Welcome to our comprehensive guide to Rolex Submariner used prices. If you’re a watch enthusiast, you know that Rolex Submariner is a timeless classic that has been a favorite of many collectors for decades. Not only does it have a long history and is a status symbol, but it’s also a robust and reliable timepiece that is perfect for diving. In this informative article, we will delve deeper into the world of Rolex Submariner used prices – how to buy, sell, and trade them and the benefits and drawbacks of doing so. So, let’s dive in and explore the world of Rolex Submariner used prices!
The Top 7 Things to Know About Rolex Submariner Used Prices
1. What Factors Affect Rolex Submariner Used Prices?
There are several factors to consider when it comes to Rolex Submariner used prices. The first and most obvious factor is the condition of the watch, followed by its rarity, age, and demand. The precious metal and finishing materials used in the watch also play a significant role in determining its price. Additionally, any additional features such as diamonds or special editions will increase the value of the watch.
2. What Is the Average Price of a Used Rolex Submariner?
The average price of a used Rolex Submariner varies depending on the model, condition, and year it was produced. However, based on recent market trends, the average price ranges from $7,500 to $20,000. If you’re lucky enough to get your hands on a vintage Rolex Submariner, you can expect to pay significantly more.
3. How Do You Authenticate a Rolex Submariner?
When buying a used Rolex Submariner, it’s crucial to authenticate the watch to ensure that it is genuine. The best way to do this is to look for specific markers such as the hologram sticker, the crown logo, and the serial number. It’s also essential to check the movement and any other components for signs of wear and tear or replacement. If you’re still unsure, it’s best to have the watch verified by a professional.
4. What Is the Best Way to Buy a Used Rolex Submariner?
The best way to buy a used Rolex Submariner is to purchase it from a reputable dealer or trusted seller. Online marketplaces like eBay and Craigslist are not recommended as it’s challenging to authenticate the watch and you may end up with a fake. It’s also essential to do your research beforehand, know what you’re looking for, and only buy what you can afford. If you’re on a limited budget, consider purchasing a pre-owned Rolex Submariner from a trusted dealer, as this is a cheaper alternative to buying a brand-new one.
5. What Are the Advantages of Buying a Used Rolex Submariner?
One of the significant advantages of buying a used Rolex Submariner is that you can get it at a lower price than a brand-new one. This is especially helpful if you’re on a budget or don’t want to pay full price for a new watch. Additionally, a used Rolex Submariner has a history and character that is unique to that particular watch. It’s a conversation starter and will make you feel a connection to the watch.
6. What Are the Disadvantages of Buying a Used Rolex Submariner?
The main disadvantage of buying a used Rolex Submariner is that you run the risk of getting a fake or replica watch. Additionally, it may not come with the original box, papers, or accessories. There may also be some wear and tear on the watch that is not visible in photos, which can reduce its value. Lastly, buying a used watch means that you may have to spend extra money on repairs and maintenance.
7. Should You Invest in a Used Rolex Submariner?
Investing in a used Rolex Submariner is a smart move if you know what you’re doing. If you’re a collector or an enthusiast, buying a pre-owned Rolex Submariner can add value to your collection. However, it’s essential to buy from a reputable source and know what you’re looking for to get the most out of your investment. Additionally, it’s crucial to take good care of your watch and maintain it to preserve its value.
The Pros and Cons of Buying a Used Rolex Submariner
Pros:
1. Great Value for Money
One of the significant advantages of buying a used Rolex Submariner is that you can get it at a lower price than a brand-new one. This is especially helpful if you’re on a budget or don’t want to pay full price for a new watch. Additionally, a used Rolex Submariner has a history and character that is unique to that particular watch. It’s a conversation starter and will make you feel a connection to the watch.
2. A Wider Range of Choices
Buying a pre-owned Rolex Submariner opens up a wider range of choices. You’re not limited to the current models available in stores but can find rare and vintage models that are no longer in production. This gives you a chance to own a unique timepiece that is not available to everyone.
3. The Watch Has a Story
Every used Rolex Submariner has a story to tell. It has lived a life and has a personality that is unique to that particular watch. The watch may have been worn by a famous person or traveled to exotic locations around the world. Owning a used Rolex Submariner adds a level of depth and character to your watch collection.
4. A Timeless Classic
The Rolex Submariner is a timeless classic that has been a favorite of many collectors for decades. It’s a watch that never goes out of style and is always in demand. Owning a used Rolex Submariner means that you’re part of a long history and tradition of watch enthusiasts who appreciate quality and craftsmanship.
Cons:
1. Risk of Buying a Fake or Replica Watch
Buying a used Rolex Submariner carries the risk of purchasing a fake or replica watch. It’s essential to authenticate the watch before purchasing it to ensure that it’s genuine. Many buyers fall victim to fraudulent sellers who sell fake watches at the price of an original watch. It’s essential to do your research and buy from a reputable source to avoid this risk.
2. Maintenance and Repair Costs
Buying a used Rolex Submariner means that you may have to spend extra money on repairs and maintenance. The watch may have some wear and tear that’s not visible in photos, which can reduce its value. Additionally, as with any watch, regular maintenance and servicing are required to keep it running smoothly. These costs can add up over time and should be factored into your purchasing decision.
