I'm a terrible investor, I spent much more than face value for a coin

i saw this on the "Bay" and decided to put it on my "Watch List".  It was a 7-day auction that ended on Dec. 30th.  Nobody bid on it, so I took a crack at the last minute, offering the minimum.  Lo and behold, it became mine.  It arrived Monday afternoon and I've been playing with it, just holding it in my hand.

I just got word from our dear Alex that this Ref. 4928 was produced in 1962 and this info was actually a relief because I did what one should not do: I purchased from an unknown seller BEFORE checking the serial numbers.

At first I went back and re-read Alex's excellent post on VC's coin watch production, 

http://www.thehourlounge.com/en/vacheron-constantin-discussions/look-vcs-coin-watch-production-571604

I couldn't find any watch with this coin, minted in 1895.  There are versions coined in 1893, 1899 and 1904 that have shown up in various Refs. over the years, but not 1895.  Alex started off his post by saying "This is an almost exhaustive list of Vacheron Constantin's production of watches placed in coins. If you have any other information please do provide."  I generally don't believe I'm that special or lucky in terms of finding a previously unknown piece.  So warning bells rang in my head.  Plus the seller did not post pictures of the movement, serial numbers, markings, etc.

Yet, the dial and hands looked authentic and I couldn't really imagine that somebody would/could counterfeit the details of the case and creating a franken coin watch this good would not be in anybody's interest.  Therefore, I pulled the trigger and am VERY HAPPY with the gamble.  The watch is immaculate and the hinges are nice and stiff.  The release mechanism is also in great shape.  I opened the back of the case and found a beatufiful cal 1003 inside that has been running very well for the past two days.

So without further adieu, I present my Ref. 4928, $20 Coin watch:

I'm a terrible investor, I spent much more than $20 for a coin

I'm a terrible investor, I spent much more than $20 for a coin

I'm a terrible investor, I spent much more than $20 for a coin

I'm a terrible investor, I spent much more than $20 for a coin

I'm a terrible investor, I spent much more than $20 for a coin

I'm a terrible investor, I spent much more than $20 for a coin

I'm a terrible investor, I spent much more than $20 for a coin

I'm a terrible investor, I spent much more than $20 for a coin

 

Ref. 4928 was introduced in 1951 with a 9-ligne calibre, which was later replaced with cal 1003 in later production pieces of this Ref.

I decided to buy this watch because I always wanted a skeletonized version of this coin, pocket watch, to be my piece with Cal. 1003.  I love the idea of having a watch that looks and feels like a coin in my pocket that can tell the time!  It just tickles the geek in me. laugh.  After years of searching, I only found one so far (at auction) but I lost that by by a significant amount.  I became resigned to never getting one, so I moved on to getting the Structura, which is heavily engraved and not skeletonized.  But the itch to get a Coin was too irresistible.

 

 

Great catch, Dan
01/04/2016 - 22:30

Just be careful you don't unintentionally use it in some vending machine or parking meter!!  Even Alex's article didn't list that date of coin for the ref 4928 yes.  Did that model continue all the way until 1976?  Also, can you share the year of production, and did the accompanying tag have the same serial number?

Sorry Dan, I know you already answered
01/04/2016 - 22:33

one of my questions.  Just got carried away in vicarious excitement blush

Thanks Dean, I forgot about the tag!
01/04/2016 - 22:57

In the excitement about the watch, I didn't realize the tag was not in the package (I just went through the box and packing materials to double-check).  I'll ask the seller about it.

I do not know if Ref. 4928 was in production up until 1976, when the Ref. 53006 was available.  I wonder what the differences in cases are to warrant a new Ref. #?

The 1895 coin was used in the gem set, wristwatch version, Ref. 33528.

 

 

Wow! Really interesting, thanks for sharing! [NT]
01/05/2016 - 05:35
Congratulations Dan
01/05/2016 - 07:45

If I had an American uncle, I should have a look at all his $20 coins wink

Very nice.

BRAVO, enjoy and wear it carefully.

Cheers,

Liger

that's quite a bank for your (20) buck(s) :-)
01/05/2016 - 09:16
Great catch
01/05/2016 - 10:35

Risk taking awardedyes

John

 

 

Great catch Dan!
01/05/2016 - 20:00

Wow thats a great looking coin! any chance you can provide the eBay listing item number so we can see just how bad the listing was? Might help me learn to find a few hidden gems on the bay!