This is a vintage fine 'shellbone' china for dining set with over 70 pieces in total that was produced in Japan in the later 20th century by Seyei China in their Gold Lace #3079 pattern. Although the gold is real, there is no longer a precious metal meltdown value as the cost to extract the gold would exceed the value of the amount extracted. The fine china for dining market is currently slumped. Sets do not sell for what they used to sell for a few decades ago and the market was further impacted by the Recession. The estimate is based on actual recent past recorded auction sales of comparables.