3. Limited Warranty and Return Policy
Buying a used Rolex Submariner typically comes with a limited warranty and return policy. The warranty may not cover all components of the watch, and the return policy may be limited to a few days after purchase. It’s essential to read the fine print and understand the terms and conditions before making a purchase.
4. Risk of Reduced Value
Buying a used Rolex Submariner carries the risk of reduced value. The watch may have some wear and tear that’s not visible in photos, which can decrease its value. Additionally, as the watch gets older, its value may decrease over time. It’s essential to keep the watch in excellent condition and get regular maintenance to preserve its value.
The Complete Guide to Rolex Submariner Used Prices
Below is a table that contains all the complete information about Rolex Submariner used prices:
| Model | Year | Condition | Price |
|---|---|---|---|
| Submariner 16610 | 1990 – 2010 | Good | $7,500 – $12,000 |
| Submariner 16613 | 1990 – 2010 | Good | $8,500 – $14,000 |
| Submariner 16618 | 1990 – 2010 | Good | $12,000 – $20,000 |
| Submariner 116610LN | 2010 – present | Good | $8,500 – $11,000 |
| Submariner 116613LB | 2010 – present | Good | $9,500 – $12,000 |
| Submariner 116618LB | 2010 – present | Good | $15,000 – $20,000 |
The Top 13 FAQs on Rolex Submariner Used Prices
1. Can I buy a pre-owned Rolex Submariner online?
Yes, you can buy a pre-owned Rolex Submariner online. However, it’s essential to do your research beforehand and buy from a reputable source.
2. What should I look for when buying a used Rolex Submariner?
You should look for specific markers such as the hologram sticker, the crown logo, and the serial number. It’s also essential to check the movement and any other components for signs of wear and tear or replacement.
3. How do I authenticate a Rolex Submariner?
You can authenticate a Rolex Submariner by looking for specific markers such as the hologram sticker, the crown logo, and the serial number. Additionally, it’s essential to check the movement and any other components for signs of wear and tear or replacement.
4. Are pre-owned Rolex Submariners a good investment?
Yes, pre-owned Rolex Submariners can be a good investment if you know what you’re doing. The value of the watch increases over time, and if you take good care of it, it can be a valuable addition to your collection.
5. Is it better to buy a new or used Rolex Submariner?
It depends on your budget and preference. If you’re on a budget, a pre-owned Rolex Submariner can be a cheaper alternative to a brand-new one. However, if you prefer a brand-new watch and can afford it, then buying a new Rolex Submariner may be the better option.
6. Can I negotiate the price of a pre-owned Rolex Submariner?
Yes, you can negotiate the price of a pre-owned Rolex Submariner, but it depends on the seller. It’s essential to do your research beforehand and know the market value of the watch to make an informed offer.
7. Can I trade in my old Rolex Submariner for a new one?
Yes, many dealers offer trade-in options for old Rolex Submariners. It’s essential to do your research beforehand and know the value of your watch to get the best deal.
8. How often should I service my Rolex Submariner?
You should service your Rolex Submariner every four to five years to keep it running smoothly and maintain its value.
9. How do I store my Rolex Submariner?
You should store your Rolex Submariner in a dry and cool place, away from direct sunlight and moisture. It’s also essential to keep it in its original box or a watch winder to preserve its value.
10. Can I wear my Rolex Submariner while diving?
Yes, the Rolex Submariner is a diving watch and is designed to be worn while diving. It’s water-resistant up to 300 meters.
11. What’s the difference between a vintage and pre-owned Rolex Submariner?
A vintage Rolex Submariner is a watch that is over 20 years old and is no longer in production. A pre-owned Rolex Submariner is a watch that has been previously worn but is still in good condition and is available for purchase.
12. Will my Rolex Submariner increase in value over time?
Yes, typically, a Rolex Submariner increases in value over time as it becomes rarer and more collectible. However, this is not always the case, and the value may decrease over time if the watch is not maintained correctly.
13. What is the most collectible Rolex Submariner?
The most collectible Rolex Submariner is the Rolex Submariner Reference 5513, which was produced from 1962 to 1989. It has a simple, classic design and is highly sought after by collectors.
Conclusion
We hope that our comprehensive guide to Rolex Submariner used prices has been informative and helpful. As you’ve seen, buying a pre-owned Rolex Submariner can be a smart investment if you know what you’re doing. However, it’s essential to do your research beforehand and buy from a reputable source to avoid getting a fake watch. Additionally, regular maintenance and servicing are necessary to keep your watch running smoothly and preserve its value. So, go ahead and start exploring the world of Rolex Submariner used prices – you never know what treasures you may find!
Closing Disclaimer
The information presented in this article is for educational purposes only and should not be taken as financial or investment advice. Investing in a pre-owned Rolex Submariner carries risks, and it’s essential to do your research beforehand and seek the advice of a professional if you’re unsure about anything. Additionally, prices and market trends may vary, so it’s crucial to stay up to date with the latest information before making any purchasing decisions.