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Gold melt plus $100 for dial and movement at most.
Any more and you are overpaying.
gatorcpa
I must say movement prices are on the rise and I find it hard to find manual wind movements in good asthetic and running condition for under €180-€200, with asking prices higher. More for automatics.
If legit 18k, the scrap value would be more than $400.
I'm sure it is above $400, but I'm trying to remember, some of these South American contract cases were a weird situation where they had almost like a base-metal skeleton or something inside of them to reduce the gold content. It might have just been South American cases for Lemania international or for certain countries, and I don't think I've seen it mentioned in relation to models like this but it's sparked my curiosity.