1950s Rolex Oyster: help for newbie with potential purchase

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As others have said, better pictures and more of them are needed to say for sure, but from what you’ve presented it looks pretty over polished to me. To the point where the lugs are not even. And I love patina, but the dial appears to have water damage, that is not appealing or even, to my eye, and would give me extra cause for concern about the condition of that unseen movement...
 
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Maybe I will leave it at this, I'll tell him it's probably worth USD 1,000 max, tell him about some of the concerns and say that without seeing the movement it's impossible to tell if it's even worth that, and I will leave the ball in his court.

Then if he comes back I will report back with any new info?

How would that sound as a game plan?

Thanks to everyone for their help with this.
 
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1600 gbp is exactly double of what it is worth. My conversations with the seller would be over at this point. No service history (do you even know if it runs?), leather strap. Meh. Move on.
 
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Wise advice! But @janice&fred have told him he go full speed ahead, damn the torpedoes, and buy a pig in a poke, knowing nothing about it. Very helpful @janice&fred!

um...are you sure that's what I said? I gave an accurate market value and of course that assumes it's a running watch. on the other hand, you have given overly-emotional over-the-top negative knee-jerk reactions.

now...back to reality. at the price the owner is asking no, I don't suggest buying this watch. however for $1000 I would say yes. I would take as many as you could find for that price.
 
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Maybe I will leave it at this, I'll tell him it's probably worth USD 1,000 max, tell him about some of the concerns and say that without seeing the movement it's impossible to tell if it's even worth that, and I will leave the ball in his court.

Then if he comes back I will report back with any new info?

How would that sound as a game plan?

Thanks to everyone for their help with this.

Even at $1K you should see movement pics first. Could be a complete mess, resulting in a bunch of work or a movement swap, then you’re left with a Frankenwatch that you’ve spent the same amount or more than you would on a better example... and you still have that polished case and dial...
 
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If dial is original, and pics provided are not good enough to be sure, that's a very nice dress watch to wear sometimes. I have a Precision from 1963 with the same movement and after a good service it runs strong. Price requested, as others told you, is way too high.
 
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um...are you sure that's what I said? I gave an accurate market value and of course that assumes it's a running watch. on the other hand, you have given overly-emotional over-the-top negative knee-jerk reactions.

now...back to reality. at the price the owner is asking no, I don't suggest buying this watch. however for $1000 I would say yes. I would take as many as you could find for that price.

I gave an opinion. You jumped all over my post, and essentially have called me WRONG from the get go. This MB works best when you contribute to a thread, giving YOUR opinion, leaving the opinions of others as they are, then leave the OP to sort the wheat from the chaff, and make his own decision. My opinions are seldom wrong, but they ARE my opinions. For that I don’t apologize. In future (should you read any post of mine), just follow up and give your opinion, and leave it at that!
 
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um...are you sure that's what I said? I gave an accurate market value and of course that assumes it's a running watch. on the other hand, you have given overly-emotional over-the-top negative knee-jerk reactions.

now...back to reality. at the price the owner is asking no, I don't suggest buying this watch. however for $1000 I would say yes. I would take as many as you could find for that price.


um...are you sure that's what I said? I gave an accurate market value and of course that assumes it's a running watch. on the other hand, you have given overly-emotional over-the-top negative knee-jerk reactions.

now...back to reality. at the price the owner is asking no, I don't suggest buying this watch. however for $1000 I would say yes. I would take as many as you could find for that price.

For $1000 I would say yes too, but not before I've seen the movement being all ok.
 
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To be honest, I think I will probably drop it, I'll give him the feedback (won’t tell him where it came from) just to educate him (as it did me) given he's been a decent guy, and will then move on.

One last thing if I may - the other watch I had been considering is below - what issues might there be with this watch that I should take into account? This one would make me just short of 'vintage' so is still marginally acceptable from a dateline / ego perspective!

If this one doesn't pass inspection I think I will take a breather for a while and spend a few months educating myself further!

