Selling a Rolex watch has its advantages and its disadvantages. It is most likely sad to part with such a beautiful piece of jewelry, but if you need money and sell the watch to right place; you will usually get a fair price for this type of watch. If the Rolex is old, it is easy to get confused over the value of an item, because it is older or has sentimental value. If you decide to sell your Rolex watch, although they do have a significant value in some cases, it is important to remember that sentimental value does not carry the same weight as monetary value.
Where to sell Rolex Watches that are Used
Before selling your Rolex, there are a few key points to keep in mind that will help you get the best price for the watch. Inspect the watch for any flaws and check the band. A band that is tight will be more valuable than a watch with a loose or worn out band. The dial is an important part of a Rolex watch, so check for any slight blemishes and if there are slight scratches, do not get the watch refurbished, because it decreases the value. The type of material the watch is made from will also determine the value. The majority of buyers interested in a Rolex want those that are made from yellow gold, white gold or platinum, however, stainless steel can also be valuable. If you have the original papers and box, the value will increase.
Source: bocaratonpawn.com via Raymond on Pinterest
There are few options available as to where you can sell your Rolex, an online auction, a Rolex dealer or a local jeweler. All three options have their benefits and disadvantages. Selling a Rolex through an online auction allows you to set the price and refuse to sell for any lower than your asking price, however, the watch may not sell and if you are in need of quick money, you may lose money by re-listing the item. A Rolex dealer will usually buy the watch from you; however, they typically expect the papers and box to be with the watch and will not give you as much without them.
Local, privately owned jewelry shops are the best option for selling a Rolex. Privately owned jewelers such as Raymond Lee Jewelers in Boca Raton will offer you a fair price with or without the box and papers for the watch. Small, local jewelers rely on their customers to spread the word about their fairness and reliability as a way to get more customers in the store, so a privately owned jewelry store is the best place to sell your Rolex and get the fairest price.
Staff Writer. All staff writers are freelance Internet research bloggers.
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