Selling your Rolex watch is a worthwhile endeavor with a high reward. Pre-owned Rolex watches are a hot market, and you don’t want to miss out on getting a good chunk of change for your pre-owned Rolex watch.
Rolex watches are one of the best pre-owned products to sell. Most other items that are pre-owned diminish in value. Rolex watches, on the other hand, maintain their value quite well or can even appreciate in value since they are one-of-a-kind luxury goods.
You will need to be smart about selling your Rolex watch. To sell your product and get the most of your Rolex watch, you will have to make sure that you follow the right steps.
We will do an in-depth guide and analysis of the necessary steps to selling your Rolex watch, quick, easy, and at the best price possible.
PINPOINT THE REFERENCE NUMBER
Even though you may know the specific model of your Rolex watch, the buyer may not be able to confirm it just by merely looking at the pictures. That is why finding the reference number of your Rolex watch is a vital step to determining its model.
Finding the reference number for your watch is quite easy. On the side of your watch where the 12 o’clock is positioned, you will be able to locate your Rolex’s reference number.
Each unique Rolex watch model has its own inherent value. You want to make sure that you sell your Rolex watch model at the right market value.
How can you determine the model from the reference number, you might ask? You can look for a world-renown and trusted Rolex watch exchange.
LOCATE THE SERIAL NUMBER
As important as the reference number is the serial number of your Rolex watch. The serial number will help determine the year your Rolex watch was manufactured.
Locating your serial number is as easy as locating the reference number. The serial number will be located on the watch’s side as well but at the 6 o’clock position.
Your Rolex watch’s serial number is important in that it helps determine the year your Rolex watch was created, which also influences your Rolex watch’s value.
Knowing the specific combination of your watch’s model and the year will help immensely in determining the value and sale price of your beloved Rolex watch.
CONFIRM OR PROVE AUTHENTICITY
Knowing the model and year of your Rolex watch is not enough. Making sure that your Rolex watch is the real deal is essential. If you yourself didn’t buy this from Rolex or question its authenticity, you would need to do your research.
You will learn how to determine your Rolex’s authenticity by examining the engraving of the text, the inner guts of the watch, and specific parts used. You’ll be able to spot a fake Rolex with these invaluable tips.
Seeking a Rolex appraiser or expert to determine authenticity will also be extremely helpful if you plan on selling this on your own. You can get an expert to write up a certificate that this Rolex watch is authentic.
RESEARCH THE MARKET VALUE OF YOUR WATCH
Now that we have determined that your Rolex watch is 100% authentic, we can now do some research on your Rolex watch’s market value. The market value of your watch is how much your Rolex watch would sell for.
You can do your own research by searching your Rolex watch on eBay or second-hand Rolex watch buyer and seller websites and see how much your particular watch is selling for.
Another method you can use to determine your specific Rolex watch’s market value is by requesting a quote from a Rolex watch expert or from a trusted pre-owned Rolex company.
One trusted seller you can request a quote from is Mimi’s Jewelry which is owned by David Truong, where you can get an accurate quote for your watch.
SELL YOUR WATCH THROUGH A REPUTABLE DEALER OR ON YOUR OWN
Now that you’ve done your homework on your Rolex watch, you are ready to sell your Rolex. One of the best ways to sell your Rolex watch is through selling through a dealer. You can enjoy hassle-free sales by selling through a Rolex watch dealer.
If you want to sell on your own and potentially sell your watch at a higher price, you can sell on your own. You can sell your Rolex watch on eBay. The downside to that is that you run the risk of not selling as quickly as you may want.
Each method of selling your Rolex watch has its pros and cons, and we encourage you to do what makes you comfortable and what you feel is best for your situation.
When you have your reference number and serial number together, determine your Rolex watch’s authenticity, research your Rolex watch value, and sell it the right way, you will get your money’s worth.
By following these steps, you will get a glimpse of your earning potential for one of the top luxury goods. Sell your Rolex watch now with these steps in mind so that you have the highest return.