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re: Inherited a Rolex. Update

Posted on 5/4/15 at 8:42 pm to
Posted by Jake88
Member since Apr 2005
68183 posts
Posted on 5/4/15 at 8:42 pm to
quote:

not nb4: unless it was worn by Geo Washington or Abe Lincoln it's a trinket, jewelry is not an investment, and does not appreciate


What? Go take a look at timezone's sales pages and you'll see that rolexes that cost a couple thousand 20 years ago are selling for twice that amount and more. Would I call it an investment? No, as a stock might have appreciated more, but you cannot say that Rolexes, Omegas, Audemars, Vacheron and Constantine and similar watches don't appreciate.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 5/4/15 at 8:44 pm to
quote:

but you cannot say that Rolexes, Omegas, Audemars, Vacheron and Constantine and similar watches don't appreciate.



convert the dollars into current dollars or vice versa, they don't appreciate
Posted by highcotton2
Alabama
Member since Feb 2010
9400 posts
Posted on 5/4/15 at 8:47 pm to
quote:

jewelry is not an investment, and does not appreciate


1665, 16660, and especially 5517 could be bought fairly reasonable in the past now try to buy one.
Here is a military 5513 that I thought was fairly questionable and it bid up to $50000 and the guy no sold it.
5513
Posted by Gaston
Dirty Coast
Member since Aug 2008
38968 posts
Posted on 5/4/15 at 8:50 pm to
A 36mm watch is too small these days. Sucks, but vintage watches like that just aren't as cool as they be if the dial was a bit bigger. Just an opinion.
Posted by Navytiger74
Member since Oct 2009
50458 posts
Posted on 5/4/15 at 8:52 pm to
quote:

but you cannot say that Rolexes, Omegas, Audemars, Vacheron and Constantine and similar watches don't appreciate.


There are models and specialty pieces that appreciate, but as a rule watches don't appreciate--no matter what your watch dealer tells you.

Watches in general are not a financial investment. It's laughable that people still try to sell that line (not you, but the people who sell watches). They are vanity pieces, like many other high-dollar items. And I have 3 Omegas. I love em, but they aren't anything special and they aren't appreciating. They just tell people that I put some thought into everything I put on my body. My favorite watch is a $1000 Hamilton Khaki Navy UTC.
This post was edited on 5/4/15 at 9:00 pm
Posted by Hammertime
Will trade dowsing rod for titties
Member since Jan 2012
43030 posts
Posted on 5/4/15 at 8:59 pm to
I have had it polished twice in four years. Every time I hit it, it gets scratched. Real PITA
Posted by TigerBait2008
Boulder,CO
Member since Jun 2008
32410 posts
Posted on 5/4/15 at 9:37 pm to
What a fricking loser..
This post was edited on 5/4/15 at 9:38 pm
Posted by Restomod
Member since Mar 2012
13493 posts
Posted on 5/4/15 at 9:39 pm to
quote:


Inherited a Rolex. Wondering it's worth?
A 36mm watch is too small these days. Sucks, but vintage watches like that just aren't as cool as they be if the dial was a bit bigger. Just an opinion.



And anything over 42mm you look like a clown trying too hard unless you are 6'5.
Posted by CidCock
Member since Sep 2007
Member since Feb 2011
8631 posts
Posted on 5/5/15 at 6:55 am to
quote:

And anything over 42mm you look like a clown trying too hard unless you are 6'5.


This is a stretch.

But for me, I'm 6'0 180 and don't have huge wrists, my Seiko 007 is about as large as I can really go. I like the Steinhart Ocean 1, but they are just too big for me.
Posted by AubieALUMdvm
Member since Oct 2011
11713 posts
Posted on 5/5/15 at 7:15 am to
quote:

It was a slow build but this thread has truly delivered


Pure entertainment
Posted by TigerHam85
59-024 Kamehameha Highway
Member since Nov 2009
31493 posts
Posted on 5/5/15 at 7:20 am to
quote:

A 36mm watch is too small these days.


