Sell My Rolex – The Ultimate Guide

With Rolex watches in such high demand, there are many ways to sell them. But none are as convenient as MoneyForWatches.co.uk. You can trade in your designer watch for money direct to your bank account within 24 hours.

Step 1: Contact Us

The first step is to fill in the enquiry form above with your basic details. We contact you, typically within minutes, to discuss the specifications of your watch and provide you with a quotation. Alternatively, consider calling us at 0161 971 1936.

For the most accurate evaluation, provide as many details as possible on the condition of the watch, the papers and box it comes with, and anything else that might be relevant. This will help us arrive at the best deal for your timepiece anywhere that you’ll find online.

Step 2: Agree a Price

The amount that you’ll receive for your watch depends on the model and its condition, and whether it comes with its box or original documents. But what’s most important is that we provide no-obligation quotations. That means if you’re not happy with our offer or our service, you’re free to choose an alternative way to sell your watch at any time.

Besides that, our prices are highly competitive. Because we consider so many different factors when making an offer, we can determine the true value of the watch, and pass on the best price to you.

Step 3: Arrange Collection

Once you’re satisfied with the agreed price, we can arrange payment and collection. You can choose the time and place for collection that suit you best. You’ll meet with one of our timepiece experts who will guide you through the process.

We also offer the option for you to send the watch to us directly rather than having a representative collect it. We also have offices located in the North and South of the UK, meaning you can bring the watch to us if you prefer.

Step 4: Enjoy Your Cash!

We always provide payment up front, which is why we’re the UK’s number one trusted Rolex watch dealer. We pay on sight: that means when we check the watch before collection, if its condition is as described, we will make immediate payment. Payment can be made either by cash or bank transfer at the customer’s discretion. We guarantee same-day cleared funds for every watch that we buy.

How Much Will I Get for My Rolex?

Not all Rolex watches are ‘born’ equal. Some are far more expensive than others; Rolex manufacture entry-level models, high-end models, and many more between these two extremes. The Oyster Perpetual, for example, costs around £3000-5000. Submariners, on the other hand, can cost upwards of £30,000.

Certain models have also held their value very well, to the point that they now sell for far more than they did when bought new. The Rolex Daytona is perhaps the best example. The Daytona 6265 was manufactured in low numbers during the 1970s and 1980s, and has since become a collector’s favourite. Even Daytona without their box and papers will sell for more than £100,000.

What Determines the Price of My Rolex Watch?

It’s possible to ‘shop around’ to check how much your watch might fetch on an auction website. But there’s great variety in how much Rolex watches sell for, depending on condition, whether the watch has its box and papers, whether there are many watches of that particular model currently available, and many more factors. It’s therefore difficult to gauge how much you could get in return for your timepiece.

That’s why at MoneyForWatches.co.uk, we give you a straightforward quote and can forward the money to your bank within 24 hours of you reading this.

Why Is MoneyForWatches.co.uk the Best Place to Sell Your Rolex?

You’re right to be cautious when buying or selling a Rolex timepiece. Here are the three core reasons why we’re the UK’s most trusted watch purchasing service.

Pay First, Collect Later

Our pay first, collect later policy is what makes us the number one trusted source for selling Rolex watches online. In short, we will forward the agreed-on price to your bank account before we collect your watch, meaning you can verify and secure your funds before you part ways with your timepiece—beware of any service that doesn’t offer a similar guarantee!

This is an essential protection against scams in an industry that is all too full of them. It also means that if for whatever reason there’s a problem with the payment, this can be fixed before we collect your wristwatch.

Our ‘Excellent’ TrustPilot Rating

If you’re looking to sell an expensive asset, whatever it might be, you need to absolutely trust that the other party will uphold their side of the bargain. If you were to sell your watch privately, you could fall foul of a refund scam or even theft; but trade your watch in with one of the bigger brand watch resellers and you could be the victim of small print.

MoneyForWatches have been trading as a part of DB Auctions Ltd. for over 20 years, and are an established name in the industry. Our ‘Excellent’ TrustPilot rating of 4.9/5 is testament to our commitment to first-class service, deep knowledge of the industry, and respect for our clients.

Can I sell my Rolex without papers?

It can be difficult to sell a Rolex wristwatch without the papers it came with. In essence, the problem is that it’s more difficult to authenticate the watch as a genuine Rolex. However, we can still work with you to provide the best possible price for your watch as long as there is another way to confirm its authenticity. Contact us to find out more.

Can I sell my Rolex in poor condition?

Many sellers are dissuaded from selling their Rolex watches due to their condition. Even with good care, a decades-old Rolex watch can collect scratches and scuffs or may even stop working. Despite that, we may be interested—so attach detailed photos along with your enquiry if so.

Rolex: The History

The Rolex brand began in 1905, and was founded—perhaps surprisingly—in London. It was initially named Wilsdorf and Davis after its two founders (Hans Wilsdorf and Alfred Davis). This followed naming conventions for businesses and manufacturers at the time.

The problem is that Wilsdorf and Davis didn’t exactly roll off the tongue; it wasn’t instantly memorable, and is difficult to pronounce for people whose first language isn’t English or German. According to the Rolex website, the pair decided on the name because ‘Hans Wilsdorf wanted his watches to bear a name that was short, easy to say and remember in any language, and which looked good on watch movements and dials.‘

Rolex has been at the forefront of innovation in watchmaking since its inception. In 1926, for example, Rolex created the first waterproof and dustproof wristwatch: the Oyster, so named because it featured a hermetically sealed case. It was proven to work a year later when a swimmer named Mercedes Gleitze swam the English Channel wearing one. Rolex took out full front-page ads in national newspapers to advertise the feat. And a few years later in 1931, Rolex patented a self-winding mechanism called the Perpetual rotor—which today is at the heart of every automatic watch.

