1957 14k gold le coultre men's watch

Sep 27, 2020. 13:18 UTC
1957 14k gold Le Coultre men's watch
Tom
United States of America

Category
wrist watch

Acquired from
Inherited

For sale
Maybe
Description

In good workable condition...has been sitting in my chest drawer for 40 yrs...inscription on back reads " Dan O'Brien from Your Associates at Atlantic Rayon Oct. 1957

Provenance

Owned by my late father, has never been exhibited

Answered within 1 day
Sep 28, 19:52 UTC
By David

Fair Market Value

$1,000 - $1,250 USD

Insurance Value

$2,250 USD
What does this mean?

Hello Tom,
Thank you for sending in this family wristwatch to mearto.com for an appraisal. I shall try to help you with that today. Thank you for sending in the photo of the inside of the cover and the movement. It all fits together nicely now and the values are appropriate. I have updated the appraisal for you to include all extra information.
TITLE:
Gent’s, 14K yellow gold, manually wound, small seconds, dress wristwatch with Presentation and mid-20th century gold plated flexible link bracelet, ref. 230C317, S/N 355 438, made by Jaeger LeCoultre, Switzerland, circa 1957.
PROVENANCE:
“Owned by my late father, has never been exhibited.” Inscription on back cover reads, “" Dan O'Brien from Your Associates at Atlantic Rayon Oct. 1957.”
DESCRIPTION:
Case: (Size not provided) Approximately 33mm in diameter (without crown), two leaf, with snap-on case-back, the back cover with the inscription cited in the Provenance above and marked 14K gold. The back cover has a tab to allow easier opening and is usually marked on the inside with the maker’s name, reference and case numbers. The inside of the cover often had ‘Cased and timed in U.S.A.’ engraved as well as the case serial number and the model number (noted above). The winding crown is partially buried in the gold bezel as seen in the LeCoultre Ref. 199.
Dial: Cream colored round dial with applied gold baton hours, double baton at the twelve position, subsidiary seconds dial @6, and gilt Feuille hands with the upper dial signed ‘LeCoultre’.
Movement: This is the JLC calibre 480/CM , a manually wound, 23.7mm diameter movement with 17 jewels, vibrating at a frequency of 18000 beats per hour. The movement is signed LeCoultre, 17 jewels, Swiss, and unadjusted. It is also marked vXN, that is the import/exported mark for the company that exported this watch from Switzerland and VXN stands for Vacheron & Constantin. Very often these upper end watch companies will work together in moving their brand watches out of the country.
Condition: Case – Mild scratches to the gold case. Dial – Fair-good with scattered speckling of oxidation and staining. Movement – Assumed original, genuine and it is functional.
COMPARABLES:
https://www.liveauctioneers.com/item/87065530_lecoultre-men-s-14k-gold-manual-hand-wind-dress-watch (Failed to reach $2500 minimum and was passed.)
https://www.liveauctioneers.com/item/60176654_men-s-lecoultre-14k-gold-watch (Condition prevented this watch from reaching $250 and was passed)
https://www.liveauctioneers.com/item/74141960_vintage-1960-s-lecoultre-14k-gold-fancy-lug-watch (sold for $450 on 2019)
https://www.liveauctioneers.com/item/63175860_17-jewel-jaeger-lecoultre-mens-watch-14k-gold (sold for $1000 in 2018 with a gold bracelet)
https://www.barnebys.com/realized-prices/lot/jaeger-lecoultre-18k-solid-gold-mens-watch-1950-s-wtZ8ZPRRWq (1950s 18k gold dress watch sold for $1349 in 2016)
https://www.invaluable.com/auction-lot/mens-vintage-14kt-yellow-gold-lecoultre-watch-111c-c-3f9478cba8 (sold on 2018 for $800)
HISTORY:
In the heart of the Vallée de Joux, in the Swiss Jura Mountains, the Manufacturer Jaeger-LeCoultre has continuously renewed its creativity and inventiveness since 1833. One hundred and eighty different expert skills are brought together under one roof, to breathe life into the heart of the watches and to animate each infinitely small component. Design, assemble, decorate or crimp; every different stage required for the creation of a Jaeger-LeCoultre timepiece is conducted within the Manufacture. Since the beginning, the Maison has created more than 1200 calibers, which today have earned it unique renown in the watchmaking industry. Its iconic collections, such as the Reverso which was born of the Art Deco movement in 1931, the Master, with classic and refined masculine lines, or even the Atmos, the pendulum watch with almost perpetual movement, form the foundation for the Manufacturer's pride and the satisfaction of their loyal clients.
PRICING:
Of course, this watch is not priced for sale on the gold market (which would destroy the watch). Rather it is priced as if offered on the watch market.) The price of gold, near record levels now, does influence the price. In this condition, generally considered good, your dad’s vintage watch with the Presentation inscription would have a fair market value in the range of $1000-$1250 with a retail value about twice that amount.
Thank you again for choosing mearto.com.
My best,
David

Dear Tom,
Thank you for contacting Mearto with your appraisal inquiry. So that I may best be of assistance and get this right the first time around, it would really help me to see the inside of the cover. I only ask this because it is a flip open back cover and manually wound, so it is made to be easily opened.
Can you send me photos of the inside of the back cover and also the movement, but in good enough resolution that I can read it (having trouble with your other photos, but they are good enough).
If you are unable to do this I can appraise the watch and guess at the movement, but I really think we should do this the right way the first time.
Please let me know whether to wait for photos or proceed.
Thanks,
David

Tom o'brien Sep 28, 21:49 UTC

David, I can't find any easy point of entry; no screws, no visible slots, etc., I'm not going to mess it up, ...this needs a jewelers expertise I think..so, unless you have a suggestion I guess we'll just proceed with the appraisal as is and see where that leaves us...Thanks, Tom

David Sep 28, 23:42 UTC

I appreciate you trying to find more information for me. I think I have it down fairly close to what this watch represents.
Thank you again,
David

Tom o'brien Sep 29, 00:42 UTC

David, thanks for your in-depth appraisal. After your description of the back cover I easily opened it and am sending pix. I think you already have the information spot on from what you wrote and what I can see but figured I’d send it anyway. Thanks again, Tom

David Sep 29, 03:02 UTC

Tom,
Thank you for sending in the photos of the inside of the cover and the movement. It all fits together nicely now and the values are appropriate. I have updated the appraisal for you to include all extra information. Take good care of this family heirloom.
My best,
David

Tom o'brien Sep 29, 03:28 UTC

Dave, thanks for your help and time. You've been great!..Tom

Tom o'brien Nov 17, 13:19 UTC

Hi David,
Just wanted to follow up, well, just because, and let you know that I sold the watch on ebay for $600...I took it to local jewelers and they all offered in the $250 range so that's when I decided to take a shot on ebay. I figured whoever bought it will treat it with a little TLC and it was better than just sitting in a drawer here...anyways, I'd like to thank you again for your help and expertise, as it was the starting point in the eventual sale...regards, Tom

David Nov 17, 15:15 UTC

Tom,
Thank you for sharing 'the rest of the story' and it sounds to me like you made a wise choice since it was a good price considering it was sold on Ebay. The offer of $250 was obviously what you needed to avoid and the appraised value at least told you it would be a mistake to even consider that low a price.
I send best wishes for good health and contentment.
David

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