So you’ve finally decided to sell your Rolex watch either because you need the money or to upgrade to a better model — but where do you begin?
Investing in a Rolex is smart; therefore, selling it to the secondary market should be hassle-free, secure, and profitable.
In this short guide, you will learn about determining the worth of your timepiece in the pre-owned market and making sure you find a decent Orlando Rolex buyer who will pay you top dollar.
Is my Rolex in good shape?
Your starting point to finding a decent Orlando Rolex buyer is to acknowledge the current physical condition of your piece and see if you still got the original box and papers that came with your Rolex watch.
Despite the fact that Rolex watches are famed for their toughness and quality craftsmanship, they can bear damage over time like any other luxury good. Scratches, dents, and mechanical malfunctions can compromise their appraisal value; therefore, you should consider these.
Do I still have the box and papers?
The price of a second-hand Rolex watch is higher if it comes with the original box and documentation, consisting of any manuals, warranties, or additional genuine accessories.
Fake Rolexes are widespread in the pre-owned market, so if you have the original buying receipt by any chance, it will definitely speed up the process for your Orlando Rolex buyer during the watch assessment phase.
Diamond Banc will purchase your Rolex watch even if you don’t have the original box and papers. Just remember that if you do, it will significantly boost your offer.
Revealing the model and year of manufacture of your Rolex
To confirm the authenticity of a used Rolex, your Orlando Rolex buyer will want to check the following:
Look for your reference number
When selling your Rolex, you must supply your Rolex buyer with a reference number to correctly identify your timepiece’s exact model.
This number is found between the lugs at the 12′ o clock position (on stainless steel models) or between the lugs at the 6′ o clock position (on Yellow Gold models).
A four- to six-digit number is inscribed on the Oyster case at the exact area where the bracelet or strap is held firmly.
If you have the original box and papers for your Rolex watch, you can find the model number on the certificate of authenticity.
Look for your unique serial number
Your Orlando Rolex buyer can utilize the serial number on your Rolex watch to define what year your piece was manufactured.
The serial number of your Rolex watch is engraved close to the six o’clock mark. You will be able to see this number when you look into the glass enclosure from above.
Understanding current market realities for your Rolex
Similar to highly-sought after luxury goods, the value of a particular Rolex watch model is primarily driven by factors such as demand and supply in the pre-owned market.
From the start of the pandemic to 2022, prices of sport models hiked up until the summer, when numbers began plummeting.
One important principle to understand is the difference between retail and market value. It should be noted that the value of the most used Rolexes is independent of their original retail price.
When supply is lower than demand, especially for Rolex models like the GMT-Master II or black dial Daytonas, you can expect to see a pricing advantage that works in your favor.
Rolex watches retain their value over time better than other luxury brands, with specific models appreciating in value over time.
For example, the Rolex GMT-Master II “Batman” with a gorgeous black and blue bezel.
Released in 2018 with a fresh new look and movements, this model debuted at Rolex Authorized Dealers with a price tag of roughly $10,500.
During Q3 of 2022, the GMT-Master II sold like hotcakes in the pre-owned market for an average of between $24,000 to $30,000, down by 20% compared to March of the same year. Even after the downfall, this watch can still sell for about 88% above the original MSRP!
Check out our Rolex Value Calculator for comparative data on the up-to-date prices in the secondary market to get a genuine picture of what your watch could be worth right now.
Sell my Rolex in Orlando and get the highest payout
Now that you have a ballpark figure of how much your Rolex can go for, it’s time to decide who to sell it to.
Let’s begin with options that won’t get you the highest dollar, quality customer experience, and, more importantly, a safe transaction.
- Craigslist: Who wants to meet a stranger with a luxury watch worth thousands?
- eBay: Many people fall victim to fake PayPal payment confirmations and give away their Rolexes to thieves thinking they got the greatest deal ever.
- Online auction sites: This can be a prolonged method during which you will not get the professional guidance and expertise of a Rolex watch connoisseur.
- Pawnshops: Pawnshops do not always make their dealings clear and are often guilty of lowballing and pressuring people to accept offers.
When you sell your Rolex watch, dealing with a trained and trustworthy Orlando Rolex buyer like Diamond Banc is paramount.
Over the years, we’ve established a richly diverse and vast network of Rolex dealers, retailers, and private collectors and never put all of our eggs in one basket.
Through our relationships with these individuals, we can offer you a higher price for your Rolex watch and access to qualified buyers across the nation.
Is Diamond Banc a trustworthy Orlando Rolex Buyer?
We believe in creating a rewarding experience for our customers, providing them with a luxurious and personal atmosphere.
Diamond Banc was founded on values such as trust, transparency, and integrity. We strive for excellence in our daily business practices and explain to customers in a detailed manner how we have arrived at an offer.
For example, certain malicious pawnshops may intentionally offer an unrealistically high price for your Rolex and then call you back to offer only a tiny fraction of that amount.
At Diamond Banc, we always honor our quotes. Simply put, we hate to bait.
We recommend you search Google with the query “Rolex buyers near me” and then compare quotes on your own.
If you’re looking for the best place to sell Rolex online, you can get started from the comfort of your home by filling out this simple form and describing your item.
If you prefer a one-on-one setting, we welcome you to our Orlando office for a risk-free, no-obligation evaluation with our superbly talented Market Director, Deena Maali — Call (407) 232-7688 to book an appointment and meet her in person!
Diamond Banc makes the process easy, convenient, and customer-focused so you can feel absolutely confident when you sell your Rolex watch for the best payout in town.
Looking to sell us your jewelry instead? Visit our Orlando Jewelry buyer page here!