Pre-2000 (Pre 118238) YG day date value

[sond86]

I read an interesting post i agree and borrowed the info below

And would like some input on Approx. Values of older yellow gold day dates for belo (assuming reasonable condition pres band)


double qik. __________ w/diamond dial ________
Single qik ___________
None qikset ____________





Below snipped from another thread:
So I find it odd how it took Rolex 30+ years to fix this problem. This is why the Rolex 118238 model has made the older models obsolete as far as resell value goes. I asked a AD "If i had a older model DD and my band stretched could I purchase a new model president band from Rolex?" and the answer was "No, you get a band that matches your old model", on top of that if your watch was too old and Rolex no longer carried that band you would be forced to go aftermarket. I then said "Is it true that a President band will stretch after 10 years of daily wear, and that it would cost 11k for Rolex to get you a new one?" and the AD replied "that is quite accurate". So basically if you bought a DD that is not a new model (year 2000+) your basically doomed for aftermarket parts.

For a watch that is suppose to last a lifetime, the band could have used some vitality...thats pretty much saying every year owning a DD is going to cost you $1100 if you want to avoid aftermarket parts. I dont see how your "watch would go up in value" with this kind of maintenance you would on the contrary lose money. These new solid center links are suppose to be the end all solution to band stretching, if thats the case the new 118238 models are worth the extra coin if your buying pre-owned being 30% heavier in gold and unstretchable, a smarter financial plan for down the road. Then again this might all be more AD BS and myths because I have a TT DJ Jubilee which has not stretched with daily wear, it is a watch from 1992.

[BarkMaster]

They'll always be worth at least scrap value, which is more than can be said for their stainless brethren.

"Greekbum" seems to be tapped in to current pricing on these. PM him and see what he thinks. Or better yet, ask him to post it here for all to see!

[sond86]

Originally Posted by 777

They'll always be worth at least scrap value, which is more than can be said for their stainless brethren.

"Greekbum" seems to be tapped in to current pricing on these. PM him and see what he thinks. Or better yet, ask him to post it here for all to see!

I found this post somewhere below that scrap value was about a grand @$400 an ounce so it would be about $3k at 1200 per oz


Day Date gold

18kt. gold Rolex and have removed the movement, the crystal and other non-gold parts. We weighed each part using a lab grade scientific balance. *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.

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.

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."

[BarkMaster]

Originally Posted by sond86

I found this post somewhere below that scrap value was about a grand @$400 an ounce so it would be about $3k at 1200 per oz

That's about right.

[veidtadrian]

Good info in this post..be great to see more info though!

[hhh007]

<<< Below snipped from another thread:
So I find it odd how it took Rolex 30+ years to fix this problem. This is why the Rolex 118238 model has made the older models obsolete as far as resell value goes. I asked a AD "If i had a older model DD and my band stretched could I purchase a new model president band from Rolex?" and the answer was "No, you get a band that matches your old model", on top of that if your watch was too old and Rolex no longer carried that band you would be forced to go aftermarket. I then said "Is it true that a President band will stretch after 10 years of daily wear, and that it would cost 11k for Rolex to get you a new one?" and the AD replied "that is quite accurate". So basically if you bought a DD that is not a new model (year 2000+) your basically doomed for aftermarket parts.

For a watch that is suppose to last a lifetime, the band could have used some vitality...thats pretty much saying every year owning a DD is going to cost you $1100 if you want to avoid aftermarket parts. I dont see how your "watch would go up in value" with this kind of maintenance you would on the contrary lose money. These new solid center links are suppose to be the end all solution to band stretching, if thats the case the new 118238 models are worth the extra coin if your buying pre-owned being 30% heavier in gold and unstretchable, a smarter financial plan for down the road. Then again this might all be more AD BS and myths because I have a TT DJ Jubilee which has not stretched with daily wear, it is a watch from 1992. >>>




IMHO the above is filled with half truths and speculation.

[sond86]

Most of us probably agree on the band stretch and high replacement cost

Its Kinda like buying a 65 mustang fir 3k new, then today spending 20k to restore it

Originally Posted by hhh007

<<< Below snipped from another thread:
So I find it odd how it took Rolex 30+ years to fix this problem. This is why the Rolex 118238 model has made the older models obsolete as far as resell value goes. I asked a AD "If i had a older model DD and my band stretched could I purchase a new model president band from Rolex?" and the answer was "No, you get a band that matches your old model", on top of that if your watch was too old and Rolex no longer carried that band you would be forced to go aftermarket. I then said "Is it true that a President band will stretch after 10 years of daily wear, and that it would cost 11k for Rolex to get you a new one?" and the AD replied "that is quite accurate". So basically if you bought a DD that is not a new model (year 2000+) your basically doomed for aftermarket parts.

For a watch that is suppose to last a lifetime, the band could have used some vitality...thats pretty much saying every year owning a DD is going to cost you $1100 if you want to avoid aftermarket parts. I dont see how your "watch would go up in value" with this kind of maintenance you would on the contrary lose money. These new solid center links are suppose to be the end all solution to band stretching, if thats the case the new 118238 models are worth the extra coin if your buying pre-owned being 30% heavier in gold and unstretchable, a smarter financial plan for down the road. Then again this might all be more AD BS and myths because I have a TT DJ Jubilee which has not stretched with daily wear, it is a watch from 1992. >>>




IMHO the above is filled with half truths and speculation.

[hhh007]

Yup, I agree 100% that the cost of a full replacement 18K band on an older model President is probably cost prohibitive and not a good investment unless you plan to keep the watch indefinitely or it has sentimental value etc. However, I also feel the issue of band stretch is overplayed on older Presidents as I've seen many that have bands in very good condition and they're not that hard to find in the marketplace. When I see an older one offered for sale with a badly stretched band that looks like it's literally falling apart, I have to wonder what the heck that person did to stretch the band that badly other than normal wear.

I myself have a 1987 model with a bark finish band that is virtually like new, and a friend of mine bought an 18238 brand new many years ago and wears it nearly every day, and his band is also still very tight. All Rolex bands regardless of style or metal will stretch over many years time and more so IMO if they are worn very tight on the wrist and not maintained and kept clean. The newer style solid President bands will also stretch over time just like any other band depending on how they're worn and maintained.

As far as older model Presidents being obsolete regarding resale value, I think that may only apply to ones that have not been taken care of by the previous owner(s) which would also apply to other models as well IMO.