The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 27 February 2011, 05:28 AM   #1
SPARTAN2161
Banned
 
Join Date: Feb 2010
Real Name: Nick H.
Location: Amherst, NY
Watch: me flip
Posts: 1,901
Watch back from serive...price?

Hi all. I recently inherited this watch from my Grandfather. He lived in Florida and when he died my Grandmother sent it to get serviced first then to give to me. So yesterday was the first time ive gotten to actually physically have the watch. It is a 1956 Oyerster Perpetual. It has a USA JB band with original bracelet. and a 1030 movt. I was just wondering about the value of this watch and if it were to be sold how much could it be sold for? I am mostly doing this for insurance reasons. I know a lot of you have a ton of knowledge so let me know anything and everything about the watch. I am very interested in learning about it. Thanks a lot. I also have more pictures if you guys are interested.
Attached Images
File Type: jpg P1000130.jpg (80.5 KB, 199 views)
File Type: jpg P1000181.jpg (81.9 KB, 196 views)
File Type: jpg P1000185.jpg (68.9 KB, 199 views)
File Type: jpg P1000191.jpg (71.0 KB, 197 views)
File Type: jpg P1000197.jpg (59.0 KB, 198 views)
SPARTAN2161 is offline   Reply With Quote
Old 27 February 2011, 05:37 AM   #2
Tools
TRF Moderator & 2024 Patron
 
Tools's Avatar
 
Join Date: May 2007
Real Name: Larry
Location: Mojave Desert
Watch: GMT's
Posts: 42,991
Not a big market for these. Perhaps 1200, although in auction houses they may go for twice that....

However, you never want the possible sales price for insurance purposes... unless it's a high dollar exotic, and then you would need a professional appraisal for proof..

All you need is a replacement value, which is the current MSRP for an Oyster Perpetual.......
__________________
(Chill ... It's just a watch Forum.....)
NAWCC Member
Tools is offline   Reply With Quote
Old 27 February 2011, 05:44 AM   #3
SPARTAN2161
Banned
 
Join Date: Feb 2010
Real Name: Nick H.
Location: Amherst, NY
Watch: me flip
Posts: 1,901
Thanks a lot! Is there a reason that there isnt a big market? Just to common for anyone to really collect and/or value has decreased?
SPARTAN2161 is offline   Reply With Quote
Old 27 February 2011, 05:44 AM   #4
Rolex116520
"TRF" Member
 
Rolex116520's Avatar
 
Join Date: Feb 2009
Location: EEC
Watch: Daytona & Deepsea
Posts: 2,387
Like Larry said , these do not fetch big bucks like some of the sports models of that era . Still a very elegant watch and it must have sentimental value for you . You can never replace that with a new watch .
Take care of it and wear it with pride .
Rolex116520 is offline   Reply With Quote
Old 28 February 2011, 02:11 PM   #5
SPARTAN2161
Banned
 
Join Date: Feb 2010
Real Name: Nick H.
Location: Amherst, NY
Watch: me flip
Posts: 1,901
anybody else have any info?
SPARTAN2161 is offline   Reply With Quote
Old 28 February 2011, 02:26 PM   #6
WatchTimes
2024 Pledge Member
 
WatchTimes's Avatar
 
Join Date: Jun 2008
Real Name: JYogi/Jeremy
Location: Metro Detroit USA
Watch: It's a Rolex!
Posts: 5,379
Ummm what else are you looking for?
Larry said it all....

They were made in somewhat decent #s for back then.
People rather sports models.

So, what else are you looking for?

Insurance is going to require a written appraisal from someone qualified (jeweler, watch maker etc)

Bracelet is worn and loose

Again just ask whatever else it is you are trying to figure out but Larry (Tools) is one of the people who really know what they are talking about here.
__________________
"You won't rise to the occasion - you'll default to your level of training." Barrett Tillman

Kentucky Colonel, Tennessee Squire & Combat Leprechaun
WatchTimes is offline   Reply With Quote
Old 28 February 2011, 03:56 PM   #7
SS Oyster
"TRF" Member
 
SS Oyster's Avatar
 
Join Date: Sep 2008
Location: USA
Posts: 8,801
People just prefer (at least collect) the sports models from the early years. Old small dress watches (even Rolex) just don't fetch much.

Keep it for the sentimental value though.
SS Oyster is offline   Reply With Quote
Old 1 March 2011, 03:17 AM   #8
SPARTAN2161
Banned
 
Join Date: Feb 2010
Real Name: Nick H.
Location: Amherst, NY
Watch: me flip
Posts: 1,901
Thanks everyone for the help.
SPARTAN2161 is offline   Reply With Quote
Old 1 March 2011, 03:26 AM   #9
Widows Son
"TRF" Member
 
Widows Son's Avatar
 
Join Date: Apr 2008
Location: Hudson Ohio
Posts: 3,554
I'd have it serviced at a local repair shop that services older Rolex's. I'd lose the bracelet and have a nice black strap installed. Don't worry too much about "Value," it was your Grandfather's which make it invaluable. Nice watch BTW!!!!!
Widows Son is offline   Reply With Quote
Reply

Tags
oyster perpetual , vintage


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Takuya Watches

Bobs Watches

My Watch LLC

OCWatches

DavidSW Watches

Coronet


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.