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Help needed with 1960s OMEGA cocktail/dress watch

SamK
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Hello All,

I have come across a 9ct Omega ladies dress/cocktail watch from 1968 that I really love. The watch is listed for $2060 (currently 15% off)
I am new to vintage watches so I am looking for your insights on such watches. How valuable are these? Are they a good investment piece? Is 2k a good price on such watches? The face has no other information on it, does that make it a fake?

Here is the item description from the listing:

Discover the timeless elegance of this 9ct gold Omega ladies wristwatch, a perfect blend of luxury and precision.

Powered by the iconic and reliable 620 Omega manual movement, this watch features a round champagne dial accented with gold and black batons, and the iconic Omega crown.

It is paired with a 9ct gold mesh texture strap that adjusts between 18.5cm to 19.2cm, ensuring a comfortable fit.

The watch face measures 20mm in diameter (excluding the crown), and the total weight stands at 30 grams.

Maintained in beautiful condition and in near mint condition, it keeps perfect time and comes with its original box and booklet.

This vintage timepiece from 1968 is a splendid addition to any collection, offering both functional reliability and classic style.

All these photos are from the listing

1732950518880.webp 1732950570279.webp 1732950588853.webp 1732950606225.webp 1732950625292.webp 1732950636051.webp 1732950645509.webp 1732950656644.webp 1732950669250.webp 1732950681619.webp

This photo of the movement was sent to me after I DM'd the seller and asked to see it
1732950696279.webp
 
JimInOz
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I'll wait for our UK members to comment. But for an Omega with an English bracelet (D Shackmann and Sons) and I suspect an English made case (Dennison?), this is priced at about 2X what I'd expect (or even more).

Vintage Ladies watches have not kept pace with vintage gents watches as far as value is concerned and as a result, are much cheaper.

I'd put the value at the market price of 9ct gold plus some overhead for it being a watch, but not one in high demand.
 
sheepdoll
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I think the decimal point in the price is missing. This would be overpriced at $206.00USD. It is a nice example and the 620 is a nice 18mm movement so large for a cocktail watch. Should be a nice dress watch.

9Karat is basically base metal so no value there.

These are pretty common. Most likely they were used once or a few times then put away. The fickle fates of fashion.
 
SamK
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sheepdoll sheepdoll
I think the decimal point in the price is missing. This would be overpriced at $206.00USD. It is a nice example and the 620 is a nice 18mm movement so large for a cocktail watch. Should be a nice dress watch.

9Karat is basically base metal so no value there.

These are pretty common. Most likely they were used once or a few times then put away. The fickle fates of fashion.
Nope, no decimal point missing. It is two thousand and sixty dollars (currently approx seventeen thousand fifty with a 15% discount)
So you're saying that this is overpriced?
 
JimInOz
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SamK SamK
So you're saying that this is overpriced?
Ridiculously so.
 
Davidt
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The truth is, these ladies watches are worth their scrap gold content or slightly above. The reason being Scrap gold prices have increased hugely over the last 20 years and now the intrinsic value equals or exceed the collectable value.

In this case, we can assume the bracelet and case is 9ct gold. If the whole watch is 30g, assume 4g for the movement, dial, hands and crystal, so at best 26g of 37.5% gold. At today’s scrap prices this equals £607 GBP.

A dealer would obviously argue you can’t value such a beautiful vintage watch based purely on the gold content but in this case, you can. In fact the same dealer would likely offer 10-20% under scrap when buying these watches.
 
Dan S
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I don't see anything wrong with the watch, but the price is crazy. Ladies cocktail watches don't have much of a collector's market, and 9k gold isn't as valuable as you would think, maybe $25 per gram. At $500 it would still probably be a bit overpriced, but since you really love it, you could think of it as paying a lot for costume jewelry. However, if you plan to actually use it as a watch to tell time, budget an extra few hundred for a movement service.
 
DON
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As others mentioned. Ridiculous price. Out of a few Commonwealth countries. 9Kt gold is not even considered real gold.

Bracelet not sure if original as Omega logo looks poor.

Look through EBay and see what else is available. Not rare. Loads around, so don’t rush
 
dsio
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SamK SamK
Nope, no decimal point missing. It is two thousand and sixty dollars (currently approx seventeen thousand fifty with a 15% discount)
So you're saying that this is overpriced?
That is utterly insane pricing and the seller is just hoping that a buyer assumes a gold Omega, even if only 9K is still worth a lot now despite being a common type of watch that is considered very out of fashion, very common and almost impossible to sell. These go for melt plus a but, and melt on this in 9K gold is not very much. They're a great value alternative to a Swatch Watch but that's the kind of money you're talking.
 
drpaul
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My 2 cents to the op. Don’t go by the pictures shown. They look professional and show case the beauty of the watch in a flattering way. I guess the dealer knows what he is doing. If you really love the watch. Find out the reference no ( google the watch photo and movement) and search eBay. Find a similar watch for a reasonable price as mentioned above, the photos given will not be as flattering from a private seller, just make sure it’s in decent condition, and you have your watch for the correct price.
 
TIMElyBehaviour
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It’s a beautifully kept watch and it’s nice to see it with box but I agree with the above. Ridiculously overpriced.
 
padders
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sheepdoll sheepdoll
I think the decimal point in the price is missing. This would be overpriced at $206.00USD. It is a nice example and the 620 is a nice 18mm movement so large for a cocktail watch. Should be a nice dress watch.

9Karat is basically base metal so no value there.

These are pretty common. Most likely they were used once or a few times then put away. The fickle fates of fashion.
If you want to send me all your useless 9k gold items I’ll happily take them off your hands for the cost of the postage. I get about £23 per gram for this base metal.
 
sheepdoll
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Never said they were useless. Just overpriced.

Gold is about as rare as an item on eBay. I have expressed my opinons in other threads on the oversubscriptions of gold futures. In this day and age crypto is just as speculative. AI seems to be the next big thing, until it is not.

What ever the case, the watch in question is way over valued.

These watches are worth case scrap, plus about 40 bucks for the movement and perhaps a bit for the name on the dial. The 400 to 800 for service could also be a factor, but that is use not worth and no return on investment.

There are plenty of 30mm 34x and 55x/56x examples which are currently nicely priced in the 200 to 300 range, which with a service are as good a watch as there is and will ever be.
 
padders
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To quote: ‘9Karat is basically base metal so no value there’

I await your parcel 😉
 
Davidt
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Just to set the record straight on 9ct gold.

Whether a person ‘considers’ 9ct actual gold or not is subjective and utterly irrelevant to its value. The fact is, it contains 37.5% pure gold and the current spot price is £23.85. Obviously as with any gold or gold alloy, you won’t receive the full amount, likely closer to 23.30 if you come to sell for the gold weight.
 
padders
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Davidt Davidt
Just to set the record straight on 9ct gold.

Whether a person ‘considers’ 9ct actual gold or not is subjective and utterly irrelevant to its value. The fact is, it contains 37.5% pure gold and the current spot price is £23.85. Obviously as with any gold or gold alloy, you won’t receive the full amount, likely closer to 23.30 if you come to sell for the gold weight.
As you can perhaps infer from my posts above I agree with this entirely and roll my eyes when I see the 9k gold is worthless crap line trotted out by more than one contributor here over and over. For the record, current full spot for 9k is in fact £25.13pg (circa $32pg). As noted you would receive a variable but high % of this when selling. Very far from worthless, indeed it is around the value 18k gold had around 5 years ago.

That aside, is this a good purchase at this price? No.
Edited:
 
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