If you were to ask someone to name a luxury watch brand, the Rolex would probably be the first that they would list.
Because of its craftsmanship and style, this type of watch has both a new and pre-owned market. In fact, the 1968 Rolex Daytona that Paul Newman wore sold in 2017 for 17.8 million dollars!
If you have a Rolex that you are looking to part ways with, you may be asking yourself, “How to sell my Rolex watch”? There are a few key pieces of information you need to look for to get the best price for your timepiece.
Keep reading to learn about what you need to know before you sell your Rolex watch.
About the Rolex
Although most people think of Rolex as a Swiss brand, it actually started in 1905 in London. The classic style and exceptional quality are what make Rolex watches so sought-after.
The popularity of these Swiss watches has a downside. The Rolex is the most counterfeited of any watch brand. Sadly, there are more fake Rolex watches made and circulated than real ones each year.
Determining Your Rolex’s Worth
When you have decided to sell your Rolex, the first thing you will do is to gather your paperwork. The original sales receipt will help your buyer determine a sale price for your watch.
If you’ve had any work done on your Rolex, bring that paperwork along too. This shows the buyer that you cared for your watch and could help increase their offer.
Do you still have the box that your Rolex came in and the papers that came with it? Make sure to bring those along too. The more information and artifacts your buyer has, the better the price you can get for your watch.
Your Rolex’s Condition
One of the first things that a buyer will look for in pre-owned Rolex watches is what condition they are in. Because the watch is not brand new, the condition can influence the price you will get.
A pre-owned Rolex that you have never worn and is still in its original condition is in New Old Stock condition. A watch in this condition will get a top resale price. If it is a highly desirable model, a NOS watch can even sell for above market value!
Determining the condition of your Rolex can be tricky when it is vintage. Some Rolex collectors are looking for particular signs of age found on a vintage Rolex. These markings can make a Rolex more collectible and get you more money for your watch.
Even if you have worn your watch, as long as you have taken care of it, you can still make money off of it.
Finding the Reference Number
If you have lost your original Rolex paperwork, don’t worry! You can still find the information you’ll need to bring to your buyer if you know where to look.
You’ll want to figure out how much your Rolex cost when new. To do this without the original paperwork you will have to locate the reference number.
Remove the wristband and look on the side of the watch face case. You are looking for a four or six-digit code underneath where the wristband would be.
The reference number is the model number of your Rolex. Once you know this, you can look up how much your Rolex is worth.
All About the Serial Number
One of the things that these Swiss watches have engraved on them is a unique serial number. Because these serial numbers are specific to each watch, it is important that you do not make them public. A counterfeiter could steal the number and try to pass off a fake watch as the real deal.
You can find the serial number on watches made in 2004 or earlier on the case behind the watch band. If you have a watch from 2005, you can find the reference number on the ring that sits between the dial and the crystal.
Understanding Rolex Value
When it comes to how much a Rolex watch is worth, there are two values to understand. A retail value is what Rolex model watches sell for when they are brand new. Market value is how much pre-owned Rolex watches are worth.
Pre-owned watches may not get retail value because of normal wear and tear. This rule can get tricky with vintage watches as some rare styles can go for above retail price.
How to Sell My Rolex
When you are ready to sell your Rolex, there are several different places where you can go to get the job done.
If you want to sell your Rolex in person, you can head to your local pawn shop or jewelry store. Most of these locations will evaluate your Rolex and buy them off of you.
Selling your Rolex online is a convenient way to make some extra money! There are many online auctions and second-hand jewelry sites that will buy your Rolex.
Gold Buyers Near Me is a great place to sell your Rolex watch. We offer a simple buying process, free insurance, and high payouts for your watch.
Make Some Extra Money by Selling Your Rolex Today!
If your Rolex is collecting dust, it may be time to make some extra money by selling it! Understanding the specifics of your watch will help you figure out how much your watch is worth and help get you the highest sale price.
When you are ready to sell, make sure to choose a reputable site with experience handling pre-owned Rolex watches.
If you are asking yourself, “how can I sell my Rolex,” we can help! Here at Gold Buyers Near Me, we can get you the most money for your pre-owned Rolex quickly and securely.
Contact us today to get your free appraisal kit and get the selling process started!