Seller: watches.co.uk
Price: £2,850
Warranty: 12 Months
Age: 1972 (date stamped II.72 denoting second quarter 1972)
Model No: 5500
Box: Non Original Box
Papers: SWC Authenticity Card
Diameter: 34mm
Condition: Pre Owned - Fine
Case: stainless steel case
Crown: screw down crown and screw-down back
Movement: automatic movement
Dial: silver coloured dial with linen texture
Batons: white Raised Hour Batons
Crystal: plexi Glass
Strap: brown leather strap (Non-Rolex)
Buckle: original Rolex buckle

Any help you can give would be most appreciated, then I will leave you all in peace to enjoy your Sunday afternoon!

 
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I gave an opinion. You jumped all over my post, and essentially have called me WRONG from the get go. This MB works best when you contribute to a thread, giving YOUR opinion, leaving the opinions of others as they are, then leave the OP to sort the wheat from the chaff, and make his own decision. My opinions are seldom wrong, but they ARE my opinions. For that I don’t apologize. In future (should you read any post of mine), just follow up and give your opinion, and leave it at that!

I think your first post in this thread speaks for itself...erroneous and over-the-top descriptors. tell us more about that oyster bracelet? the case back with a few nicks that you call mangled. have you seen many 50 to 60 year old watch case backs? the one pictured in this thread is not at all unusual given the age of the watch. I've seen much worse on mega-dollar subs and GMT's my friend. oh...and in the future I will post whatever I like, and pay zero attention to any directives from you. how's that?
 
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I think your first post in this thread speaks for itself...erroneous and over-the-top descriptors. tell us more about that oyster bracelet? the case back with a few nicks that you call mangled. have you seen many 50 to 60 year old watch case backs? the one pictured in this thread is not at all unusual given the age of the watch. I've seen much worse on mega-dollar subs and GMT's my friend. oh...and in the future I will post whatever I like, and pay zero attention to any directives from you. how's that?

And exactly WHO got out of the bed on the wrong side this morning? I have been looking at 50 and 60 year old case backs since before your parents were born! I’m a pretty good judge. You didn’t come to this thread in order to be helpful. You came because you wanted a fight! I just exited from the ring.
 
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Sorry, I'm behind on the treads by the time I have posted my reply, I was just about to say.

He wants £2,000 (GBP), but it comes with a new ostrich Rolex strap (genuine but not original) and a box (which he notes as potentially not original) - take off the strap and I suspect he's at £1,800, and take off a bit more for haggling and I suspect £1,600 is where it is without any real argument.

Seem like consensus is that would be too much - I quite like the watch so my approach would be just to tell him what a fair price is taking everything into account (e.g. the risk associated with not being able to see the movement given the mess someone has made of the back of the case).

That price is far too high. Regardless of condition, this is a small entry-level Rolex. There's nothing wrong with this reference, but it's not particularly desirable.
 
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That price is far too high. Regardless of condition, this is a small entry-level Rolex. There's nothing wrong with this reference, but it's not particularly desirable.

Thanks for this - apart from the AP I've constantly got my eye on (but never pull the trigger on) I tend to go for really simple watches, which is nice as it tends to keep me at the entry levels and out of the way of the bigger fish - I gave him the feedback on price and condition, he said he'd turned down £1,600 and felt a but dumb for doing so now - said he'd take it to have a proper watchmaker open the back and take a look - or just pass it down to his kids - I suspect he also needs a bit of time to realign his expectations! I will move on too from this one I think, thanks to everyone for their help.
 
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One last thing if I may - the other watch I had been considering is below - what issues might there be with this watch that I should take into account? This one would make me just short of 'vintage' so is still marginally acceptable from a dateline / ego perspective!

If this one doesn't pass inspection I think I will take a breather for a while and spend a few months educating myself further!

