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Economics/Gold watches resale value.

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Question
Dear Pallas

Do Gold wrist watches have resale value similar to Gold ornaments / Jewellery purchased viz Chain, Ring, Bracelet, Bangles etc?.

Thanks
Prashant

Answer
Thank you for your query.  In my experience, that depends on brand, year, and amount of gold.  Brands like Omega or Rolex, have a resale value because of their brand. Some pieces, specialty or hand made --estate pieces-- because of who owned it or made it, e.g. pocket watches.  Others would just be worth the weight of the gold.  Difficult question to give a simple answer. Good luck. Same goes for jewelry, unless they are designer pieces or estate jewelry, you will most likely get the value of the weight in gold.

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Pallas21

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I will be happy to answer questions related to applied economics. i.e. economics applied to small businesses and on our day to day existence.

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over 25 years of experience in economics, both as an academic and in the field.

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Masters in Economics, Masters in Public Administration

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