Rolex gold

[WARVET]

Are we getting our moneys worth on the all gold models? When I do the math the numbers don't add up as far as what Rolex is selling their gold for. My wife says stick with the stainless models and buy a nice 18k bracelet for the right hand, What say you?

[Lol-x]

You will definitely pay a premium if you buy a new gold model.

A used but excellent condition gold model will save you potentially many $1,000's.

At least a Rolex is more pretty on your wrist (and useful) than a gold bar strapped to it

[TRW]

As little as a few Days ago there were Deals from some of the Respected Members for all 18K Models for Waaaaaaaaaaay cheap.Anyhow,do your Homework

[TRW]

Don't know exactly what You might be after,But here is just one example.Mike(Invision)had his 116718 GMT2c Listed here for close to 30 percent off not long ago.Theres a whole bunch of Reputable sellers here that you should Touch base with

[Tools]

What math ???? Jewelry never sells for the value of the materials, and neither does a Rolex.. (or a Coach or Luis Vuitton bag, etc.)

As Steve mentioned, if it is a concern and you can't afford to buy new, buy used where somebody else has taken the initial devaluation.......

[JJ Irani]

Originally Posted by Tools

What math ???? Jewelry never sells for the value of the materials, and neither does a Rolex.. (or a Coach or Luis Vuitton bag, etc.)

As Steve mentioned, if it is a concern and you can't afford to buy new, buy used where somebody else has taken the initial devaluation.......

Spot-on!! If you take the actual weight of the gold and compare it what you've paid, you'll feel like you've been completely ripped off!!

Let me give you a concrete example:

List price of SS Sub-date 16610 = US$6,000

List price of TT Sub-date 16613 = US$9,300

So in reality, the MSRP of the TT model is a whopping US$3,300 extra for a bugger all amount of 18K gold you get in exchange.

Of course, you will get a much better discount on the TT model, but at the end of the day, it's what you like and what price you're prepared to pay. If you like gold, especially yellow gold, then you won't mind paying the extra $$$.................but you'd still be paying a helluva lot more for the actual gold you get in return.

JJ

[WARVET]

I see your point,I just was looking for a justification why 6 oz of 18k should cost an extra 10k, If I had the money I would but the 116718 for sale

[JJ Irani]

Originally Posted by WARVET

I see your point,I just was looking for a justification why 6 oz of 18k should cost an extra 10k, If I had the money I would but the 116718 for sale

That is one good looking watch................and that is also the reason why gold watches drop so drastically in value.

If you can pick one up cheap and really love gold, go for it. Gold does have its own characteristic look, but may not be everyone's cuppa.

Good luck - JJ

[alxforschnr]

Spot prices per ounce is for 24kt. If you want gold for investing look at the ETF GLD. I think it will pull back but then snap up. IMHO

[Michael M.]

I would only buy a gold model used. The old 16618 retailed for 24500USD, a AD near me has a used 2005 model with box&papers, for only 13850USD! That's a 10k discount!!

[WARVET]

Originally Posted by Michael M.

I would only buy a gold model used. The old 16618 retailed for 24500USD, a AD near me has a used 2005 model with box&papers, for only 13850USD! That's a 10k discount!!

Yeah, The Blue 16618 is a stunning watch, I have seen some as low as 10k on here, that seems like a good deal, some I have seen look like the bracelet is quite loose though, I would not want to have to order a new all gold bracelet from Rolex

[HL65]

Originally Posted by Tools

What math ???? Jewelry never sells for the value of the materials, and neither does a Rolex.. (or a Coach or Luis Vuitton bag, etc.)

As Steve mentioned, if it is a concern and you can't afford to buy new, buy used where somebody else has taken the initial devaluation.......

Exactly--Well said !!

[Wolfgang427]

If you thought gold models are bad look at the platinum models and see how out of wack the math is.....

[Renoir]

Originally Posted by SteelerFan1965

Exactly--Well said !!

Also, I think that we're really talking about scrap value. The additional cost is attributed to the labor, craftsmanship, etc., that is necessary to produce the watch.

As for platinum, from what I understand, it is a more difficult and labor intensive material to work with, so the cost is passed on to the consumer.

[Shade]

Well in weight wise you get much more gold kn your bracelet for the same price you pay for a Rolex. But then again, there's the workmanship cost, the delivery cost, and many other incorporated costs involved. It would be much cheaper if your gold watch is made by a private goldsmith, but will it be a Rolex?