Seller: watches.co.uk
Price: £2,850
Warranty: 12 Months
Age: 1972 (date stamped II.72 denoting second quarter 1972)
Model No: 5500
Box: Non Original Box
Papers: SWC Authenticity Card
Diameter: 34mm
Condition: Pre Owned - Fine
Case: stainless steel case
Crown: screw down crown and screw-down back
Movement: automatic movement
Dial: silver coloured dial with linen texture
Batons: white Raised Hour Batons
Crystal: plexi Glass
Strap: brown leather strap (Non-Rolex)
Buckle: original Rolex buckle

Any help you can give would be most appreciated, then I will leave you all in peace to enjoy your Sunday afternoon!


Terrible polishing on that one, some of the lugs have been polished down to almost nothing, with the lug holes at the very tips. I doubt that the hands and dial are an original set. It's common for the lume to age somewhat differently, but it's not likely that the lume would be yellow on the hands and black on the dial. In any case, the price is absurd.
 
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Thanks for this - apart from the AP I've constantly got my eye on (but never pull the trigger on) I tend to go for really simple watches, which is nice as it tends to keep me at the entry levels and out of the way of the bigger fish - I gave him the feedback on price and condition, he said he'd turned down £1,600 and felt a but dumb for doing so now - said he'd take it to have a proper watchmaker open the back and take a look - or just pass it down to his kids - I suspect he also needs a bit of time to realign his expectations! I will move on too from this one I think, thanks to everyone for their help.

If he is telling the truth, he was extremely foolish to turn down that offer. You can find watches like that for much less any day of the week.
 
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Terrible polishing on that one, some of the lugs have been polished down to almost nothing, with the lug holes at the very tips. I doubt that the hands and dial are an original set. It's common for the lume to age somewhat differently, but it's not likely that the lume would be yellow on the hands and black on the dial. In any case, the price is absurd.

Was just about to respond saying very much the same. Stick around here for a bit, and keep your eye on sales from known forum members. You’ll find much better pieces at fair pricing.
 
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Good to see the OP has listened to the predominantly sage advice in this thread, and ignored the bluff and bluster of the one poster. A quick review of his past contributions to this MB shows a decided tendency to shoot from the lip.
 
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If he is telling the truth, he was extremely foolish to turn down that offer. You can find watches like that for much less any day of the week.

I didn't get the feeling he was being untruthful, he didn't try to negotiate with me or sell the watch to me further, he went straight into "I better get this checked out properly" mode - I suspect people just inherit a near 70 year old watch with Rolex written on it form someone who used to be a bit of a collector, then look at the price of new entry level Rolex and think it must be worth decent money ………...
 
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Was just about to respond saying very much the same. Stick around here for a bit, and keep your eye on sales from known forum members. You’ll find much better pieces at fair pricing.

Thank you, I think I will do that ………..

Finally question, is it safe to assume that if I buy something from a proper auction (e.g. Bonhams on 18 Feb) that the watch will be roughly fairly valued for the quality i.e. am I relatively safe buying at auction, or is that too a bit of a minefield for a Newbie?

Thanks again for all the help.
 
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Thank you, I think I will do that ………..

Finally question, is it safe to assume that if I buy something from a proper auction (e.g. Bonhams on 18 Feb) that the watch will be roughly fairly valued for the quality i.e. am I relatively safe buying at auction, or is that too a bit of a minefield for a Newbie?

Thanks again for all the help.

It's hard to generalize about auctions, since people can get emotional when bidding (or forget about fees), and overvalue watches because other people are showing interest. The people who do best at auctions are knowledgeable enough to judge authenticity and value for themselves. Quality will be mixed at most auctions, and it's not wise to rely on the interest of other people as a guide. Moreover, you don't generally have comprehensive photos to view in advance, and the purchase is generally as-is, unless the watch is badly misrepresented.

The good news is that you are not fishing in the deep end of the Rolex pool, where fakes are common and prices are being driven up by speculators. It's quite easy to find a decent 34mm vintage piece at a reasonable price from another collector (use watchrecon to find listings) or even on eBay. Frankly, even nice examples of these references are not easy to sell. You just need to educate yourself a bit about condition, since you are gravitating towards the wrong examples at this stage.