Why sell your Rolex to us?
Unlike many national and local Rolex buyers, we are able to authenticate your Rolex and value your watch on the spot. So if you drop your watch off at our store, we can pay you on the spot. Or we can arrange collection of your watch and pay you on collection! Many Rolex buyers and Jewellers require your watch to be sent off to a central HQ or Office for final valuation even if you bring the watch into one of their local branches. This means it may take weeks for your watched to be processed and receive payment. Often when Rolex buyers have your watch in their possession they will then be in a powerful position to renegotiate the price with you. This is a massive disadvantage to the watch seller.
Whether you bring your Rolex watch to our Warrington location, or post it out to us. We will provide you with your payment instantly. If you post your watch out to us, we will always provide you with a valuation before you send. We have a no haggle policy, if all the information you have provided is accurate and complete on the condition of your Rolex, then we will stand by our initial valuation.
Fastest way to sell a Rolex watch?
Bringing your Rolex to our Warrington store, or arranging free collection of your watch is the fastest way for you to sell your Rolex watch. We can have the watch valued and authenticated on the spot, and have you paid by cash or bank transfer within minutes. We do not need to send your watch to any other third party, or central office before we make payment. If you post your Rolex to us we can have payment sent on the sameday as receiving, usually within hours.
Can I sell my Rolex online with Cheshire Gold Xchange?
Yes, we can provide you with a watch valuation online by completing the form above. If you are happy with the offer provided we can provide you with further instructions on how to post your watch to us by a fully insured courier, or we will arrange personal collection of the watch. Once we have received your Rolex, we will have the watch inspected and payment made by bank transfer on the same working day. Selling a Rolex with Cheshire Gold Xchange could not be easier.
Guidelines to Sell A Rolex Watch
As you may already know, Rolex watches are a personification of style. But these watches often come at a small fortune, which only a few people can afford to spend. For this reason, pre-owned Rolex watches are always highly desired. But at the same time, sellers do not want to just give away their precious watch for a meagre price. So the question remains: how do I sell my Rolex quickly and without the hassle of selling privately?
If you have a Rolex watch and want to sell it for a reasonable amount of cash, you are going to have to be smart about selling. Here is a quick guide to help you sell used Rolex quickly, easily, and at a fair price.
Where is the best place to sell my Rolex?
A common misconception is that selling your Rolex privately yourself will yield the largest cash return. This may be true in some circumstances, but the majority private individuals will sell their Rolex direct to a dealer. Below are some reasons why this may be the best option for you.
Customer Knowledge
The average Rolex buyer has a good understanding of which watch model they desire, ie. Daytona, Submariner, or Datejust. They may also have a basic understanding of what official Rolex papers should look like. Problems arise when it comes to spending thousands of pounds on a watch from a marketplaces, where you can’t be 100% sure the watch is genuine as the average Rolex buyer does not have the expertise to analyse the quality fakes that are on the market now.
With this in mind the safer option is to buy through an authorised, or used Rolex watch dealer. Who has a trusted brand, with many positive reviews instilling confidence in the buyer. This creates a price disadvantage for private sellers and allows dealers pricing to be higher.
Why private sellers must be realistic when valuing their watch
Many customers will check the value of their Rolex against nationwide dealers retail pricing and assume they therefore should be expecting a similar value for their model selling privately. This often isn’t the case, here is why professional sellers often achieve far higher prices than private Rolex sellers.
- Professional Rolex Dealers can package 6/12/24 month warrantees with the watch inflating the value
- Watch dealers often pay for an expensive service of the watch prior to retail
- A polish/deep clean of the watch to almost ‘as new’ condition is usually carried out prior to listing
- Product images will be of a professional grade to attract buyers
- Professional dealers with a brand and reputation establish confidence with the buyer that they are buying a genuine watch.
- Professional watch dealers can offer finance to their customers, many now at 0% interest.
- Private sellers can also incur selling fees up to 10% of the final value of the watch through online marketplaces.
Benefits of selling direct to a watch dealer
There are many benefits of selling direct to a dealer over attempting to sell your Rolex yourself online
- Avoid the hassle of trying to take professional level watch images.
- Avoid disappointment, marketplace prices of private listings are often misleading as most sales are done with price negotiation between the buyer and the private seller to a lower price or via an offer submission.
- Remove yourself from the exposure to scams on marketplaces
- It will likely take months for a generic watch to sell via marketplaces, where as selling to Cheshire Gold Xchange, we can offer same day payment.
- Avoid the hassle of answering endless messages from tyre kickers and bargain hunters.
