If you had the chance to purchase a P1...

[BENRUS]

How much would you pay?, or what is its true value?
(Working example with the early p2 style module in nice condition.
Watch band has date-code of 11/71)
Does anyone know the weight of a P2 module in penny-weight or grams? (so I can calculate gold value of watch without the module)
Actual picture:

Thanks for any help

[Huertecilla]

The exáct gold value is not critical as the value in spot price is virtual only and the cash scrap value fluctuates on the guy buying the gold.
Unlike bullion, the value of scrap gold objects is 10-20% below spot.
In the case of the P1 the non-gold weight is within the fluctuation.

Secondly, the gold value is totally irrelevant since the watch has collectable value far beyond the cash scrap value.
So much more than any foreseeable value increase of gold to make that irrelevant too.

The P1 is a collectable object disconnected from it´s material value.

If you intend to keep it, simply enjoy it for what it is and forget the gold contents.
If you intend to sell it; put it for sale with a reserve yoú feel comfortable with. Again forget about the gold contents.

Because of the relatively high vaue, better not sell through ebay as the %s of ebay/paypal amount to several ordinary mortal´s LED watches worth
You and the buyer can both be off better through the sales corner of a watch forum.
Just put it on several so it will pop up on deal seeker and you will reach the same serious collectors as you would on ebay without the costs.

Good luck.

[bucko170]

How much would you pay?, or what is its true value?
(Working example with the early p2 style module in nice condition.
Watch band has date-code of 11/71)
Does anyone know the weight of a P2 module in penny-weight or grams? (so I can calculate gold value of watch without the module)
Thanks for any help

Are you looking to buy or to sell?

[BENRUS]

Are you looking to buy or to sell?

I am looking to buy this watch, and considering all factors of value...What is the top guess estimate (ridiculous deep-pocket buyer value, to respectful honest offer).
I need to factor in value of the gold as a starting offer point, and need the modules weight for more accurate guess (Value in gold is no concern to me personally as the watch means so much more...Its only worth its value in gold to its present owner).
I am trying to save this watch from the melting pot And I would love to own it
Thanks for any help.

[bucko170]

I think Bruce would be the best man to ask regarding current values.

I found this snippet of information on the other forum "P1 with 20 links plus batteries: 136.8 Grams (probably a bit more if it wasn't rebrushed)
The module, glass, batteries and pins weigh about 20 Grams. (weight taken from a standard P2)"

[BENRUS]

This watch is weighing in @ 141.8grams , so...I'm guessing total weight without non-gold parts is approx. 120grams?

Thank you for the help

[abem]

So, yeah, if I have this right, current value is almost $1500 / once / 31 grams per troy ounce = $48 per gram * 141 grams = about $6800 in gold alone. Dang.

-abe.

[Led Head]

So, yeah, if I have this right, current value is almost $1500 / once / 31 grams per troy ounce = $48 per gram * 141 grams = about $6800 in gold alone. Dang.

-abe.

Hi. What an opportunity! Would love it (but could cost me the family!)

By my calculations, that would be a little too much, as it is not pure gold, 18ct? (saw something about 14ct versions).

According to www.jewellerycatalogue.co.uk, today's scrap 18ct price is £22.12/gm. This would mean 120g *22.12 = £2654.40 (about $4325)

Good luck!

Regards,

Jon

[bucko170]

So, yeah, if I have this right, current value is almost $1500 / once / 31 grams per troy ounce = $48 per gram * 141 grams = about $6800 in gold alone. Dang.-abe.

120 gram (minus the none gold parts) = $5760, it's getting cheaper all the time

[retroleds]

The factoring of the gold percentage(karat) keeps getting left out.

Start: 140 grams - 20 gr for glass,etc=120 gr.
120 divided by 31(change to troy ounces)=3.8 troy
3.8 X .75(18k is 18/24 gold, or .75)= 2.903 troy ounce. or 89.9 grams.
Of gold.
Sorry - simple math of $1500 X 3 troy ounce leaves you at $4500 US, at best.

[retroleds]

Currently it seems that a soild gold Pulsar calc. fares better for selling...maybe because all the basic parts to have one running are still fairly available. Glass, links, module,etc. Glad I was able to sell my 18k calc.....was a bit worrisome in this market. Would have hated to scrap out such a wonderful piece.

[LEDluvr]

retroleds wrote:

Would have hated to scrap out such a wonderful piece.

