Hey guys, what's up?
Kassab here from CRM Jewelers.
First off, I wanna thanks you guys for the support we had on the last video.
It did surprisingly very well considering everything that's happening right now in our
transition through this YouTube channel and today I'm gonna teach you how to know how
much your Rolex is really worth.
Let's get into it!
>> DAN: Are you sure you wanna do this?
>> KASSAB: Yeah, [beeping] it.
It's time to let them know the truth.
Today we're gonna go through the four most popular Rolex models.
This includes a Day-Date, a Hulk, a Datejust and a GMT.
I'll introduce some techniques as to get the best price when you try to sell your watch.
Let's get started with this Day-Date 36 mm.
I'm gonna show you how to figure out the reference number, the serial number, which will also
give us the date in which this piece was produced.
So we'll get started right here with this beautiful piece.
Remember, I personally like to open the bracelet in order to get a little bit better grip on
the bracelet.
The reference number is gonna be here at the 12 position and the serial number here at
the 6.
This watch was produced before the 2003 rehaut in which Rolex started engraving the serial
numbers around this inner ring.
So hold it firmly.
Apply light pressure upwards and... so right here we have the reference number which is
18238 and now we'll go over to the other side and which now that the bracelet is off on
one it'll be a little bit easier...release and we can just put this bracelet as such
and we have the serial number.
In this case, it's gonna be an L serial, L serial being 1989.
So let's just write this down.
We'll put serial number L. Reference number 18238.
We're gonna go into Chrono24 right here and I have it already typed up, so let's just
paste it in, Rolex Day-Date 18238, 36 mm.
We're gonna click the year, so an L serial if you go to our CRM website and you go on
FAQ, we'll give you a little chart and it says L is 1989.
Go ahead over here, put the year, we're gonna go into location, again, you only wanna compare
prices in the area that you are, so in the US, it's gonna be the US market, so results,
perfect.
So, you always wanna start form the bottom up.
You never wanna start with the highest prices, which if it's there is because it hasn't sold.
So we're gonna go low to high, and we're gonna start right here.
We have a 36 mm Day-Date, perfect.
And let's go into the description.
Original box and papers, so this model with a full set and a good, decent stretch on the
band, nothing crazy, it's going for $12,799.
If you pull out a calculator, we're gonna grab this number...OK, you're gonna subtract
10%, which is the Chrono fee for the dealer.
You also wanna subtract what a dealer will try to make, let's say $2,000 and that is
the number that you should be getting for your piece if you were to go and sell to a
dealer right now.
Let's move on to the next.
So as you saw there, what we got was $9,500.
That's like a good number, that's something you can base yourself on and have a general
idea.
Sometimes it'll be let's say, $500 up or down based on the condition of your watch.
Now, if you don't have the papers, you can subtract about 10% of that on this older models
and you're gonna get about $8,500, $8,600 for that specific model.
Let's get into the next one.
Getting to the Rolex Submariner Date.
This specific model with the green insert.
Now let's get into the Rolex Submariner Date.
This specific model with the green inserts and dial is considered or known as the Hulk.
Now, this piece was produced post 2003 when Rolex started engraving the serial numbers
around that inner metallic rim that you see around the dial.
If you were to pop it up and look at the proper angle, you will see that it says Rolex, Rolex,
Rolex starting from the 12 position with the crown all around till about the 30 market
in that insert.
Right there at the 6 position, you're gonna see the Rolex serial number.
For this specific watch, it's a G serial, so it's a 2010.
Now again if you go on to our website and I'm gonna show you that right now.
In addition to that, the reference numbers for these pieces are kept consistently throughout
all Rolex models, they're gonna be kept at the 12 position beneath the bracelets.
Again, you'd have to take out these two pins or that one single pin and you'll be able
to see the 116610LV reference number on there.
Now let's head to Chrono24 and see how much the watch is worth.
So again we're gonna open up here, Chrono24, and we type up our reference number.
You click here, Rolex Submariner Date, that's the Hulk.
So since this model is a D serial, that's a 2010.
You click on that.
We're gonna go into location again and we do US and show results.
Now, once we open it up, same thing, prices with low to high.
Once that loads up, you see right here this one for $13,200, watch only with a box, no
papers, perfect.
So, we're gonna do calculator.
That's $13,200 minus 10%, minus 2,000 and you're gonna get $9,800 or $9,900.
This more or less that's what you should be expecting to get for your piece.
Now what I had mentioned before was if you want to get into our website, you have all
the stuff sorted out for you in the FAQ, G serial 2010.
So far we've covered two of the most popular.
That was the Day-Date 36 in the 80s and then the Rolex Date Hulk from 2010.
Let's move a little bit further down the road of time and let's look at the Datejust, one
of the most well known pieces as a starting watch.
This is usually what you get on your High School graduation.
So you have this one with the Wimbledon dial and the green Romans.
