If you’ve never sold a used watch, you might not know all the things you need to consider before you’re ready to sell. From making sure you know what you’re selling to deciding who you’ll sell to, there are some simple steps you can take to make sure you end up getting the best price for your watch.
Step 1: Know Your Watch
The first thing you should do before selling your watch is to make sure you know exactly what you’re selling. Make sure you know your watch’s name, model number, and serial number. If you have your watch’s original papers, you’ll have all this information handy there. But, if not, you’ll have to do a little research on your specific watch to see where you can spot the model and serial numbers (which are often located somewhere on the watch itself).
Step 2: Get Ready To Sell
Once you have your watch’s information ready, it’s time to prepare to sell. If you have your watch’s original box and papers, be sure to find them and be ready to include them with your watch. When a watch comes with its original box and papers, the selling price is usually better, especially when selling online. If you don’t have your original box and papers, don’t worry— as long as your watch is authentic, you should still be able to sell your watch.
If you’re selling online (whether to a specialized dealer like a jeweler or on an online forum), now’s the time to take some high quality pictures of your watch. Make sure to take pictures from all angles (the front, back, and sides of your watch) to show the full condition of your watch.
Step 3: Consider How Much Your Watch Is Worth
Before selling anything, it’s always a smart idea to consider how much your item might be worth. For watches, brand strength is one of the biggest factors in determining how much a watch might sell for. Rolex reigns supreme as the watch brand that holds its value best. But many other luxury brands (like Patek Philippe, Cartier, Omega, Piaget, Chopard, and Tag Heuer) can fetch high resale prices as well.
A watch’s brand is not the only thing that determines its value. Other factors like, its condition, its edition, and— perhaps most importantly— its rarity, can greatly affect the price of a watch.
Step 4: Decide Where To Sell
There are many places you can sell a used watch. You can sell your watch at an auction, online (at a marketplace like eBay or Craigslist), at a pawnshop, or to a specialized used watch buyer.
Selling to an online specialist watch buyer, like Stein Diamonds, is a great way to get the best price for your watch, as well as feel secure about who you’re selling to. Many ways of selling used watches, both online an in person, can put you at risk of being targeted by a scammer. But when you sell to a reputable luxury dealer, you know that you’ll be safe selling to a respectable business.
Stein Diamonds has been a family owned luxury jeweler for more than 20 years. As experts in fine jewelry, we know the value of used watches. We are always looking to buy both pre-owned and never-worn watches and always give our clients the best possible prices for their used watches.
If you’re thinking of selling your used watch, call us today, send us an email, or fill out our inquiry form and we will strive to give you the best possible selling experience.