Are you thinking that you’d like to sell a Rolex watch? Where do you start? We all know that Rolexes have a great track record for keeping their value but there’s still more you need to learn. You’ll need to know five key points to valuing your watch. Tips on how to find the reference number, age, condition and other small details will all contribute to evaluate the fair value of a Rolex.
Harold Freeman can help you determine the worth of your used Rolex timepiece. Read the tips below to discover the value of your watch.
1. Model Number
Every watch has a specific model number that corresponds to how the watch was manufactured, including: the material – stainless steel, Rolesor (stainless steel and 18k gold), Rolesium (stainless steel and platinum) or Gold; the dial; and movement. The number can be found by removing the bracelet at the 12 side, as shown below. When you have the original paperwork, the numbers will match. This number is fundamental towards determining the value of your Rolex.
2. Serial Number
Every Rolex has a unique serial number. Before 2010, these numbers could be used to determine the date of manufacture, after 2010, these numbers became random. They can be found, for watches produced before 2005, by removing the bracelet at the 6. Watches created after that date will have the number engraved in the “rehaut” (the space on the inside of the bezel between the dial and the crystal at the 6). Selling a Rolex with the paperwork matching the number on the original paperwork increases the value of your used Rolex.
Condition, condition, condition: Mint condition watches, those with little wear or imperfections, will always bring in the most when selling a Rolex. While cleaning and servicing a watch shows care, replacing certain parts will not always help the value of the watch. Black dial watches that have changed to brown, considered a “Tropical” dial, are extremely desirable in the market place. Watches with original bezels and dials, even those with marks, can retain much of their value. Cases with nicks or dents that cannot be buffed out will affect the value of your pre-owned or vintage Rolex as well.
4. Real Market Value
Although we all like to believe our watch is the most valuable one of its kind available, the Real Market Value or “sell” price, is going to be how much a person is willing to pay for it. Depending on the watch – make, model, material and condition – the market will fluctuate on a regular basis. The most sought after watches, those in high demand , will also command the most money.
5. Warranty Paper & Box
Box and Paperwork: Nothing authenticates a watch better than the original box and paperwork, matching the model and serial number, for selling a Rolex. The paperwork is a credible resource for making sure you are selling a genuine Rolex.
There are many factors involved in evaluating watch you want to sell. Working with an authorized Rolex dealer, such as Harold Freeman – in business since 1947, will give you the confidence you need when the time arrives to sell your Rolex. Let us help you navigate the process. Speak to one of our watch experts to get the value of a Rolex watch.
Harold Freeman Jewelers is an Authorized Rolex Dealer.