About Vintage Gold Watches
As well as a web destination, ‘Vintage Gold Watches’ is a partnership based in Bayswater, Central London (W2) U.K., engaged in selling ‘fine’ Swiss watches from circa the 1950s. We particularly love this time period for its elegance, craftsmanship and quality. In fact we consider this the ‘golden age’ of Swiss watch-making when technical superiority, craftsmanship and classic elegance all combined to provide us with some of the best timepieces ever made. For example we are big admirers of 1950s gold dress watches from Rolex, Jaeger-LeCoultre, Zenith, Longines, and Omega.
A Vintage Gold Watch as an Investment
It is rare to find an investment you can wear and often surprising that a beautiful vintage gold watch can acquired for such relatively little money, especially compared to its new equivalent. The huge advantage of course is the value of a vintage gold watch will rise. And the value is also as safe and long lasting as the timepiece itself. In the near term, the world market for Swiss made vintage gold watches is expanding rapidly and this will of course continue to have a significant positive effect on prices. For the serious investor or collector, there are some special tax advantages associated with buying vintage watches. Specifically, HM Revenue & Customs (in the UK) regards these as “wasting assets” and does not charge Capital Gains Tax on the profits made when they are sold, provided they have not been used in the course of business. For the investor, this strange anomaly is something of a gift from the taxman. If money is retained in a bank account, the interest earned is taxable. If a second property is purchased and then disposed of, again there will be tax to pay on the profit generated by the sale. But if the same funds are used to purchase a collection of vintage watches and then, in due course, these are sold at a profit, no Capital Gains Tax is owed to the Revenue. Please do not treat this as ‘advice’ but purely background information for you to check with your financial advisor or HM Revenue & Customs. This situation is not unique to vintage watches. Antique guns, classic cars and motorcycles, antique scientific instruments and some mechanical toys all qualify as wasting assets in the same way. But to repeat, do not treat this as financial advice, we advise you to ask your financial advisor about this. And perhaps you might ask why he/she hasn’t told you about this before!!
A Vintage Gold Watch in everyday use
There are many analogies between owning a vintage watch and owning a vintage car. For example, just like a vintage car, a well maintained and well cared for vintage (Swiss) watch may be used for everyday use. However, even though superbly engineered with legendary Swiss reliability, these are after all 60 years old pieces miniature mechanical engineering and one may not expect the reliability and performance of a new (Swiss) watch. Typically an automatic vintage watch will need help with winding and the accuracy may vary by + or – 1 minute per day. Also, gold is not as hard wearing as a modern alloy and so some care is needed to avoid scratches and dents which will significantly lower the value of the watch. It is also very unlikely that a vintage watch will be water-tight, no matter what the original specification and so water must be carefully avoided as it will harm the movement.
For more background please see our FAQs.