Rolex watches are a popular item to sell at a pawn shop. However, before you walk into the pawn shop to sell your Rolex watch, you should have a good estimate of how much money it is worth.
AuthenticityThe authenticity is the most important factor in the value of the watch. Many may be wondering how to tell if it is real, or fake. If you purchase it from a legit retail store, then you can rest with the confidence of knowing that it is genuine. However, if you received it from a friend, or purchased it online, it could be counterfeit. In terms of quality, counterfeit Rolex watches range dramatically. You can spot some simply by taking a close look at the watch, or by taking another Rolex and comparing them. However, a trained eye will be able to spot the difference between a knock-off and a real Rolex. Counterfeiting has gotten so good that it can actually look real from the outside. Counterfeiters are now hand painting the colored wheels that are on the watch movement to make them look real on the outside and the inside.
The ConditionAnother important factor would be the condition of the watch. The best one will be free of any dents or scratches and running smoothly. If you have opened the watch up, then this means it’s no longer going to be waterproof. In order to make sure you get the most out of the watch, before you bring it in, make sure it’s clean and polished. In a second hand watch, appearance can go a long way.
Bring the Box and PapersIf you have the original box and papers that came with the Rolex watch, make sure you bring those with you as well. When a genuine Rolex watch has the original packaging, documents, and receipts, it can be sold for a couple hundred dollars more.
The OfferWhen you bring the watch in, the pawnbroker is going to look at the watch closely, and take the band off in order to determine the year it was created, and get the model number. Once the pawnbroker ha looked it over and has determined that it is genuine, they will make an offer. During this time, don’t be afraid to counter offer a price and settle on a price that is somewhere between the two numbers. Once the two of you have reached an agreement on the price, the pawnbroker will then pen up the watch and look at the movement in order to confirm the authenticity before they complete the sale and hand you the money.
ConclusionSelling your Rolex watch to a pawn shop isn’t that hard. Once they determine it is genuine and you reach an agreement, you can walk out of there with money in hand.
If you want to sell your watch, before you walk into the pawn shop to sell your Rolex watch, you should have a good estimate of how much money it is worth. We give all information about this in our post this is useful for you.Read more