(GUIDE) How much Gold in a President ?

[mottykytu]

I Found it on ebay, very interesting, you can read it for fun :D

Ever Wondered How Much Gold Is Really In Your Rolex?

The solid gold Rolex watch is really a thing of beauty. The typical gents Rolex President looks rather impressive due to its obvious mass and weight not to mention the price tag that goes with it. But did you ever really wonder what the actual gold value is in a Rolex President? Below we have taken an 18kt. gold Rolex and have removed the movement, the crystal and other non-gold parts. We weighed each part using a laboratory grade scientific balance. We are sure you will find the results very interesting. All values were based on the spot price of gold at $400.00 per troy ounce.

All precious metals are weighed using the troy system. One troy ounce contains 31.1 grams of a particular precious metal. There is 480 grains in one troy ounce. If the spot price of gold is $400.00 per troy ounce, the value per gram would be $12.86. Using these standards, the actual gold value in the Gents Rolex President would be $963.27.

These are the basic component parts of the Rolex. The band, the bezel ring that holds the crystal in place, the main case, and the case back.

Inside of the case back you will see that it is marked as being 18kt. It also has the decimal value of .750. This means that 75 percent of the weight is pure gold. Pure gold is 24kt. The pure gold is alloyed with silver, copper, and zinc. Also notice the official Rolex markings on the inside of the case back.

The clasp is also marked with the gold content as well as being marked with the Rolex logo. There is also a number that is the official part number for this band. This band has the bark finish.

This is the head or case ring of the Rolex. It is also marked 18kt. A genuine Rolex case will also have a Registered Design number engraved between the lugs at the 12 position. In this case, the number is 1803. Between the lugs at the 6 position you will find the serial number of the case. If you look close at this picture, you can see how Rolex machines out the lug ends and the case walls to reduce the amount of gold used to manufacture the case.

Using these parts the actual gold value of this Rolex can be determined as follows.

Case ring weights 18.5 grams. Contains 13.875 grams of pure gold. It has a value of $178.43.

Case back weighs 7.21 grams. Contains 5.41 grams of pure gold. It has a value of $69.57.

Bezel weighs 5.30 grams. Contains 3.98 grams of pure gold. It has a value of $51.18.

The bracelet weighs 68.85 grams. Contains 51.64 grams of pure gold. It has the most value at $664.09.

The total value of the pure 24kt. gold in this Rolex President is $963.27.

Remember that, today the price of gold is about 1500 usd/ ouce, (about 4 times more than when the guide was created so the value of gold may be about 900 x 4 = 3600 USD (!?)
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

[daunwaun]

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

[mottykytu]

Originally Posted by daunwaun

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

I Think the amount of gold in a new Presidental today is about more than 5000 usd, may be 5500 - 6000 usd (or even more ), the brand - name is about 2500 and 2500 for marketing and dealer charge :D (for 10.000 usd president :D)

[BarkMaster]

Originally Posted by mottykytu

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

That is accurate since the solid link bracelets weigh more and also the DDII are a little larger.

[Welshwatchman]

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.

[mottykytu]

Originally Posted by Welshwatchman

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.

Don't you see what i wrote behind the quote article ? read carefully plz

[Tools]

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..

[77T]

Originally Posted by Tools

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..

I have a slightly different view, Larry.

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...

[kkwn98]

Originally Posted by 77T

I have a slightly different view, Larry.

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...

As you know, it's the price you pay for the privilege of having gold. They all do it it and everyone who has a desire for gold laps it up.

[Bangel]

Originally Posted by 77T

I have a slightly different view, Larry.

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...

That's definitely food for thought. Hadn't looked at it from that perspective.

Have to agree with kkwn98 though. That's just the way it is if you want gold.

[Welshwatchman]

Originally Posted by mottykytu

Don't you see what i wrote behind the quote article ? read carefully plz

What I read was yet another rehash of that old old article plus a rambling addition from yourself, carefully read me me.

A little pointless.

[Bisquitlips]

I only purchase Rolexs for their gold content.

Have almost 70 in my safe and can't wait until the EOTWAWKI!!!!

[mottykytu]

lol

[Sperry]

Better goldsmiths might charge cost X4 to price their jewelry [retail].

With this basic formula, the overall price is somewhat in line.

[Jocke]

Here can yu see how "little" gold the case contains.

[77T]

Originally Posted by kkwn98

As you know, it's the price you pay for the privilege of having gold. They all do it it and everyone who has a desire for gold laps it up.

Originally Posted by Bangel

That's definitely food for thought. Hadn't looked at it from that perspective.

Have to agree with kkwn98 though. That's just the way it is if you want gold.

Originally Posted by Jocke

Here can yu see how "little" gold the case contains.

Agree completely