Vintage Rolex Red Submariner

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”

Rolex Red Submariner — The 1970s Rolex Oyster Perpetual Submariner 200, aka “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 is 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, a 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

Rolex Red Submariner documentation of authenticity.

Many things factor into the value of a vintage Rolex; condition, rarity, and collectibility are just a few. One major value-added 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 add to the value of the watch.

Use Your Vintage Rolex Red Submariner to Get a Loan

This Red Submariner is in excellent condition and has almost all of the authentication documentation.

If you’re a Rolex collector with a Red Submariner and need cash but don’t want to sell your valuable collector’s 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 are what allow 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 nationwide locations.

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