If you’re looking to sell your Rolex, you might find yourself wondering where to start.
Whatever your reason for selling, whether you’re eyeing to upgrade for a newer model or need to cover an urgent expense — you deserve to know what your watch is worth in the pre-owned Rolex market.
This short blog will cover how to get the most out of your selling experience and find a trustworthy, experienced Miami Rolex buyer.
Condition of your Rolex & original watch box/papers?
The first step before seeking an honest Miami Rolex buyer is determining the current condition of your timepiece and looking for any accompanying documents that came with the box.
Although Rolex watches are known to be long-lasting, even the best watches can sustain damage over time. Bumps, scratches, and mechanical dysfunctions can undermine the appraisal stage; therefore, ensure you scrutinize these.
A used Rolex watch will fetch a higher price if its original box and documentation are included. These might consist of any manuals, warranties, or additional genuine accessories that came with it.
Imitation Rolexes are a problem in the secondary market, so if you have the original purchase receipt for your watch, it will enforce trust for your Miami Rolex buyer during the appraisal stage.
Diamond Banc buys Rolex watches with and without their original boxes and papers. However, the latter can add a few hundred, if not thousands, to your offer.
Also, if any repair or restoration work is required on your timepiece, it is recommended that you get it cleaned and serviced by an Authorized Rolex Dealer to pack more punch into your offer.
If you’ve completed this step already, include the service paperwork during the assessment.
How to check the authenticity of your Rolex
To confirm the authenticity of a used Rolex, your Miami Rolex buyer will want to check the following:
Check your reference number
When you sell your Rolex watch, you will need to provide the buyer with a reference number so he or she can identify the exact model.
The model number of your Rolex watch is located between the lugs at the 12′ o clock position (on stainless steel models) or between the lugs at the six ′ o clock position (on Yellow Gold models).
Pulling the metal or Oysterflex bracelet out will reveal the 4 to a 6-digit number inscribed on this area.
If you still have the original box and papers, you may find this number on the certificate of authenticity issued by Rolex.
Check your unique watch serial number
Your Miami Rolex buyer can use the serial number on your Rolex timepiece to determine the exact year of manufacture.
The serial number of your Rolex is unique and engraved near the 6’ o clock mark that can be spotted when viewed from the top inside the crystal glass enclosing.
Research the current market value of your particular model
Like most luxury goods, the value of a Rolex is affected by various factors in the secondary market.
It should be noted that the value of the most used Rolexes is independent of their original retail price.
The price of a pre-owned Rolex watch is driven by supply and demand. When demand exceeds supply, especially for sport models like the Submariner or Sky-Dweller, you can expect to see a pricing advantage.
Rolex watches hold their value better than other luxury brands, with specific models increasing in value over time.
Take the Rolex Submariner, for instance. The new generation of this model saw daylight during the COVID-19 pandemic with a starting retail price of approximately $9,000.
In Q3 of 2022, this model’s average pre-owned market price ranges between $13,000 to 14,000 USD, down by 16% compared to March.
Want to check what your model is worth right now? Check out our Rolex Value Calculator for comparative data on the current prices in the pre-owned market to get a more realistic perspective of its value.
Will I get top dollar if I sell my Rolex in Miami?
Well, it really depends on who you sell it to.
Options like Craigslist, eBay, or some unknown local pawnshop aren’t, by practice, the safest and most profitable way to go on about it.
When you sell your Rolex, it’s essential to work with an experienced and trustworthy Miami Rolex buyer like Diamond Banc, who can help you through the process while getting you top dollar for your timepiece.
Diamond Banc has established a richly diverse and extensive network of Rolex dealers, retailers, and private collectors.
Our collaborations with these individuals allow us the unique ability to pay more for your Rolex watch due to the immediate access of top buyers around the country.
If you wonder who buys used Rolex watches with the highest return in the magic city — the answer is Diamond Banc!
Can I trust a Miami Rolex Buyer like Diamond Banc?
Last but not least, trust, integrity, and transparency.
We believe selling should be a rewarding experience, where you can witness the entire selling process in a luxurious and personal atmosphere.
Dishonest pawnshops, for instance, deliberately taunt sellers by offering an unrealistic offer, then call back with significantly reduced offers once they receive the timepiece.
Come to Diamond Banc if you’re looking for the most transparent and experienced Miami Rolex Buyer with a reputation for honoring offers.
We encourage you to navigate search results on Google with the query “Rolex buyers near me” and feel free to compare quotes for yourself.
As a matter of fact, we may even encourage you to consider getting a loan secured by your Rolex (as an option) if you don’t want to part ways for good with your favorite luxury brand watch.
Diamond Banc is the best place to sell Rolex online or in-person at one of our 2 locations in the greater Miami area:
Get started with a simple evaluation to see what your Rolex could be worth!
Our knowledgeable and customer-friendly Market Directors are here to make the process comfortable, convenient, and fully transparent from start to finish.
Diamond Banc’s primary goal is to make you feel 100% confident about selling your watch at the best price with the right people.