Opinions on this Air-King

For some time now I have been looking at acquiring my first Rolex. Having thus far only owned vintage Omegas, it is, however, not without doubt that I am looking into stepping into another brand (and - for me - another price point).

This watch in question is a reference 5500, calibre 1520 with a 3.207.xxx serial number (details from the listing).
The watch is described as having a 40-hour power reserve but as the service history is unknown a service, as always, should be expected.

To me, the watch looks in good condition. It seems fairly unpolished and with a crystal that will clean up easily. From the back, the horns seem to have slight indentations from (perhaps) bracelets rubbing against them. The watch comes on an oyster bracelet which is a clear plus. To my (somewhat untrained) eye the dial looks original and in good condition.

The watch is priced at 3.000 USD/2800 EURO (it is being offered in Northern Europe). Not a bargain but to me it seems like a fair price (do you agree?).

Opinions are very welcome. Thank you!

Not bad...but go on ebay and type in Rolex Air King...you'll find some good competition for your money. And in 20 years, I've never lost a dime buying from high feedback vintage watch sellers. You just have to do your homework.

All things considered (including the bracelet, which is somewhat more stretched than it could be), it’s not an awful watch.

But as others have said, you can do better. Certainly an Air-King is a reasonable choice for your first Rolex, but don’t ignore Dates and DateJusts. They are also relatively affordable.

Thank you everyone for your replies. I have been looking for around a year now and don’t seem to be able to find many good Air-Kings/precisions in this price range - even when looking at sold listings on eBay (keeping in mind that I live in the EU). I guess I’ll have to keep looking.

Take a look at these.
1978 Rolex Two Tone Air-King Ref: 5501 Silver Dial with Box and Papers — Oyster Palace
1996 Rolex Air-King Ref: 14000 with Silver Dial — Oyster Palace

I have bought from this gentleman several times. He is completely above board and his watches come in excellent condition.
Yes he is far away in California...but look at the watches...they are worth it. I guess you'd be looking at 4000 to 4100 euros.

Thanks - but really my budget would be around 3000 USD max. Also, VAT and customs into Denmark would add 30% to the watches in question..

Understood. And you walked away from the watch you began this thread with because?

Because the comments all stated I could do better and/or that the watch might have some issues. Overall, the reception wasn’t positive.

For the money you quoted as the price you want to pay, it looks like a good deal. Is it in a town near you, so you can have it inspected by your own watchmaker? Have you seen it in person, tried it on, felt how it winds and sets (no slop...all tight)? Is the bracelet original to the watch? Is it in good shape (aside form the scratches)? Everyone is saying you can do better for your money, but is anyone giving you a link to the watch they are talking about? Over time you can always clean up this watch...new crystal, maybe a service in a year or so, have the bracelet tightened if it needs it. Compare this watch and price, to the other two I showed you. For more money you get a better looking example...and newer. But for $3000 US, you get a nice looking (and hopefully good running) watch that you can and enjoy and learn with right now. On the other hand...a full service, now or later is going to cost $750 to $1000. If you add that to your budget, you're at $4000. So you are going to pay $4000 all up front, or $3000 now and the other $1000 in a year. If you spend the $4000 up front, you will have a watch with a service history and that needs nothing. But the money is your private business. So unless someone can point you to a better watch right now, I would personally move on this one. My two cents.