No. My every day beater is 37 and it's a great size for daily activities.
Posted by TigerHam85
59-024 Kamehameha Highway
Member since Nov 2009
31493 posts
Posted on 5/5/15 at 7:23 am to

quote:

And anything over 42mm you look like a clown trying too hard unless you are 6'5.


this is as dumb as a 36 being too small.

I'm 5'9 and have a 37, 42 and 46 as my weekly wearers. I use to have a 53 uboat but will admit that it was too much, so I got rid of it.
Posted by meangene323
Baton Rouge
Member since Jan 2004
805 posts
Posted on 5/5/15 at 7:26 am to
Nash, I didn't ready the whole thread but if you take off the bracelet you should see ther serial number which you could look up on the Rolex site or google. When you look up the serial number, it should tell you what model and year
Posted by LSU alum wannabe
Katy, TX
Member since Jan 2004
26982 posts
Posted on 5/7/15 at 8:32 am to
Not going through all of these pages?

What was the overall size, 32-36mm case?

If not a special serial or transitional Rolex, its probably not worth as much as you think. But some DO appreciate. The OP got it for free. His family member paid very little compared to what a replacement would be worth.

Does the OP have a wife or SO that he would want to give it to? These watches look good on women. They are the size now that women wear. 50 years ago women wanted something no bigger than a bracelet and men wore 35mm watches. If she loves the watch and you love her and TRUST her, give it to her.
Posted by LSU alum wannabe
Katy, TX
Member since Jan 2004
26982 posts
Posted on 5/7/15 at 8:53 am to
quote:

If I went with Rolex Sub, would I bet any worse off getting a birth year


You would likely spend less money this way. But a new watch will cost more and have no need for servicing and a better movement




I am a 1973 model.

Rolex Sub? Did Rolex make SeaDwellers in 1973? And what material for the crystal in 1973?

I got birth year razors but not a watch.

Razors are cheaper.
Posted by achenator
Member since Oct 2014
2944 posts
Posted on 5/7/15 at 10:02 am to
"There are models and specialty pieces that appreciate, but as a rule watches don't appreciate--no matter what your watch dealer tells you.

Watches in general are not a financial investment. It's laughable that people still try to sell that line (not you, but the people who sell watches). They are vanity pieces, like many other high-dollar items. And I have 3 Omegas. I love em, but they aren't anything special and they aren't appreciating. They just tell people that I put some thought into everything I put on my body. My favorite watch is a $1000 Hamilton Khaki Navy UTC."


Rolex holds their own better than most on this. By steady price increases and not coming out with too many models they protect they somewhat protect the value. My sea-dweller I paid $3k for in 1997 is worth $5-6k on the watch forums. I have a a panerai and a omega planet ocean that are tanking but luckily I got them for 35% off. Because of this I would never walk into a boutique and pay anywhere near retail. I like to flip my watches too much.
This post was edited on 5/7/15 at 10:15 am
Posted by Gaston
Dirty Coast
Member since Aug 2008
38968 posts
Posted on 5/7/15 at 10:11 am to
I was wearing either of my 39s before I bought my Stowa, and they weren't small at all. I'm generally attracted to watches with very little bezel, a large dial to case width ratio, and the dials on many of the old 36s just look way too small to my eye.


Posted by LSU alum wannabe
Katy, TX
Member since Jan 2004
26982 posts
Posted on 5/7/15 at 10:51 am to
quote:

many models they protect they somewhat protect the value. My sea-dweller I paid $3k for in 1997 is worth $5-6k on the watch forums.


Two words..... Red Seadweller.

Or 2 more.... Red Submariner.
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 5/7/15 at 10:53 am to
That's what my wife has. Crystals on numbers LOL. Yeah, they're diamonds.
Posted by NashBamaFan
Nashville
Member since Mar 2011
2947 posts
Posted on 5/16/15 at 1:52 pm to
Just an update. Watch was real for all the people trying to say it was not. Took it to an authorized Rolex dealer and received an offer of 1050.00. Tried a gold/jewelry buyer and was offered about the same. Decided that we would try to sell to an individual instead of someone that had to make money after buying it. 2 days on CL and it was sold for 1750.00. Thanks for the help/advice and the grammar lesson.
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