Rolex watch from my Grandad

Rolex watch from my Grandad

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Discussion

mikeveal

4,578 posts

251 months

Friday 10th June 2016
quotequote all
The problem with valuations from jewellers is that the jeweller knows that in the event of a loss you'll be back at his door with a nice fat cheque from your insurer. Now the jeweller needs to give you enough to ensure that you can get a like for like replacement, which is invariably market retail value, plus a bit of premium to secure the same thing. The "a bit" seems to be a flexible concept if you know what I mean, you're effectively asking someone to give themselves money...

Charlie1986

Original Poster:

2,017 posts

136 months

Friday 10th June 2016
quotequote all
this both guys said it was a shot in dark as 1 they had never seen one like this as its rare for the size and plus to have the number dial with no 12 and the rolex logo in its place. and 2 They did say if i lost it or it got stolen i would never find a like for like replacement.

So now its in a military grade Cryptographic safe which is world ending proof. I knew my military service would help me out someway.

its going back to Robert Taylerman to have a internal strip down and clean but he has a 4 month wait then it will be put back in the safe with medals and service books from my Grandad and my Medals and service record till my daughter is old enough to be able to study both WW2 and Op Telic and OP Herrick and see the sacrifices her family have made to enable her to have the freedom she ill hopefully have when she is older.

GC8

19,910 posts

191 months

Friday 10th June 2016
quotequote all
The valuation is fanciful, I fear. Being a jeweller doesn't qualify someone unless they specialise and are genuinely knowledgeable about their subject matter.

Indemnity value is nowhere near whats been stated and new for old will put you in a Date or AirKing.

Charlie1986

Original Poster:

2,017 posts

136 months

Friday 10th June 2016
quotequote all
GC8 said:
The valuation is fanciful, I fear. Being a jeweller doesn't qualify someone unless they specialise and are genuinely knowledgeable about their subject matter.

Indemnity value is nowhere near whats been stated and new for old will put you in a Date or AirKing.
Thats your view and I'm not going to get in to argument over something thats not relevant.

The person who gave me the value is highly recommended for vintage rolex in London. Rolex gave me his card and sent Me there. The watch restorer who has advised on costs to service and have it cleaned and who opened it up for me is again recommended by Rolex them selfs. But Of course as you as are an expert surely Rolex must be handing out your card?

Now thanks for the input. I was only updating this thread out of interest after being given trusted advice from people who know the brand and who have been working with Rolexs for many years and waiting lists of over 4 months for there work. But some people always no better!

GC8

19,910 posts

191 months

Saturday 11th June 2016
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Youre coming across as a tool.

harveys

160 posts

125 months

Saturday 11th June 2016
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It's easier to get £500 quid off a customer for a service if they think the watch is worth 5000...than 1000.

RichB

51,597 posts

285 months

Saturday 11th June 2016
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Charlie1986 said:
... Rolex precision dress watch 35mm in 9ct gold.


Quick question (and given the turn this thread has taken I'm not being contentious) - given that the inside of the case is steel not gold is this more likely to be gold filled rather than 9ct gold?

stuttgartmetal

8,108 posts

217 months

Saturday 11th June 2016
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Gold Rolex my ar53
£800.


Jimmy Recard

17,540 posts

180 months

Saturday 11th June 2016
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The value of that is about a grand, give or take. That is what someone would actually pay for it.

mikeveal

4,578 posts

251 months

Sunday 12th June 2016
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Between 800 & a grand I think. Not that the OP seems to bein the mood to hear what a collective group of seasoned watch buying addicts ( "the market" ) thinks its worth.