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baller24 · 7 August 2012, 11:38 AM

I got a 1966 Presidential Rolex at an estate sale. The watch is not very attractive to me but I got a really good deal. Anyone know if there is more value in this watch as gold content than as a sellable watch for someone to wear?

thanks in advance.

jk88 · 7 August 2012, 11:43 AM

Some pics would be nice

horseco · 7 August 2012, 12:14 PM

Quote:

Originally Posted by jk88

some pics would be nice

agreed...

77T · 7 August 2012, 12:34 PM

Agree that pictures help. But it would be unlikely the grams of gold in it would have more value unless the movement is trashed.

DJJon · 7 August 2012, 12:44 PM

There have been threads on this before. The gold Presidential bracelet can be weighed, depending on # links I will guestimate it at 80 grams wt, being 18K gold that is 75% by weight, or 60 grams pure Gold. Add 6 grams for the crown and dial markers, again 75% by wt to account for 18K, and that's 4 more grams. We're now at 2 Ounces Troy Gold and have yet to account for the gold watch case. Add another 20 grams pure gold for that and call it a day at 84 grams or roughly 2.7 Troy Ounces, again this is very very non-scientific. At spot gold today of roughly $1600. per Troy Ounce, we have a ROUGH ESTIMATE of $4,320 melt value.

I can guarantee you the watch is worth way more than that no matter what the condition.

Remember Gold Prices are in Troy Ounces = 31.1 grams.

ROGERWILCO357 · 7 August 2012, 02:15 PM

wow the crown and hands = 6 grams that is alot of gold at almost 40 bucks a gram for 18kt..

7 August 2012, 11:38 AM	#1
baller24 Banned Join Date: Feb 2012 Location: dallas Watch: SS Daytona Posts: 111	How much gold is in a 1966 Presidential? I got a 1966 Presidential Rolex at an estate sale. The watch is not very attractive to me but I got a really good deal. Anyone know if there is more value in this watch as gold content than as a sellable watch for someone to wear? thanks in advance.

7 August 2012, 12:34 PM	#4
77T 2024 SubLV41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 41,922	Agree that pictures help. But it would be unlikely the grams of gold in it would have more value unless the movement is trashed. __________________ Does anyone really know what time it is?

7 August 2012, 11:43 AM	#2
jk88 "TRF" Member Join Date: Mar 2012 Location: Miami Posts: 82	Some pics would be nice

7 August 2012, 12:44 PM	#5
DJJon "TRF" Member Join Date: Nov 2011 Real Name: Jon Location: USA Watch: DJ - Need Sub Bad Posts: 1,889	There have been threads on this before. The gold Presidential bracelet can be weighed, depending on # links I will guestimate it at 80 grams wt, being 18K gold that is 75% by weight, or 60 grams pure Gold. Add 6 grams for the crown and dial markers, again 75% by wt to account for 18K, and that's 4 more grams. We're now at 2 Ounces Troy Gold and have yet to account for the gold watch case. Add another 20 grams pure gold for that and call it a day at 84 grams or roughly 2.7 Troy Ounces, again this is very very non-scientific. At spot gold today of roughly $1600. per Troy Ounce, we have a ROUGH ESTIMATE of $4,320 melt value. I can guarantee you the watch is worth way more than that no matter what the condition. Remember Gold Prices are in Troy Ounces = 31.1 grams.

7 August 2012, 02:15 PM	#6
ROGERWILCO357 Member Join Date: Aug 2011 Location: Michigan Watch: Submariner LV Posts: 580	wow the crown and hands = 6 grams that is alot of gold at almost 40 bucks a gram for 18kt..

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