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buying 2nd hand Rolex

Discussion in 'Off Topic' started by jonspencer, Apr 11, 2015.

  1. jonspencer

    jonspencer Silver Member

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    any MPers out there with experience?

    I understand a Rolex that is in good shape is like a commodity, more or less a similar price worldwide.

    however with recent drops in the Yen and EURO, there are definitely better deals around from what I have read online :eek:

    anybody have any recommendations?
     
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  2. Newscience

    Newscience Gold Member

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    Some free advice, so take it FWIW:
    - why do you want to own a Rolex? status? a good timepiece? a potential heirloom? Thinking about this might help you to decide whether a Rolex, or which model of Rolex, would be best for you.
    - you may want to consider buying a Rolex from a trusted local jeweler who specializes in these timepieces. Or if you decide to buy one elsewhere, get a guarantee, and bring it to your trusted jeweler for an evaluation.
    Good luck! ;)
     
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  3. jackplum
    Original Member

    jackplum Gold Member

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    My daughter bought two in Shanghai for me. Cost her about $9

    One is an amazing knockoff. No external discernible difference

    If I was to buy a watch, however, I would most likely get a Breitling
     
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  4. uggboy
    Original Member

    uggboy Gold Member

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    satman40, jackplum and Newscience like this.
  5. Newscience

    Newscience Gold Member

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    BTW, the old Rolex watches were notoriously bad watches for maintaining accurate time. Current Rolex owners are welcome to respond as to their accuracy. ;)
     
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  6. jackplum
    Original Member

    jackplum Gold Member

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    One of my "Rolex" watches keeps almost perfect time. I have not needed to adjust it in more than two years as it is within 30 seconds of WWV. That is good enough for me. The other one varies quite a bit but for less than $10 for both who can argue!
     
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  7. Newscience

    Newscience Gold Member

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    You can rest assured that, at that price, that one of the few things a$10 watch has in common with an authentic Rolex is that they both have an hour and a minute hand! :p
     
  8. jackplum
    Original Member

    jackplum Gold Member

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    I will try to post a pix of it - looks pretty real.
     
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  9. marcwint55

    marcwint55 Gold Member

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    If you buy a used Rolex at a fair price, it will hold it's value and possibly increase.
    Be aware that they are not the greatest timekeepers, but are very rugged and durable watches.
    I have five different models and they are always 5 minutes early or late after wearing them a while.
    The dealer cost on a new rolex is around 60% of the list price for anyone who is interested.
     
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  10. satman40

    satman40 Gold Member

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    Rolexforums,com has some AD, that sells some demos.,and a great place to visit, they also have other brands section, along with repair contacts, I have been know to wear one while visiting friends, in other countries,

    Rolex has a quota and a price point with Jewler,
    the jewler can offer you a trade in,

    I bought a Rolex Cellini, I have a Datejust, silver and gold, always needs polished and winding, I do like it, the Cellini is more of a dress watch,

    My old Radio looks like the day I bought it, never needs winding, 40 years ago, just had it rebuilt $150.00.

    I do not know dealers cost, but I do know I will never walk out with in at their cost,,,

    Most of the time I tell anyone that ask, I say it is a copy, my watches have sentimental value and will be passed on, I have never regretted buying any of them,
     
    Last edited: Jul 23, 2017
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  11. leonard_hartmann

    leonard_hartmann New Member

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    I lost my watch, which I got from my grandfather ... Now I'm thinking about buying new watches. What do you advise?
     
  12. satman40

    satman40 Gold Member

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    Take an old watch and trade it in, they are price protected, but very generous with the value of your trade in,,

    Again check the https://www.rolexforums.com/
     

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