You can say more the same about stainless steel. Are they actually worth what you're paying for in ss models? I don't think so..

[hhh007]

<<< You can say more the same about stainless steel. Are they actually worth what you're paying for in ss models? I don't think so.. >>>



Yes I agree. How can people talk about the price of the gold models being out of proportion to their actual precious metal content, yet in the next breath talk about an all stainless model being a better value? At 1347.00 spot, 18K gold is currently valued at just above $1000.00 per oz. whereas the value of 904L stainless per oz. is pretty much next to nothing.

[burger'n'fries]

Take a bar of gold and turn it into a watch or a piece of jewelry. I doubt you'll charge only for the value of the gold used. Think about the cost of skilled labor, industrial manufacturing, international advertising, etc. Rolex isn't paying for it, you are.

[Jinder]

http://halmartins.com/watch/rolex-wa...prod_1405.html

Not bad really?

[rangrov]

Hi guys let us try to equate this in real terms, in the UK 18k gold is scrapping for aprox £21.00 a gram an all gold sub weighs 225grms that is £4725.00 worth of scrap, then you sell the movemnt as well for a bonus. the new price of the sub is £18500.00 but with the with discount you can get them for £12000.00sh new or £10000.00 used, the stainless steel sub c new price is aprox £5000.00, what is its scrap weight of stainless, 0. so if we take the £5000.00 off a second hand gold sub you are actually paying £5000.00 for it and it scraps for £4725.00 so in fact it is only costing you £275.00 for an all gold submariner which looks like a million dollars.........ha ha ha work that out

[Andad]

Great logic Paul and absolutely amazing calculations.

[rangrov]

Cheers bud, its weekend i allways get carried away at weekend,

[Andad]

[WARVET]

thanks Paul you just convinced me to save for a used all gold Sub

[InVision]

My 18K GMT IIc weighs 240 grams which probably equates 180 grams of 18K (.75) gold. So ~ $6k of gold value. The SS runs $7275 or so. So a gold 18K GMT IIc is really only $13k and change. But the older ones had much lighter bracelets so be careful.

I paid quite a premium for my GMT and still love the watch a lot, trouble is I obtained my Grail DD so when I have the chance to wear a fancy watch like the 18k GMT, I almost always wear the Meteorite DD. I am currently looking for a Platty DD to dress down some. Most folks have no idea it is not just SS. Now there is a dilemma !!

As far as gold Rolex watches go I have learned a valuable lesson. Go with a devalued pristine watch with the features you want and you won't take a great big hit.

Mike

[unclesallie]

Originally Posted by InVision

My 18K GMT IIc weighs 240 grams which probably equates 180 grams of 18K (.75) gold. So ~ $6k of gold value. The SS runs $7275 or so. So a gold 18K GMT IIc is really only $13k and change. But the older ones had much lighter bracelets so be careful.

I paid quite a premium for my GMT and still love the watch a lot, trouble is I obtained my Grail DD so when I have the chance to wear a fancy watch like the 18k GMT, I almost always wear the Meteorite DD. I am currently looking for a Platty DD to dress down some. Most folks have no idea it is not just SS. Now there is a dilemma !!

As far as gold Rolex watches go I have learned a valuable lesson. Go with a devalued pristine watch with the features you want and you won't take a great big hit.

Mike

agreed! and not only that, buy from a trusted seller, outside the AD's shop, and you will save even more. in fact, a hell of a lot more!

and now, i'm about to hear how you only want a new watch from an AD.......

so be it........vive la difference!

[Renoir]

Originally Posted by InVision

I am currently looking for a Platty DD to dress down some. Most folks have no idea it is not just SS. Now there is a dilemma !!

Mike

Mike,

What's cool is when people that are familiar with precious metals notice it. It really has a different hue to it than SS.

[WARVET]

Mike your watch is #1 on my wish list. Do you think you will regret selling the watch?

[Lol-x]

Originally Posted by Tools

Jewelry never sells for the value of the materials, and neither does a Rolex.. (or a Coach or Luis Vuitton bag, etc.)

If the Louis Vuitton belt I got on e-scam(bay) is not 100% I am going to be one very unhappy monkey. Crazy high prices for that stuff even on the bay
Seems much harder to tell fakes too (than Rolex ) on the internet