AM | #21 |
2024 SubLV41 Pledge Member
Join Date: Jan 2013
Location: USA
Watch: me hit Huge Lotto
Posts: 6,512
|
That's it! I'm Never polishing a watch again
__________________
“Every man Dies... Not Every Man, Really Lives.” – William Wallace - To really lives means to live your life to the fullest. It means to chase your dreams, take risks, and to love life. Since everyone’s fate is the same, why not live the best life that you possibly can? In order to really live,you must seize the day. Live each day as if it's your last and overall just do it! Today is a gift, that’s why it’s called the present... |
2 December 2015, 11:11 AM | #22 |
"TRF" Member
Join Date: Sep 2014
Real Name: Angelo
Location: Brooklyn, NY
Watch: Rolex Submariner
Posts: 42,164
|
Great story! If he would have sold the gold dust just a few years ago he would have had around 15K. Still a nice haul though.
|
2 December 2015, 12:56 PM | #23 |
2024 Pledge Member
Join Date: Jan 2010
Real Name: Chris
Location: San antonio, TX
Watch: 116610LV
Posts: 2,143
|
Really?
Gold is around $1,000USD an ounce. So he had over HALF a POUND of GOLD??? Around 300 grams of gold dust?? THat's more than the weight of a FULL gold rolex model watch! from polishing????? Am I missing something? |
2 December 2015, 01:05 PM | #24 |
Banned
Join Date: May 2014
Real Name: John
Location: La Jolla, CA
Watch: Platona
Posts: 12,194
|
And Rolex gold is not pure gold. This story has a few holes in it.
|
2 December 2015, 01:38 PM | #25 |
Banned
Join Date: Sep 2011
Real Name: JHP
Location: Fairview, TX
Watch: WG 18039 Day/Date
Posts: 789
|
No holes in the story pal......
Sorry if you don't believe it. That's entirely up to you to snipe away behind a keyboard somewhere out there in the ether. No where did I state when he actually converted the pile of dust (price of gold fluctuation) nor did I state how long he accumulated the material. For the record, the price of gold was just about at an all time high and he accumulated the dust over a period of just less than 5 years.........and remember this ain't a hobby for him, it's a full time job with many many Rolex's coming through So ya, it really did happen and ya it was a rather large pile of dust. Consider the holes closed. Oh an one last thing, you are correct that a Rolex isn't 100% solid gold but it's dang close.
|
2 December 2015, 01:49 PM | #26 |
"TRF" Member
Join Date: Jun 2014
Location: Socal
Posts: 861
|
This remind me of when I work at a lab where we sand blasted some gold products. There was a vacum that was sucking all the sand used for blasting. Every few months we would have to empty the vacum and send the sand out. The gold would then be separated from the sand and the owner of the company would get a big check for the gold.
|
2 December 2015, 01:01 PM | #27 |
"TRF" Member
Join Date: Sep 2011
Real Name: None of ya #@!
Location: Somewhere
Watch: Many! 116718 GOLD
Posts: 2,137
|
great story
|
2 December 2015, 01:51 PM | #28 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Sep 2013
Real Name: Danny
Location: Bay Area CA
Watch: Yellow Gold
Posts: 20,314
|
Cool
|
2 December 2015, 01:53 PM | #29 |
2024 SubLV41 Pledge Member
Join Date: May 2011
Real Name: Larry
Location: San Diego, CA
Watch: ROLEX
Posts: 25,663
|
Awesome!
__________________
✦ 28238 President DD 18K/YG ✦ 16610LN SS Sub ✦ 16613 18K/SS Serti ✦ 16550 Exp II Non-Rail Cream Dial ✦ Daytona C 116500 ✦ 126710 BLRO GMT-Master II ✦ NEXT-->? ⛳ Hole In One! 10/3/19 DMCC 5th hole, par 3, 168 yards w/ 4-Iron. |
2 December 2015, 01:53 PM | #30 |
"TRF" Member
Join Date: Aug 2011
Real Name: Josh
Location: Lost in time
Watch: Me Nae Nae
Posts: 9,823
|
Haha wow! A good lesson as why to never polish, especially a gold watch!
Sent from my iPhone using Tapatalk
__________________
"Sometimes the songs that we hear are just songs of our own." -Jerome J. Garcia, Robert C. Hunter |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
Display Modes | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.