Omega solid 18 crt, 50 years old... selling advice needed

[TVR Beaver]

Hi Guy's.. I've just stopped my Dad selling is Gold Omega to a guy who told him it was worth a few hundred quid!!.. Having departed the said con-man (I do hope his eye get's better soon )I now have the watch as my dad who's in his 90's does actualy want to sell it for some reason?....
It belonged to his farther so is at least 50-60 years old.. solid 18 carrot gold and is in top condition.. works perfoect etc....
Does anyone have any ideas who I could try to get the best price for it?....

It was valued in 1981 at £1250.. so may have gone up a tad since then?...

Any pointers appreciated... Mant thanks...
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Edited by TVR Beaver on Saturday 12th November 21:37

[turboslam]

whats it weigh then take the movement weight say 15 grams then times £26 the current 18ct gold scrap price per gram then thats what its worth if you can then get a premium then thats a bonus

[TVR Beaver]

Mmmm.. may be... but you never see these ever. I would have thought it may be worth more than scrap?... thought old Omega's were collectable??

[SirBlade]

What's the difference between the "scrap" value of gold, and the £1111 a troy ounce everyone pays?

[turboslam]

i see them all the time but im in the trade. Due to the record bullion price they are usually to heavy which makes them scrap at more than a collector or someone wanting an omega is willing to pay and being 18ct makes it worse as it scraps at double the price of a 9ct one .like i say if you weigh it youll know the minimum its worth and if you can get more youve won

[turboslam]

£1111 pounds per troy ounce is the spot price for pure gold not 18ct

[turboslam]

and no every one doesnt pay it thats the price for brand new refined gold

[SirBlade]

So it comes down to 75% purity versus %100?

So 18ct should sell for £833?

Gold doesn't have the concept of "new" dies it?

[turboslam]

ok so i used the word new as the wrong term i should have said virgin metal meaning pure 24 carrat not alloyed gold .yes at 100% of the electronically traded price with no costs involved is £1111 per troy ounce which the equalls £833 which is £26.78 per gram .but you would not get that if you sold it to a bullion dealer 1st they have refining costs then they have all other costs associated with being in buissiness then they dont even get 100% of the price once its been refined and then they might make a profit and thats if the gold doesnt fall by more than 1% between them buying it and selling it .so all that said you could proberly get 98% of spot for 18ct which works out as £26.24 per gram .the bullion dealer would the assuming the watch weighed 100 grams give the customer £2624 and make a profit of about £25 .

[turboslam]

is the braclet integrall to the case if not you could scrap the strap which is proberly 80% of the value and put the watch on a leather strap and just keep it

[bry1975]

I agree sell the gold strap if it's removable.

[DS3R]

Melt it down????

You lot need your feckin' heads checking!

I would take it to an Omega AD, get them to date it and provide you with some info as to the movement/ model etc, and then decide what to do. Even if you pay for that it will be worth it.

You may find someone would be willing to pay a premium for the year it was made (birth year/ birthday present), or to complete a collection.

I don't think anyone could put a completely accurate price on it, because there will be so few others to compare it with. "In general" I would have thought based on it being gold, from a recognised make, in good condition, you may get someone to pay £1100- £1400 for it, although you just never know. If the right people see it, it could go for more. If no-one wants it, you might not make a grand.

You may find some comparable models at www.old-omegas.com once you know more about it.

[turboslam]

yeh but your missing the point it will scrap at more than £1100-£1400 i buy them all the time from watch dealers and they scrap them because they scrap at more than the watch is worth if the op weighs it then he will know id say the strap alone weighs a minimum of 50 grams thats £1300

[TVR Beaver]

All in, its about 58 grams (on the kitchen scales)... but the strap is joined to the case. Looks like there could be pin holes but the strap it welded (if thats what you do with Gold) over the top of them... pitty.. that would have been a good answer...
Scrap the strap and get £1300 or so.. and put a nice leather one on the watch...
.

[DS3R]

turboslam said:

yeh but your missing the point it will scrap at more than £1100-£1400 i buy them all the time from watch dealers and they scrap them because they scrap at more than the watch is worth

No, YOU are missing the point, it's a rare piece of history that could attract a buyer willing to pay a premium for what it is (a very nice watch) rather than what it is made from.

Unless you know both 1) what the watch is (and hence can work out what its value as it stands may be) and 2) how much it weighs (to melt it), you have a single sided argument. So how do you know that #2 alone is the best? You don't.

[turboslam]

1] without being disrespectful to the watch its a pretty bog standard omega they just arnt rare 2] it weighs 58 grams the movement and glass is about 10 grams so thats lets say worst ways 45 grams of 18ct that on fridays price would be £1180 .Like i said if you got more as a watch youve won but you really would be amazed what actually ends up in the pot

[turboslam]

mind you i think a jeweller could get that strap off see where the soldier is a different colour and has pooled a little into the strap this could mean its been off or repaired in the past

[eccles]

There are some similar ones ebay at over scrap value, but they are buy it now type of prices, and as we all know, you can ask what you want for a gold watch, but finding someone willing to pay what you want is another matter!

http://www.ebay.co.uk/itm/ESTATE-VINTAGE-MENS-OMEG...


http://www.ebay.co.uk/itm/Vintage-1962-9K-Solid-Go...


http://www.ebay.co.uk/itm/MENS-VINTAGE-OMEGA-BUMPE...

[londonbabe]

18k Omegas are worth a bloody fortune!
Especially with the original box.
It is worth way more than the sum of its parts. It is solid 18k gold, not plate, and that probably includes the strap, the case, the back, the face, the hands and even the numbers on the dial.

Don't even think about splitting it or changing that unique bracelet for some cheap leather number. If you want something like that buy another watch.

Edited by londonbabe on Sunday 13th November 21:42

[turboslam]

this might upset some but we buy at least 2 per month from watch traders who cant sell them they try ebay first but because of their high scrap value they end up scraping them

Edited by turboslam on Sunday 13th November 21:52

Edited by turboslam on Sunday 13th November 22:20