One could say anything from Hermes is overpriced. But in my opinion they are worth it! They are very well made, solid, elegant etc. I have two H bracelet, one with gold and one silver. They are so comfortable to wear and is pretty hardy. They look great on their own or stacked.
I would looking into buying from a reputable reseller if price is an issue. Be careful there are loads of fakes. Unfortunately the H sub-forum doesn't authenticate them any more. But you can look up in the H sub-forum for reputable resellers. Good luck!
I think anyone can make the argument that any luxury good is overpriced

But if this was an Hermes bag/leather good or even a tie (I think their ties are only in the $150 range) I wouldnt even worry about it. I might think about the style and have a forum titled "Hermes or Chanel -any opinions?" but- at this point I think I would prefer a Twilly than a gold plated Hermes bracelet. But I still do admire the H bracelet - its a great bracelet you can wear it up or even casual- which I love.
Price isn't an issue- I mean of course if this was just $200 or something I would be more inclined to buy it. I don't want it thaaaaat much that I would buy a used bracelet.
At the end I think I've realized that its just gold plated not pure gold- maybe not worth the almost $700 price tag (thats including tax)
Thanks for you input!