Where Can I Sell a Rolex Watch?
Rolex is a name brand of watches that stand for luxury and precision. They are highly desired, and collectors will search the ends of the earth to find certain models.
While many people love their Rolex watches, there are times when you may be ready to sell a Rolex watch to make room for a new one.
But, before you try to sell your Rolex watch, you must read this blog to set yourself up for success. Selling your watch can be overwhelming, especially if you do not know what you may be doing.
Continue reading to learn more about where you can sell your used Rolex watch.
What to Do Before You Sell a Rolex Watch
Before you sell your Rolex watch, it is recommended that you take the time to research your watch and understand it, especially if the watch was given to you as an heirloom or inheritance.
Not knowing anything about your watch can be detrimental to the sale and you may walk away without the true value of the watch.
You should spend some time understanding the model of the Rolex you have and what it is currently worth on the market. Knowing its worth can help you determine if you are being offered a fair price for the watch or if you are being taken advantage of.
Selling Your Rolex Watch
When it comes time to sell your Rolex and you feel you have a good idea of what it is worth, you will need to decide how you want to sell it. There are three main ways including a pawn shop, a private party, and a jewelry dealer. Each one of these options has its advantages and disadvantages, so the avenue you choose to sell through will be a personal one.
Pawn Shop
Pawn shops are known for providing quick cash and some people turn to them when they need to quickly pay a bill or get cash in their hand. When you sell to a pawn shop, you can either sell the item outright or you can take out a loan. In the event you choose a loan, the pawn shop will give you cash for the item, and you have a set time to pay back the money – if you don’t, they keep the item and resell it.
The biggest disadvantage of selling your Rolex to a pawn shop is that you will not get the true value of your watch. Pawn shops pay significantly less, even for items that are worth quite a bit.
Private Party
Selling your Rolex to a private party is another option available to you. The private party could be an individual you meet online, a friend, or someone else. These transactions have their advantage in that you will get the most money for your item, especially if you know its value. You can set your price for the item and decide whether you will accept an offer or not.
While you are in more control and will get more money when you choose to sell your Rolex to a private party, the biggest downside is time. It can take a long time to sell the item.
Jewelry Buyers
A jewelry dealer is a good choice to sell your Rolex to because they genuinely understand the value of the Rolex and will offer you a fair price. The offer will be less than a private party but much closer to the value than what a pawn shop can offer.
At NYC Jewelry and Watch Buyers, you can sell a used Rolex to us, and we will pay you a competitive and fair price for it. Stop by our shop today to see how much you can get for yours!