ED! You would never scrap such a rare jem! We know you better than that. Once this recession is over (being optomistic here ) the prices for these vintage LED jems will bounce back. And with the wealth of various other nations increasing dramatically: China, India, Russia and Brazil for examples, then who knows what new generation of LED collectors will be born in the not-so-distant future.
It's better to hold 'em than to fold 'em. Or melt them!!

[LEDluvr]

That's a fabulous piece there Bernus. If you can swing it - I say go for it!
It's the first Pulsar - the price is bound to go up in the future. If that matters to you....

[retroleds]

retroleds wrote:

Would have hated to scrap out such a wonderful piece.

ED! You would never scrap such a rare jem! We know you better than that.

It's better to hold 'em than to fold 'em. Or melt them!!

Actually, somewhere buried on here, I show progressive pictures of me melting a solid gold P2. But that piece had taken a beating. No, I was nowhere near to scraping the calc. I actually got close to my asking for that piece. I had a bit over scrap price into the case, and then I put in a new module, gasket, sealed the display, etc. to make it into a decent set. So yeah, I was glad to recoup, compared to how the P1 market has been looking.

The low prices for the upper-end items is largely a sign of the times I think - be thankful if you can afford a relatively harmless indulgence such as this..

[retroleds]

And with the wealth of various other nations increasing dramatically: China, India, Russia and Brazil for examples, then who knows what new generation of LED collectors will be born in the not-so-distant future.

That is a question for social scientists - my, unprofessional theory, is that scenario will largely NOT occur. The rise of the LED and LCD watches was a cultural phenomena to those in the more developed nations where some core group of the populace could afford them at the time.
Those items are a [comparitively] small part of the cultural history and times of some of those areas.

On the other hand, even a small, fractional part of China's population is one heck of a lot of people

[LEDluvr]

retroleds wrote:

The low prices for the upper-end items is largely a sign of the times I think - be thankful if you can afford a relatively harmless indulgence such as this..

I agree completely. Matters could be much worse for any of us, thankfully it is not.

On the other hand, even a small, fractional part of China's population is one heck of a lot of people

True... all you need is 1/2 of 1% and you would have a whole lot of potential collectors out there! Not sound punny but... Time will tell.
But as long as it's told in digital and not analogue!

[Huertecilla]

The factoring of the gold percentage(karat) keeps getting left out.

Not only that; also the fact that it is not bullion..
Like I already wrote scrap gold is not bullion. It is 80-85% of spot price only.

The correct calculation for 18k is 0.8 x 0.75 x weight x spot.

As I also wrote for the P1 that is irrelevant since it collectable value is higher.

The ´growth market´ for gold jewelry, i,e, gold watches, is India.
India has 1.166.079.217 ihabitants at the last official count and a booming economy. Also a culture that nation wide reveres gold.
Indian conglomerates own the famous british car brands
Largely unnoticed in the ´west´ is also that India has the second largest watch industry. They make one of the thinnest watches on the market and a pile of luxury models in 22k even.
For gold, watches et al, look at India.

[retroleds]

Not only that; also the fact that it is not bullion..
Like I already wrote scrap gold is not bullion. It is 80-85% of spot price only.

As I also wrote for the P1 that is irrelevant since it collectable value is higher.

The ´growth market´ for gold jewelry, i,e, gold watches, is India.
India has 1.166.079.217 ihabitants at the last official count and a booming economy. Also a culture that nation wide reveres gold

I think the scrap vs. bullion factor varies a lot - in this area the spread is not nearly that high. IN fact, some gold dealers will, as a "loss leader", pay bullion price for the first X amount of clean, well marked scrap.

I agree that India should, by all appearances, make a dent in the solid gold watch market. It appears(to me) they don't care for their gold in a vintage item - I can't think of a single Indian digital collector who has asked about a solid gold item. The new jewelry is a much better deal if you are buying gold jewelry as a financial hedge - very little markup over the gold value, if bought right..

[bruce wegmann]

Doesn't matter to me what the bullion market says, or what the Indians are doing...I'd buy it..., and, I did! Number eight and counting...

[fannychou]

What is the size of this P2 module? Is it suitable for female? If I have the chance to buy this watch, I will pay $1,000. It looks so vintage.

[bruce wegmann]

This watch was sold to me, over a month ago, for a fair bit above melt value. The next time it's available will probably be as part of my estate...sorry. Oh, and this is definitely, certainly, and only, a mens' watch.

[charger105]

I was about to ask if Benrus ended up buying the P1. Looks like you've answered that question Bruce.
Did it come with any 'extras' (i.e. magnet, boxes, paperwork etc.) ?

Rgds.