- No hidden fees, many marketplaces will deduct up to 10% of the final value of the watch on sale completion, further reducing your expected final value.
Can I sell my Rolex Watch without papers?
Yes, we will buy your Rolex without the original papers. We always advise our customers to keep as many elements of packaging and paper work that were shipped with their Rolex as possible. Your watch will still maintain a value without the Rolex papers, however you will not achieve the same value as a Rolex with papers/warrantee card. For watches that come to us without their paper work we will need to authenticate the watch. This may mean you are required to leave the watch with us for a few 1-2 hours while we evaluate it. Or if you have shipped the watch to us we will take care of the authentication as soon as the watch arrives with us.
Can I sell a broken Rolex or a Rolex that does not work?
We specialise in buying damaged, or broken Rolex watches. If you Rolex has been damaged in an accident, or the watch is water damaged we can still provide you with a competive valuation for your watch. All elements and parts of a Rolex watch have value, including the watch case, bracelet, bezel, movement and everything else in between. So if a certain element of your watch is damaged or non functioning, we can still assign value to the working parts. Selling a broken Rolex, can often be the easiest and most cost effective solution for owners, as repairs direct with Rolex can be extremely expensive. For example, the replacement of a Rolex movement can be priced upwards of £3,000.
We work with leading Rolex trained watch makers to refurbish these watches and bring them back to their former glory. We work only with Rolex direct on refurbishment meaning we are able to ship a 2 year warranty.
Vintage and rare Rolex watches can actually be valued higher with original parts in poor condition. Replacing damaged watch parts with newer, non-original parts can actually damage the value of the watch. Keeping the watch original on a vintage Rolex will increase the value. Servicing your Rolex should always be carried out by Rolex authorised watch makers, who use genuine Rolex parts.
How To Find Your Rolex Model Number
You can market your Rolex watch in a better way if you know what model it is. And for that, you will have to pinpoint its model number. This step is vital if the potential buyer wants to see the pictures before purchasing the watch.
Finding the model/reference number is printed on the official Rolex certificate/papers issued with your watch. The model number is also engraved on the watch casing between the lugs at the 12’o Clock position. If you do not have access to the original Rolex papers, you will need to remove the bracelet from the watch to read the model number between the lugs. It is advised you use an experienced jeweller or watchmaker to remove your bracelet to avoid any damage.
An example of a Rolex model number for a Daytona Comsmograph would be: 116515LN, an older Datejust model number may look like: 16233
Rolex construct their model number based on the watch properties.
The first 2-3 digits represent the watch model name, eg. Sea Dweller, or GMT Master. See the list below:
Oyster Perpetual: 10,140,142
Air-King: 55,140
Date: 15,150
Datejust: 16,162,1162
Daytona Manual Wind: 62
Daytona Cosmograph: 165,1165
Explorer: 142,10,1142
Explorer II: 16,165
Sea Dweller: 16,166
Submariner: 16,166,168
Submariner (no date): 55,140
GMT Master: 16,65,167
GMT Master II:167
Oysterquartz Datejust: 170
Oysterquartz Day-Date: 190
Day-Date (President): 65,18,180,182,183,1182
Yachtmaster: 166,686,696,1686,1696
Midsize Oyster Perpetual DJ: 68,682,782,1782
Ladies Oyster Perpetual: 67,671,672,760,761
Ladies Date: 65,69,691,692,791
Ladies Datejust: 65,69,691,692,791,1791
The second from last digit of your model number represents the bezel design. This principal only applies to the Rolex dress watch collections eg. Datejust
Polished: 0
Finely Engine Turned: 1
Engine Turned: 2
Fluted: 3
Hand-Crafted: 4
Pyramid: 5
Rotating Bezel: 6
The last last digit of your Rolex model / reference number details which material your watch is made from
Stainless Steel: 0
Yellow Gold: 1
White Gold: 2
Stainless Steel & Yellow Gold: 3
Stainless Steel & White Gold: 4
Gold Shell: 5
Platinum: 6
14K Yellow Gold: 7
18K Yellow Gold: 8
18K White Gold: 9
Finding Your Rolex Serial Number & Year Of Manufacture
The serial number of your watch is as important as the model / reference number because it carries information regarding the year of your watch’s manufacturing.
Finding the serial number is as easy as finding the reference number; you have to look at the side of the watch but at the position of the 6’O Clock. The serial number is located in the same place as the model number but on the opposite side. Click the below button for details on how to find your Rolex watches year of manufacture from the serial number.