Now for this piece again, same thing, the same continuation throughout all these pieces
post 2000s, 2003, it's gonna have that rehaut around the case.
You're gonna have the serial number at the 6 position and you're gonna have the Rolex,
Rolex, Rolex stamped across that entire inner ring.
If you didn't know the reference number or you don't have the Rolex card, again you can
just remove that top pin at the 12 position and looks for the reference number in there
on the case.
Now let's go into Chrono24 and see what this one's worth.
Really quick on the website, because as I had explained before, any watch produced post
2010 is a scrambled serial or a scrambled alphanumeric as you choose to say it.
It's more of a based on terms where you work and if you know the slang for it, in this
case for watch dealers, “scrambled.”
Scrambled is just an 8-digit serial number in no specific order with letters and numbers.
Usually has two letters, but it can very.
Now that we know that, we're gonna go over here to Chrono 24, 126300 was the reference
number for that Wimbledon.
So we pull this up right here.
Again, same exact thing as we did before.
We're gonna click right here on year.
This is gonna be all these years post 2010, right there, we're gonna click “show results,”
and we can't forget about that location, so we gotta put only in the US.
So US, and for this specific one, we would like to put gray dial.
There we go, perfect.
Now numerals Roman and show results one more time.
So here we have four that popped up, we do low to high one more time.
We're gonna start with the lowest one, although no they mean Oyster and we have a Jubilee.
That's very important.
Don't confuse those bracelets.
They do have a bit of a price difference.
So here we go!
That's gonna be $8,500...$8,500 minus 10%, minus in this specific piece, let's do $1,000.
We get $6,650.
This is pre-owned, no box, no papers, well in this case with box.
Now remember something that's gonna be really important, this term right here with “with
box,” remember that your box will probably be worth $200, so you can either add or withdraw
that.
Last but not least, we have one of the most I guess iconic in my personally this is my
favorite, the Rolex GMT Master II, 116710BLNR, “The Batman” as most of you know it.
This has actually been discontinued as of 2019, 2018 when the jubilee came out.
It's personally one of the most iconic when it comes Rolex and the Hulk.
They're the two most iconic that you know nowadays.
If you anywhere back in the 90s, you're probably gonna be a fanatic of the Pepsi.
So let's do the same thing here, continues throughout all these, it's the same exact
thing.
Inner ring, serial number at the 6 position.
There's gonna be a scrambled serial or alphanumeric, and you can find that number at the 12 mark
if you remove the bracelet.
So let's go onto Chrono24 and see what this one's worth.
So here we go.
Same thing one more time, 116710BLNR, we go we open over here, click on more, we're gonna
do first thing is year.
We wanna do again after the rehaut 2010 and scrambled serial number, so push 2010 all
the way to 2019.
We show results and we're just gonna...actually before we show results, again, US, the only
market we care about right now.
Once we open here, we're gonna set it up from low to high.
And remember, you can always do depending on whether your watch comes with watch and
papers, you can choose that in the options here, so you have more accurate price point.
You're not just going by a full set and trying to get that pricing.
So obviously is gonna be preowned.
Not many people have this watch brand new and we're gonna click on availability...Scope
and delivery.
So you can do watch with original box in this case will be just that and you show results.
So low to high, we have four.
Ok so these two are ads, we don't want those.
We're gonna go with the ones that don't say “top.”
So $13,500.
We click right here, again pull out our handy dandy calculator.
It'd be $13,500 minus a 10% Chrono fee, minus $2,000, you get $10,150.
Now this all depends on the condition of your watch.
Again if you come and bring me this watch with a stretched out band, obviously we can't
give you that much, but most of you do take care of your pieces from what I've seen when
you come into the store, so we'll gladly take care of you.
So guys, this is something that you guys probably never thought about, but these lovely little
boxes in green that are stamped with the Rolex crown, they are worth something and if you
do have any of these lying around at home, gray market dealers tend to buy this relatively
low for about a hundred bucks, a hundred twenty five bucks depending on the size.
If you are ever interested in getting rid of those so you're not cluttering up your
house, we'll be more than happy to assist you with that and you can write us an email
at support@crmjewelers.com and we can give you a quote as to how much they're worth.
So hopefully with everything that I taught you today, including where to find your Rolex
serial number to the reference number and all that information has been useful to you,
as well as how to more or less price your piece so you know whether you're getting a
fair deal.
What I was hoping to do as well is further throughout this channel, I hoped to be giving
you more of an inside look in to the gray market, something a little bit behind the
scenes that is usually kept from the public.
So this is a little bit reviewing and I'm pretty sure we're gonna upset some people
for this, but hopefully it becomes very useful to you.
Hopefully if you did enjoy the content today, you will share this with a future watch collector
or an avid watch lover and subscribe.
Let me know what you thought in the comments down below.
Take care guys, Danny signing out!