My Paperless GMT

[Zoran]

Originally Posted by Tools

Despite what you hear or read, there are no such thing as "papers" for a watch in the sense that they are necessary for anything, verify anything, or are of any use after the original warranty period.

If you are a collector and you have a very rare example (a GMT II is not), and it has it's original warranty paper, etc., it is a very rare find indeed and some collectors do pay extra for these rare pieces..

A GMT II will not be any more valuable with or without it's original warranty paper if you are a buyer, only if you are the seller.. .

Condition would be the driver for value first, and then anything extra is up for negotiation..

A "Certificate of Authenticity" from a seller is a marketing tool and doesn't really "Certify" anything, but usually does give you some return privileges if it turns out to be less than authentic..

I couldn't agree more!
I managed to buy a 2006 GMT without box or papers a while ago at a very good price. Brought it to RSC, got a service, light polish, tightened the clasp and a new Coke insert.
Also received the certificate with 2 year warranty and the traveling pouch
Your paperwork doesn't get more up to date and accurate than that!

So don't sweat it and as soon as you can afford it, bring it to a RSC and you will have peace of mind for the following years to come so you can fully enjoy the watch!

Congrats!

[padi56]

Originally Posted by ChuckFinlay

They've been around for ever, and I would imagine Rony and his family are probably not far off as wealthy as Rolex themselves

As for the papers, there is an inherent value in them for most people, trust me, I sold a watch yesterday and the guy was umming and ahhing when he came to collect it as it didn't have the bezel protector, I kid you not!

You can blame the internet and most of the forums for that, same for the so called papers. Anyone would think they were the Magna Carta or Declaration of Independence instead of a mostly out dated warranty paper/c

[DiamondJack]

Even though papers and outdated warranty cards have absolutely no real intrinsic value in themselves, they can still impact on the price of the total package....... This is just an inevitable consequence of the laws of supply and demand.

As Peter has said above, because virtually everybody keeps these items with a modern Rolex, the rarity factor is greatly diminished and is a completely different question to having papers for a vintage watch where we already know there is roughly a 20%-30% premium (clearly this varies with model rarity) for a full package.

But just the fact that there are so many pre-owned modern Rolex watches available on the open market, many with the original box and papers, this will inevitably lower the price of a loose watch as, indeed, the OP confirmed with his recent purchase. It may not be much, but it will have an impact.......

There are also separate ownership issues to consider when buying a loose watch and even the possibity of a future claim by the original owner if serviced by RSC in the future and found to be stolen. These issues are far less likely to be the case when you buy a watch with all the "trimmings". But that's another story.........

[SLS]

Originally Posted by DiamondJack

Even though papers and outdated warranty cards have absolutely no real intrinsic value in themselves, they can still impact on the price of the total package....... This is just an inevitable consequence of the laws of supply and demand.

As Peter has said above, because virtually everybody keeps these items with a modern Rolex, the rarity factor is greatly diminished and is a completely different question to having papers for a vintage watch where we already know there is roughly a 20%-30% premium (clearly this varies with model rarity) for a full package.

But just the fact that there are so many pre-owned modern Rolex watches available on the open market, many with the original box and papers, this will inevitably lower the price of a loose watch as, indeed, the OP confirmed with his recent purchase. It may not be much, but it will have an impact.......

There are also separate ownership issues to consider when buying a loose watch and even the possibity of a future claim by the original owner if serviced by RSC in the future and found to be stolen. These issues are far less likely to be the case when you buy a watch with all the "trimmings". But that's another story.........

That's what I was trying to say!
Scott

[ChuckFinlay]

Originally Posted by DiamondJack

There are also separate ownership issues to consider when buying a loose watch and even the possibity of a future claim by the original owner if serviced by RSC in the future and found to be stolen. These issues are far less likely to be the case when you buy a watch with all the "trimmings". But that's another story.........

That would be my main reason, as we know a box and COSC seal can be had for a few quid off of eBay, it's unlikely though to rob someone in the street and get the box, warranty card, booklet and hang tag with serial number

[sea-dweller]

Congrats!