Omega Constellation 18K Gold (1968) - Market Value Advice

Nuno Boq · Fri. 11:53am

Hello everyone,

I would appreciate your opinion on the current market value of the following watch:

Omega Constellation
Reference: 168.017
Year: 1968
Movement: Automatic, Chronometer Certified
Case: Solid 18K yellow gold
Bracelet: Original Omega 18K gold bracelet
Serial number: 24,500,998
Condition: Very good, rarely worn
Box & papers: Original box and international warranty included

Gold melt value alone has been appraised at around €3,500, but I am evaluating it as a complete collector’s piece.

Photos attached.
Thank you in advance for your insights.

Peemacgee · Fri. 12:07pm

Welcome @Nuno Boq

Couple of things.
Beyond scrap value, condition is everything.
Especially the condition of the case and dial. We would need much better images to assess condition.

The bracelet is not Omega, so only counts for scrap value (not as part of an original set. )

Is the box complete I.e. does it have its insert?

Do you have pics of the movt?
For a watch of this expense, you would expect internal pics of movt and inner case back.

Finally, gold C cases are probably the most common gold Constellation and are valued accordingly (I.e. less than other gold constellations)

Hope that helps.

Mark020 · Fri. 12:39pm

Are you buying or selling?

theluckyluke · Fri. 12:42pm

I think the simplest is to look for past auctions incl. premium or eBay sales if you simply want a valuation. Take into account the condition and the dial layout and you can probably work something out.

The bracelet is only gold value as mentioned above, so it’s easy to adjust for it. Box and papers, if original and in good condition, add a little plus too.

Example: https://auctionet.com/es/4357624-om...sera-oro-de-18-quilates-asignacion-automatica

Peemacgee · Fri. 1:49pm

That example is particularly nice @theluckyluke.
Untouched polished facets.
Solid gold linen dial.

Dan S · Fri. 3:26pm

Please post decent focused photos of the watch itself from various angles. We do t need to see the bracelet. Also do some research using auction sales.

MtV · Fri. 6:57pm

I‘d remove the bracelet before a sale. It doesn’t even match the color of the watch.

dsio · Fri. 7:56pm

That actually looks like a pretty clean and sharp gold C case, whatever you do don’t polish it

Majork · Sat. 3:30am

Interesting model.
168.017 is apparently the same as 168.009 and can come in full gold an capped cases.
I was tracking a similar one on an auction site in November '25 and it sold for 7.000€ which was way too rich for me.

theluckyluke · Sat. 3:50am

Majork
Interesting model.
168.017 is apparently the same as 168.009 and can come in full gold an capped cases.
I was tracking a similar one on an auction site in November '25 and it sold for 7.000€ which was way too rich for me.

Likely the bracelet is 18k gold and weights a fair chunk. If you want to price the watch head, you can’t really use this, or you need to deduct (at least) the gold value from the bracelet. Clearly the bracelet from the initial post has much less gold content. Sometimes they provide a weight in the description, that could help normalise to be able to compare.

I haven’t been watching these models closely, but the link I posted above for instance was a nice example selling near 3k€ (The bracelet was junk) which I suppose is more representative of where the watch head would sell - maybe a bit more these days given the recent gold price increase.

Peemacgee · Sat. 4:29am

This ^
The €7000 watch has the correct brick bracelet which will likely weigh more than the watch.

As I was alluding to earlier- The current gold price has outstripped the collectors’ value of C cases.

Majork · Sat. 5:07am

theluckyluke
Likely the bracelet is 18k gold and weights a fair chunk. If you want to price the watch head, you can’t really use this, or you need to deduct (at least) the gold value from the bracelet. Clearly the bracelet from the initial post has much less gold content. Sometimes they provide a weight in the description, that could help normalise to be able to compare.

I haven’t been watching these models closely, but the link I posted above for instance was a nice example selling near 3k€ (The bracelet was junk) which I suppose is more representative of where the watch head would sell - maybe a bit more these days given the recent gold price increase.

Yeah, I thought it was obvious that I wasn't implying the two were exactly comparable.
I was just providing another data point.

Peemacgee
This ^
The €7000 watch has the correct brick bracelet which will likely weigh more than the watch.

As I was alluding to earlier- The current gold price has outstripped the collectors’ value of C cases.

Completely true and I would agree that if the case and dial are in good shape, it could be priced in the 3-4k range.

If this is a smart buy at current gold prices though is a completely separate discussion.

theluckyluke · Sat. 6:05am

Majork
Yeah, I thought it was obvious that I wasn't implying the two were exactly comparable.
I was just providing another data point.

Yes I assumed! The comment was more for the person who wrote the post. We have no idea if he is familiar with watches after all

Omega Constellation 18K Gold (1968) - Market Value Advice

Nuno Boq

Peemacgee

Mark020

theluckyluke

Peemacgee

Dan S

MtV

dsio

Majork

theluckyluke

Peemacgee

Majork

theluckyluke

Similar threads

Help with estimating the fair market value for this omega constellation pie pan

Request for Advice - Authenticity of Omega Constellation 168.004/14 (18K Gold)

Omega Constellation 18k Gold

Mint Omega Grand Luxe Constellation - 18k Gold Case and Bracelet

Omega Constellation "C" 168.009 Automatic Cal. 564 c 1966 18k Yellow Gold 35 mm

Omega Constellation Calendar 168.005 Cal. 561 Automatic c. 1963 18k Yellow Gold 34 mm