Operations moved to Geneva due to the unfavourable post-war economic situation in England following the First World War. It was then that Rolex joined the Swiss watchmaking elite.

Rolex remains one of the foremost brands in watchmaking. Rolex is practically a byword for luxury, backed up by the fact that three of the ten most expensive watches ever sold at auction have been Rolexes.

How Do Rolex Watches Work?

Rolex watches use Perpetual rotors. These rotors rely on a semi-circular plate that can rotate freely, moving with the movements of the arm, or with gravity. The Perpetual rotor subsequently became the basis for all future automatic watches throughout the industry, not just in Rolex watches. It’s still used today in all Rolex watches.

Which Rolex Models Are Most Popular?

How much your Rolex is worth is largely dependent on the model. There are entry-level models—still worth several thousand pounds—and higher-end models that are worth tens of thousands of pounds (or even more).

Rolex has three core watch lines: the Oyster Perpetual, the Professional, and the Cellini. Within each line are many models; the Oyster line, for example, contains the Jubilee, President and Pearlmaster lines. So, of all of these, which models are the most popular?

Rolex Daytona

The Rolex Daytona line was first manufactured in 1963 to meet the demands of racing drivers—hence the name, a reference to Daytona, Florida, home of the Daytona International Speedway. It features a tachymetric scale, which helps calculate distance and speed; it also has a sweeping second hand which moves with every 1/8^th of a second.

While it is available in a range of materials, the most common is plain stainless steel; the Daytona in steel is perhaps the most popular Rolex in history. The prestige of this particular line reached legendary levels because of Paul Newman, famed actor-turned-race-driver, who would wear one during his races. That exact watch sold for a world record price of $17.8 million at auction in 2017.

The Daytona is currently in its third generation. The first was manufactured from 1963, the second from 1988, and the third from the year 2000.

Rolex Submariner

The Rolex Submariner is another example of Rolex tailoring watch lines to excel in certain applications. What the Daytona is for racing, the Submariner, as the name suggests, is for diving.

The Submariner is an older model than the Daytona. It was first designed and manufactured in 1953, but was only made available to the public a year later at the Basel Watch Fair. As part of the Oyster Perpetual line, it features a self-winding mechanism; its other features include luminescent hour markers that are easily visible underwater, waterproofing to a depth of 1000ft, and a unidirection bezel that helps divers memorise and track the duration of their dives.

Several models are still in production, while many more are discontinued. Discontinued models can fetch high prices, especially if they were made as part of a limited run. The Submariner 5510, for example, is typically priced on request due to its rarity.

Rolex Sea-Dweller

The Rolex Sea-Dweller is closely modelled on the Submariner, but with heavy-duty features. It was initially developed in 1967 as a concept, but was only made available to the public four years later in 1971. Its thicker and more rugged appearance, combined with its classic black-and-silver colour scheme, make the Sea-Dweller instantly recognisable.

It also boasts several unique features that make it an exceptional diving watch. Its thick case, the same case as is found in the GMT-Master II, makes it impervious to the heavy pressures found deep under the ocean. It also has a patented helium escape valve for use when decompressing.

Rolex GMT-Master II (The Cosmopolitan Watch)

The GMT-Master II, the ‘heir’ to the original GMT-Master, was first unveiled in 1982. Marketed towards travellers, it offers features that make travelling easy. For example, the GMT-Master II has a bidirectional rotatable bezel that acts as a second watch face. It can display either the local time and a reference time, or the local time and that of another time zone.

The GMT-Master II also houses Calibre 3285, a specialist movement designed for travel. It allows the user to adjust the local time via the winding crown without stopping the watch or affecting the 24-hour hand.

As for design, this model is instantly recognisable by the red-and-blue design of its bezel, giving it the nickname Pepsi.

Dealing with Counterfeit Rolex Watches

Rolexes have become much of a status symbol, and such desirable to many. Therefore it is hardly surprising that there is a big issue of counterfeit Rolex watches. Counterfeit Rolex watches are commonly illegally sold on the street as well as online. Most Rolex counterfeits are low quality, and can be easily identified by a quartz movement, but there are some with automatic movements. Counterfeit Rolex’s are easily identifiable by jewellers and watch experts. OJ Simpson was famously wearing a counterfeit Rolex during his 1994 murder trail.  Here explains more on spotting fake Rolex watches:

Interesting Rolex Facts

– Famous murder case, Ronald Platt, serial number identified the body, time of death established from the reserve operation…..

-In the tennis world, Rolex is the official timekeeper of Wimbledon, the Australian Open, the US Open, the French Open, all 4 Grand Slams. And in Golf, the official timekeeper for 2 of the majors, The Open Championship and the US Open. 

-Royal Air Force Pilots at the start of World War II bought Rolex watches to replace their inferior standard issue watches. But when captured and sent to prisoner of war camps, they had their watches confiscated. Wilsdorf offered to replace all the watches that had been confiscated and not require payment until after the war. This helped open up the American market to Rolex after the war. 

Why do Rolex Watches hold their value so well?

Rolexes hold their value for numerous reasons, but it all boils down to supply and demand. The demand for their watches is greater than the amount that Rolex are producing. 

In the top 10 most expensive watches sold at auction, 3 of these were Rolexes. 

Forbes named Rolex as the world’s 71st most valuable brand. 

Rolex watches hold their value due to their unparalleled quality and the international fame of the Rolex brand. 

Certain Rolex models command prices above the retail price in the secondary market.