Watches

5 Things to Know When You’re Selling Your Rolex

If you’re thinking of selling a pre-owned Rolex, there are few things you need to know ahead of time. You’ll need to know some specific information that’s unique to your watch, as well as what it is likely to sell for, which is determined by a number of different factors. Here are five things you should know when you’re selling your Rolex.

Your Model

Before you can sell a Rolex, you need to know what you’re selling. To determine the exact model of your Rolex, look for your reference number. If you have your original papers, this number will be located there. However, if you don’t have your papers, you can still find your model number on the Rolex itself. All Rolex watches have their reference number imprinted on the side of the watch’s case at the 12 o’clock position. This number can’t be seen with the watch’s bracelet still attached, so you’ll need to remove it to see the marking. Once you know your reference number, you can search it online to find all the pertinent information about your model, like its collection, movements, materials, date, and more.

Your Serial Number

Once you know your watch’s model, you should look for your serial number, which is a number that’s unique to your watch. Like with your reference number, your serial number can be found on your original papers. Also like your reference number, if you no longer have your original papers, you can find your serial number on your watch. Depending on the year of your Rolex, it will either be found on the case at the 12 o’clock position or on the inner flange at the 6 o’clock position.

The Value of Your Rolex

The next thing you should do before selling your Rolex is to research the value of your specific timepiece. The value of a pre-owned Rolex doesn’t necessarily have anything to do with what it cost when you purchased it. Instead, this will be determined by how the market currently values it. The only thing that really determines the value of your Rolex is how much someone else would be willing to pay for it today. This may be either more or less than its original purchase price; it simply depends on how valuable your watch is considered by buyers. In some cases, the value of a Rolex may be much higher than its original price, like in the case of a model that might be considered highly rare or collectible. It’s important to do a little research about market value so you can be sure you’re getting the right price for your watch when you sell.

Your Watch’s Condition

A watch’s condition is something that can greatly affect its market value. For modern Rolex watches, less wear and tear on the watch will increase its selling price. For some vintage watches, however, certain kinds of aging are actually considered desirable, such as patina and tropical dials. For all Rolex watches, the more of its original parts you have (such as its original bracelet and bezel), the better.

The Value of Your Box and Papers

The last thing you should know before selling your Rolex is how having your original box and papers affects your selling price. If you are in possession of your original box and papers, you’ll be able to sell your watch for a much better price. This is because these items help to further prove the authenticity of your Rolex. If you don’t have your original box and papers, you will often still be able to sell your Rolex. You’ll just likely have to sell for a lower price.

Selling Your Rolex

If you’re considering selling your pre-owned Rolex, reach out to Stein Diamonds, one of the most reputable and fair buyers of used luxury timepieces. You can contact us by phone, email, or through our inquiry form.

Leave a Reply

Your email address will not be published. Required fields are marked *