Many vintage Rolex watches increase in value due to rarity and collectibility. The Rolex Oyster Perpetual Submariner 200 model #1680, commonly referred to as the “Red Submariner,” is one such model.
Why is it called the “Red Submariner”
What makes the Rolex Oyster Perpetual Submariner 200 model #1680 unique is that it was the last version to have “Submariner” written in red. Thus the nickname the “Red Submariner.” Another unique feature of this watch is that it mentions “feet” before “meters” on the dial. These features have made the Rolex Red Submariner a highly sought after watch by Rolex collectors.
Characteristics of the Rolex Oyster Perpetual Submariner 200
The Submariner is one of the most recognizable styles made by Rolex and the Red Submariner has many of the features we’ve come to associate with the Submariner line. It features an automatic 1575 movement with date, waterproof screw-down crown with Rolex logo, bi-directional rotatable black time-lapse diver’s bezel, an acrylic crystal with Cyclops date window, and pierced lugs. The 40mm case is stainless steel with a black bezel and Super Luminous dial. The watch has a stainless steel Oyster (9315) bracelet.
Other Value Adding Factors for Vintage Rolex Watches
Many things factor into the value of a vintage Rolex, condition, rarity and collectibility are just a few. One major value adding factor is original documentation of authenticity. Having the original Rolex inner and outer boxes, chronometer certification papers, model brochures and booklets, information cards, papers wallet, hang tags and even the original receipt of purchase all ads to the value of the watch.
Use Your Vintage Rolex Red Submariner to Get a Loan
If you’re a Rolex collector with a Red Submariner and need cash but don’t want to sell your valuable collectors item Diamond Banc can loan you up to $10,000 depending on the condition and authenticating documentation. Without the original box and papers we’d loan about $8,000.
The collectibility and rarity of this watch is what allows Diamond Banc to loan so much against this watch. For example if you had a brand new stainless steel and ceramic Rolex Submariner Diamond Banc would loan about $5,000.
If you have a Red Submariner or any other new or vintage Rolex and need cash quickly contact Diamond Banc today. You’ll hear back from us with an offer within 24 hours and we can have the loan completed and money in your hands in as little as 48 hours.
You can also visit one of our nation-wide locations.
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