[ncoliver]

New member here.

I'm looking for info/value on a Seiko I bought about 12 years ago. I seldom wear it---am not really into watches---and considering selling it but have no idea of value or the best way to sell. I would appreciate any guidance.

It is small (30MM?) with a leather band and Roman numerals. On the back, in a crest, is 14K and 0585, plus the # 7N01-6869.

What do I have?

Thanks

 

[Isthmus]

hi and welcome aboard. you have a 7N01-6869. to tell you more we will need to see the watch.

 

[Axel66]

Most likely you will not be able to get more than the price for the raw gold.
If I estimate the pure housing weight to 10-15gg that would translate to something around $200 - $300.
But it's hard to estimate this weight, so you might consult a trustful jeweler.
At least here in Europe I would not expect any collector's value.

Cheers,

Axel

 

[Homocaballus]

For the unfamiliar it may be interesting to know that 100% pure gold is 24 karat. 18 karat is 18/24 = 75% hence the 750.
14 karat is 14/24 = 58,5% hence the 585.

The cash value of gold in juwelry is 80% maximum as it will need to be melted an purified.

Thus the cash value of gold in a watch head or bracelet is:

weight x spot price x %purity x 80%

14k = 58.5% only and at 80% you are looking at <half spot price.

At the moment it is 38$ per gram so 14k cash value is 18$ per gram max.

B aware that it is tricky to estimate the gold weight since gold cases were/are often made thinner than ss cases to save on gold and so keep the list price down.

 

[AdamITR]

See my most recent post ...