What Is The Best Way To Sell My Rolex Watch?

How much does it cost to tune up a Rolex?

How much does it cost to service a Rolex.

It costs around $800 to service a Rolex.

A normal Rolex overhaul ranges from $600 to $1000 and will vary depending on your model, its condition and the type of service needed.

Many factors come into play when it comes to the maintenance cost of a Rolex..

Which Rolex will be discontinued 2020?

Rolex Submariner 116610LV “Hulk” discontinued. Shock horror, Rolex discontinuing the Green Submariner 116610LV in 2020.

Does the value of a Rolex depreciate?

While buying a new Rolex is akin to buying a new car: they will both depreciate in value substantially after they are purchased. By buying a pre-owned watch you have essentially eliminated this retail markup devaluation making it possible to someday sell your Rolex for more than you paid.”

How much can I get for a Rolex at a pawn shop?

Pawn shops lack expertise Want proof? One pawn shop website says customers usually get $2,268 for a Rolex. At Diamond Banc, some recent deals we’ve done include $5,500 for this stainless steel Rolex Submariner, $11,000 for a Rolex Daytona Chronograph and $4,500 for a ceramic Rolex Submariner.

How do you find out what year my Rolex is?

Every Rolex is engraved with a unique serial number. This indicates what year the watch was made, and can be used to authenticate and value the timepiece. To find out your Rolex’s manufacture date, simply search its unique serial number in our Rolex serial number database below.

Why is a Rolex so expensive?

The cost to develop and manufacture your own movement compared to buying a movement off the shelf is huge. These movements take time and money to perfect to the desired levels. Watch movements are expensive to make. All of the parts are tiny and have a high failure rate during the manufacturing process.

How can I sell my Rolex?

How to sell a Rolex watch?Find the reference number of your Rolex.Find the watch’s serial number.Find the original box and papers.Do your research to understand why secondhand values are not the same as retail.Take pictures.Find a reputable buyer.Apr 21, 2017

Where is the cheapest place to buy a Rolex?

Switzerland- The INITIAL cost of a Rolex is SLIGHTLY Cheaper in Switzerland than in Scandinavia. – The VAT refund in Scandinavian countries is BY FAR more generous than that of Switzerland’s, resulting in Scandinavia being “CHEAPER than Switzerland to purchase a NEW Rolex.”

Can you get papers for a used Rolex?

So to answer, the question, you cannot get replacement papers for your Rolex watch. … The closest you can get to the original Rolex card is a service guarantee. When you service your watch at an authorized Rolex service center, you will get a Rolex international service guarantee card.

What percentage of value do pawn shops pay?

60%At a pawn shop, you leave your property—the most commonly pawned items are jewelry, electronic and photography equipment, musical instruments, and firearms. In return, the pawnbroker typically lends you approximately 25% to 60% of the item’s resale value. The average amount of a pawn shop loan is about $75–$100.

How do I know if my watch is worth money?

If you want to identify the age of your old watches, look for their serial numbers – this number is typically on the back of the watch. The serial number on a watch will help you match it to the date it was made, as well as its manufacturer. This is another essential factor in determining the value of your watch.

Can you buy a Rolex for $1000?

If you’re lucky enough to get one that comes with the Rolex boxes, you can sell those for $100-200 on eBay. … Using all these tricks, you can easily get a nice Rolex for $1000-1500 that will sell for almost twice as much.

Can you tell if a Rolex is stolen?

Since most Rolex owners choose to register their watches with Rolex USA via serial numbers, they also tend to report cases of theft or loss. You can also use the Rolex Tracker to check the origin of your watch. Owners use the tool to register the watch and make them fully traceable if they are stolen.

Which Rolex has the highest resale value?

Rolex Cosmograph DaytonaThe Resale Stats: On average, Rolex Cosmograph Daytona watches hold a resale value up to 175%, with some Ref. 16520 models having the highest resale value.

Where can I sell my used Rolex watches?

Bob’s Watches is the leading online marketplace for pre-owned Rolex watches. Not only are we the top website to buy a secondhand Rolex watch from, but Bob’s Watches is also the best place to sell your Rolex to.

What Rolex holds its value?

The Rolex Submariner is probably the safest bet when it comes to buying Rolex watches for investments. The Submariner is Rolex’s most iconic and recognized watch, and it is also the Rolex watch which has proven to increase the most in value. The Submariner is sporty, robust, durable, and has a truly timeless design.

How do I find out how much my Rolex is worth?

How to Value a Rolex WatchBrand. The brand of the watch plays a significant role in the value of the watch. … Model & Serial Number. The most important, and maybe most obvious, factor affecting the value of a pre-owned Rolex watch is the model and serial number. … Materials. … Box & Papers. … Market Value. … Condition.

Can you pawn a Rolex without papers?

So to elaborate on the actual question, yes, you can sell your Rolex without the original papers, but almost certainly, you will get less money for it compared to if you would have the original papers. … Rolex will under no circumstances issue a new guarantee card.

How do I know my Rolex is genuine?

Is Your Rolex Real?Place The Watch Near Your Ear. The first trick is to know a watch’s inner functioning. … Check Out The Watch’s Case Back. … A Poorly Crafted Crown Etching. … Second Hand. … Cyclops Quality. … Engraved Rolex Serial Number. … Texts on the Face. … Surprising Price.More items…•Feb 27, 2019

How much is a Datejust Rolex worth?

Rolex OysterQuartz Datejust values reached prices between $2,700 to $10,800 on the secondhand market, all dependent on condition.

How easy is it to sell a Rolex watch?

As a first-time watch seller you may have asked yourself, “how can I sell Rolex watches in the UK?”. The good news is that when working with a reputable luxury watch buyer, selling your Rolex watch is quick, easy and entirely safe.