Decent value for this GMT?

[haven_seeker]

So I was looking at local ads for Rolexes (go figure), and I spotted this one:

1969 GMT

Now, a couple of things to get out of the way:
1) I do not know the watch or the seller.
2) I am not looking for valuations here.

I'm simply curious what everyone thinks about this item, and if people think it has a good value in class. That is to say, if you have $13-15K in the bank and you're looking for a nice GMT, is this one to settle down with?

I see a lot of these here priced WAY under what he's asking, so I'm wondering what everyone thinks...it does have some unique stuff to offer!

[HERITAGE82]

I am no expert, but even with all the bells and whistles it still seems overpriced.

[Tools]

Originally Posted by haven_seeker

. .

I'm simply curious what everyone thinks about this item, and if people think it has a good value in class. That is to say, if you have $13-15K in the bank and you're looking for a nice GMT, is this one to settle down with?

. . !

It may have provenance, but reading through it all it appears that it is far from original, even though "all parts replaced are Rolex", the primary value of originality is gone; it's just a nicely cared for 1675.

This third party seller ("the original owner has not looked for the original box, but for an additional $650 bucks he will find it for you") seems to be placing all of his "value" on the accessories, and that's just backwards.

[morafa4]

This thing is on the 'bay right now, and has had some discussion by its owner on VRF. Obviously this is as good as documentation gets, and it is highly visible (souped-up demand) -- so I think that accounts for its price on the bay right now and his BIN price you're prob seeing on that e-listing.

It is a good looking watch though, and like everyone has been saying GMT prices are on the rise.

[Old Expat Beast]

Originally Posted by morafa4

This thing is on 'bay right now. And has had some discussion by its owner on VRF. Obviously this is as good as documentation gets, and it is highly visible (souped-up demand) -- so I think that accounts for its price on the bay right now and his BIN price you're prob seeing on that e-listing.

It is a good looking watch though, and like everyone has been saying GMT prices are on the rise.

Apart from the lack of warranty paper.

[morafa4]

SANS warranty paper. Noted, Old Expat Beast, you salty old dog you. Noted.

It's a good collection of papers, and anyone who says otherwise is just throwing boogers around. Mind you, the price I'm assimilating and responding to is the one that's on the bay.

Otherwise, great watch and you'll find many many more GMTs and other watches owned by all sorts of fussy owners on TRF and beyond, who have much less, and sometimes just the head. So, all things considered I like it.

Originally Posted by morafa4

This thing is on the 'bay right now, and has had some discussion by its owner on VRF. Obviously this is as good as documentation gets, and it is highly visible (souped-up demand) -- so I think that accounts for its price on the bay right now and his BIN price you're prob seeing on that e-listing.

It is a good looking watch though, and like everyone has been saying GMT prices are on the rise.

[rodwatch69]

I'll post my 2 cents on this watch as I looked at it closely:

Hands do not match and I feel are later replacements
Punched Booklet numbers do not match the certificate
None of the service receipts indicate the watch is a 1675 and mention a jubilee bracelet when this watch has a 7206 rivet oyster

Does the caseback indicate it is a 68 or 69? No photos
Does the 7206 clasp date indicate 68 or 69? No photos

It has already been listed and relisted.

[springer]

Originally Posted by morafa4

SANS warranty paper. Noted, Old Expat Beast, you salty old dog you. Noted.

It's a good collection of papers, and anyone who says otherwise is just throwing boogers around. Mind you, the price I'm assimilating and responding to is the one that's on the bay.

Otherwise, great watch and you'll find many many more GMTs and other watches owned by all sorts of fussy owners on TRF and beyond, who have much less, and sometimes just the head. So, all things considered I like it.

If you look closely, the warranty/guarantee certificate is the green document inside the Your Rolex Oyster booklet which is common for the time period. It also has the chronometer certificate which you do not find very often with the vintage watches. Not a bad set, missing the box and two hang tags, but the best accessories are there. One would need to see some improved photos of the watch to place an accurate value on it but my casual observation would place a value somewhere in the low five figures.

[Old Expat Beast]

Sorry, I missed the warranty paper first time around

[Rameez-Q]

Pictures all taken at an annoying angle, If your selling a watch clear front facing shots should be taken of the dial and case.

[morafa4]

I thought it had it's warranty in there; I deferred to your seniority, however haha and didn't bother take a second glance.

Originally Posted by Old Expat Beast

Sorry, I missed the warranty paper first time around

Agreed, watch alone without any of the other bells and whistles that's prob what it should go for.

Originally Posted by springer

If you look closely, the warranty/guarantee certificate is the green document inside the Your Rolex Oyster booklet which is common for the time period. It also has the chronometer certificate which you do not find very often with the vintage watches. Not a bad set, missing the box and two hang tags, but the best accessories are there. One would need to see some improved photos of the watch to place an accurate value on it but my casual observation would place a value somewhere in the low five figures.

[R.W.T.]

The MOST important document is there.

The TIMING certificate. It's the one most B and P pieces DON'T have...

If it's a chronometer from that era...it came with one...if you don't have it..you don't have
B and P. JMHO.

Even if the watch was absolutely perfect, for me....that's too much for a matte dial watch.

[themaninblack]

I assume that is in Canadian dollars. Still over the odds.

[mistral]

Originally Posted by themaninblack

I assume that is in Canadian dollars. Still over the odds.

I believe it's in USD!
We price our goods in good old USD and until the CDN $ exceeds the US $.

[haven_seeker]

Thanks for all the replies. I learned a few important things to look for, but it's good to know that I was along the right lines for thinking this was a tad high; not exorbitantly priced, but not a deal to go out and grab while it's available.

I was personally guessing about $8 would be a good buy, while around $9 you still did OK. I didn't think all the extras quite justified the extra heft in price they're asking, but my experience valuating old accessories such as papers/certificates is very limited.

And FWIW, the ad is listed in Canadian funds.