Day Date 18k YG...weight in gold worth?

[chland7]

Hi,

Probably a silly question, but I'm curious does anyone know at the current price of gold...what a standard DD in 18k gold would be worth purely based on its weight in gold?

Trying to find any way(s) possible to justify buying this watch hah.

Chris

[GFEAR]

It's full melt value is usually in in 5-6k range

[gwalker]

Its worth much more as a watch than as scrap gold.

[padi56]

Originally Posted by chland7

Hi,

Probably a silly question, but I'm curious does anyone know at the current price of gold...what a standard DD in 18k gold would be worth purely based on its weight in gold?

Trying to find any way(s) possible to justify buying this watch hah.

Chris

Posted this quite a while back now so do your own calculations on todays scrap gold prices for 18kt.The typical gents Rolex President looks rather impressive due to its large mass and weight not to mention the large price tag that goes with them.But the actual gold value is in a Rolex ? like all gold watches are in reality very poor value for money .Below is a breakdown of a 18kt President . Without the movement, the crystal and other non-gold parts. Each was weighed using a laboratory grade scientific balance.Now all the values were based on the spot price then of gold at $400.00 per troy ounce,so do your sums on todays price.

Now 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.Now If for example we use the above spot price for gold at $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 just $963.27.

The 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.And contains just 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 largest value at $664.09.

So based on todays gold prices total weight of 18Kt gold approx 121gram so approx $4575.

[ExpII]

Based on Padi's numbers, 121g comes out to 3.89024033 Troy oz (thanks Google Calc). The current price of gold is 1707/troy oz so that gives $6640 (USD).

Like the man says, "Do you want to pawn it or sell it?"

[padi56]

Originally Posted by ExpII

Based on Padi's numbers, 121g comes out to 3.89024033 Troy oz (thanks Google Calc). The current price of gold is 1707/troy oz so that gives $6640 (USD).

Like the man says, "Do you want to pawn it or sell it?"

That price is for pure gold 24Kt Rolex watches are 18Kt.

[KingTafari]

Originally Posted by padi56

That price is for pure gold 24Kt Rolex watches are 18Kt.

100% Correct!

[GFEAR]

$4960 as of this am :)

[hhh007]

<<< The 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.And contains just 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 largest value at $664.09. >>>



Using these figures, the watch contains 74.9 grams of pure gold. With gold spot now at $1706.00 per oz. that puts a gram of pure gold at $54.85

So 74.9 grams X $54.85 = $4108.26

[BarkMaster]

Originally Posted by chland7

Trying to find any way(s) possible to justify buying this watch hah.

Chris

Think of it in terms of being a preservationist. You are protecting a watch from being melted down. Does that help?

[hhh007]

Well gold has moved up about another $100.00 since my last post the other day, so here's the new figures based on $1800.00 spot:


The watch contains 74.9 grams of pure gold. With gold spot now at $1800.00 per oz. that puts a gram of pure gold at $57.87

So 74.9 grams X $57.87 = $4334.46



Incidentally, for the watches melt value to hit $5000.00 gold spot would have to go to right about $2076.00 oz. or up about another 15% from here.

[Cocobaci]

What is the total weight of a 118238 day date yellow gold?

[raf823]

so this is due to the fact that the watch is an amalgam of metals created by Rolex.... not solid gold? correct?

[Jim Smyth]

Resurrecting a 8 year old post, ok I'll bite. I assume padi's assumption was based on a 36mm President? So the Larger 40/41mm President should be more gold especially with the solid links?

[envuks]

Originally Posted by raf823

so this is due to the fact that the watch is an amalgam of metals created by Rolex.... not solid gold? correct?

This is not specific to Rolex, but more so a standard in the jewelry industry. 14k= 50% pure, 18k = 75% pure. 24k = 100% pure.

It’s very rare for anything to be make in 24k as it’s very soft. Gold is mixed with other metals for durability and other reasons

[raf823]

Originally Posted by envuks

This is not specific to Rolex, but more so a standard in the jewelry industry. 14k= 50% pure, 18k = 75% pure. 24k = 100% pure.

It’s very rare for anything to be make in 24k as it’s very soft. Gold is mixed with other metals for durability and other reasons

got it... thanks

[Isochronous]

Today the melt value of a 36mm DD is $4,656 at $62.16 a gram for gold. The watch has increased in value more than gold has.

[goldfixer21]

post removed

[goldfixer21]

Originally Posted by envuks

This is not specific to Rolex, but more so a standard in the jewelry industry. 14k= 50% pure, 18k = 75% pure. 24k = 100% pure.

It’s very rare for anything to be make in 24k as it’s very soft. Gold is mixed with other metals for durability and other reasons

14 karat gold is 58.5% actual gold

[SS Oyster]

It gets worse if you try to justify a platinum model based on metal price vs MSRP.


Sent from my iPhone using Tapatalk

[JSCP]

The cost of 18k yellow gold is 46.65$ pre gram

[Al1969]

It’s been almost 11 years. Let’s hope the OP decided by now.

[Isochronous]

Originally Posted by JSCP

The cost of 18k yellow gold is 46.65$ pre gram

At this point in time spot gold is $62.92 a gram. Check comorbidity prices before you melt your Day Date.

[JSCP]

Originally Posted by Isochronous

At this point in time spot gold is $62.92 a gram. Check comorbidity prices before you melt your Day Date.

that’s not for 18kt that’s price for pure gold

[Isochronous]

Originally Posted by SS Oyster

It gets worse if you try to justify a platinum model based on metal price vs MSRP.

"Spot" on. Platinum spot back in the day was higher than gold; platinum is an industrial metal where gold is more of an "investment". At this point in time spot price for platinum is $31.57 a gram.
Gold is $62.92 a gram.

A gold colored steel President bracelet costs $50. Does it take $3,000 to $6,000 in labor cost to work with gold as opposed to steel? That is the cost of after market 18k gold bracelets subtracting the value of the metal. A genuine Rolex bracelet costs much more.

A titanium bracelet and case costs $1,500 above a steel bracelet and case on a Grand Seiko. That is justified as titanium is much more difficult to work than steel.

Pay to play with gold and platinum.

[Isochronous]

Originally Posted by JSCP

that’s not for 18kt that’s price for pure gold

Of course, there is no spot price for anything less than 24K gold. That's why they do an acid test on the scrap.
White gold has silver mixed in. Does one get the silver scrap when one scraps white gold?

I just noticed you said 18k gold. That's an unusual way to quote a price.