THINGS TO REMEMBER WHEN SELLING A ROLEX WATCH

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If you’re looking to sell a Rolex watch, there are a few things to keep in mind to get an accurate estimate of its value. While the value of a Rolex tends to remain consistent over time, factors like the model number, condition, demand, and other accessories all influence the real market price of a Rolex.

REFERENCE NUMBERThe first item to look for when determining the value of your Rolex is the reference or model number. The reference number is a 4-6 digit number engraved on the case’s side, between the lugs at noon. Removing the watch bracelet or strap is the only way to view the reference number since it’s in-between the lugs at noon.

Rolex watches with the right paperwork may also reveal the model (style) number within the relevant documents. A Rolex watch’s reference/model/style number provides the most information regarding your timepiece: collection, material, movement, and so on.

SERIAL NUMBER

The serial number is either on the case or in between the lugs at 12 o’clock for any Rolex model year. The engraved serial number is located between the lugs at 12 o’clock with pre-2005 watches. To view the serial number, you must first remove your Rolex bracelet or strap.

Rolex began engraving the case in 2005, and as of 2008, only the rehaut was inscribed. Apart from the watch, the serial number may also be found on Rolex’s corresponding paperwork.

MARKET VALUE

After you’ve discovered the Rolex model and serial numbers, you can look up the watch’s market value. Some people who own luxury timepieces place a higher worth on it than it truly deserves.

It’s critical to keep in mind that a Rolex’s market value is determined by how much someone is willing to pay for it, not only by how much you paid for it and how much sentimental worth it has. Naturally, rare items will sell for a higher price than more common ones. The idea of Bob’s Watches’ Rolex Exchange can assist you in determining the present market value of your watch, in addition to showing you what your Rolex model has recently sold for at auctions.

CONDITION

If you’ve ever wanted to buy a Rolex, you know how valuable the condition of one is. If you’re thinking about selling a Rolex, be sure to consider the wear and tear on it. NOS (new old stock) watches are pre-owned timepieces that have not been worn but rather protected for many years. Because they are new watches in mint condition, these Rolexes are worth a lot.

When it comes to vintage Rolex wristwatches, however, assessing their condition when looking to sell your watch is difficult.

Collectors seek for a variety of indications of age, such as tropical dials (when the dials change colour owing to a manufacturing fault) and patina (hand-and-hour-marker colour change). It’s not necessary to polish a Rolex when it’s serviced. The more distinctive components a Rolex has, such on its unique bracelet, dial, or bezel, the more valuable it is.

BOX & PAPERS

When you’re selling a Rolex, the box and paperwork that come with it are worth more. These are things that watch purchasers seek out when purchasing a used Rolex timepiece.

The Rolex company also offers several other services. The first is the Rolex Service Centre, which is open Monday through Friday from 9 a.m. until 6 p.m., and Saturday from 10 a.m. until 4 p.m., with extended hours on holidays (50 miles away).

Visit your local service centre to get your watch serviced by our expert technicians for as low as £50 per hour (plus tax) when it comes to repairs or cleaning! 

Not only do the original box and papers authenticate a specific Rolex, but if the timepiece was stored in its box rather than just placed loosely in a drawer, it is more likely to be in better condition. When you’re ready to sell your Rolex, we recommend getting in contact with Cheshire Chrono Solutions, who will be able to offer you a competitive price for your watch.

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