4um: Turtle's $80 watch now worth $15.00

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Title: Turtle's $80 watch now worth $15.00
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Published: Mar 28, 2012
Author: Turtle
Post Date: 2012-03-28 13:52:04 by Turtle
Keywords: None
Views: 203
Comments: 8

Since high school I have always bought Timex watches. Then one day (I guess they've been made in China for a long time) I bought one and the stem pulled out that day.
So I bought an $80 Seiko quartz watch, which lasted 23 years until the stem pulled out. I had it repaired.
Yesterday it stopped running, so I had the battery replaced. It's got on of those screw-on backs that only a jeweler can take off. It cost $19. When I asked the jeweler how much the watch was worth these days, he said, "About $15."
Still, the watch has lasted me 25 years, so I plan on keeping it.
Gee, I thought the value of the watch would go up. I guess not.
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#5. To: Turtle (#0)
thought the value of the watch would go up. I guess not.

Mass-produced by the millions, no precious metal: nope, won't even hold it's original retail price. But Seiko's are very serviceable and durable watches, even the quartz models. Eventually the quartz movement will give up the ghost and that'll be that, most quartz movements are doing good to get 15 years. You've exceeded the average by a significant margin, that's the excellent Seiko engineering going on right there on your wrist.
Rarity, collectibility, and precious metals content (white gold/rose gold/yellow gold/platinum) determine whether or not a watch will appreciate.

X-15 posted on 2012-03-28 15:44:46 ET (1 image) Reply Untrace Trace Private Reply
#6. To: X-15 (#5)
DO YOU KNOW WHAT PATEK PHILIPPE'S COST?!?!?

Turtle posted on 2012-03-28 15:46:45 ET Reply Untrace Trace Private Reply
#7. To: Turtle (#6)
Yes, I do:

It tends to mesmerize the ladies, something that I did not anticipate :-)

X-15 posted on 2012-03-28 15:48:55 ET (1 image) Reply Untrace Trace Private Reply
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