Rolex 1665 DRSD - Advice needed

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Damn...I should pay attention...OP from September 2017? 馃槻

Still a great DRSD
 
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So since this is at the very end of the accepted range for the DRSD and it has the rounded Rolex on the caseback, did you make sure that the full serial number is engraved inside the caseback? It pre
Tha
Oh how the mkt has changed in a year! If dial is chip free with nice patina, hands match, correct insert, and nice case, the $30k is a very good price. Dealers seem to be at a floor of around $40k on them.

I was happy to snag mine...

Hi @watchnut, here is a couple of pics of the one I am looking at @ $30K , it is one owner, and serviced , unfortunately it has been polished and has an imo an awful engraving on the caseback.
I have not seen it yet so only have these pics.
The dial seems good. No bracelet.
I would appreciate your opinion.
Thanks in advance.

Oh how the mkt has changed in a year! If dial is chip free with nice patina, hands match, correct insert, and nice case, the $30k is a very good price. Dealers seem to be at a floor of around $40k on them.

I was happy to snag mine...

Congratulations on the catch, I think you have done well. As far as the chipped dial, I can't see them . Perhaps you can point them out ?
Don't be afraid to wear and enjoy this lovely watch , in my view there is no point having it otherwise.
Oh how the mkt has changed in a year! If dial is chip free with nice patina, hands match, correct insert, and nice case, the $30k is a very good price. Dealers seem to be at a floor of around $40k on them.

I was happy to snag mine...
 
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I am not sure what happened with the text above but any of the resident experts are encouraged to comment on the above pics as I am contemplating a buy of the piece.
To save you reading it through it is a genuine one owner , serviced , polished, damaged lugs by bracelet.
Thank in advance.
 
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I am not sure what happened with the text above but any of the resident experts are encouraged to comment on the above pics as I am contemplating a buy of the piece.
To save you reading it through it is a genuine one owner , serviced , polished, damaged lugs by bracelet.
Thank in advance.
Not a great example. Mk III Dial is decent from that picture. Mismatched dial/handset. Incorrect date wheel (should be silver) and poor case IMO. No pics of the caseback? Movement? Any info on the serial number?
 
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Not a great example. Mk III Dial is decent from that picture. Mismatched dial/handset. Incorrect date wheel (should be silver) and poor case IMO. No pics of the caseback? Movement? Any info on the serial number?
Thank you Faz, very good of you to contribute your valued comments.
I have just returned from viewing it. Dial is very good (no chips), the date wheel is silver, its the exposure that makes it look white in the pic.
You are right they are an old service handset. The watch is dated 1972 and genuine one owner, history is known with 5 service marks on the caseback.Mech is clean , no case corrosion. As you noted it has been polished but not as bad as I first thought. I am seriously contemplating this @ $30K US, its history and provenance is transparent. With any Rolex these days this is of great value. One only has to scan the dealers sites too but wonder where all these almost 50 year old immaculate Rolex's come from !
Any other critique is welcome.
 
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Thank you Faz, very good of you to contribute your valued comments.
I have just returned from viewing it. Dial is very good (no chips), the date wheel is silver, its the exposure that makes it look white in the pic.
You are right they are an old service handset. The watch is dated 1972 and genuine one owner, history is known with 5 service marks on the caseback.Mech is clean , no case corrosion. As you noted it has been polished but not as bad as I first thought. I am seriously contemplating this @ $30K US, its history and provenance is transparent. With any Rolex these days this is of great value. One only has to scan the dealers sites too but wonder where all these almost 50 year old immaculate Rolex's come from !
Any other critique is welcome.
For $30k, I think you are doing well in this market. It鈥檚 hard to tell about the case from those pics...how fat are the lug?
 
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For $30k, I think you are doing well in this market. It鈥檚 hard to tell about the case from those pics...how fat are the lug?
Well it has been polished and a couple of lugs have been damaged by 43 years on a bracelet . This will be fixed by my expert finisher/ watchmaker and the service hands ( lume is cracked) will be matched to the dial.
There is an engraving on the caseback with owners name date, which initially I did not like but now realise this gives provenance as he is the seller.
If the deal happens (largely dependant on my selling my Patek 5035P) I will post pics here.
Thanks for your interest , it is very reassuring when spending this sort of $'s.
 
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Well it has been polished and a couple of lugs have been damaged by 43 years on a bracelet . This will be fixed by my expert finisher/ watchmaker and the service hands ( lume is cracked) will be matched to the dial.
There is an engraving on the caseback with owners name date, which initially I did not like but now realise this gives provenance as he is the seller.
If the deal happens (largely dependant on my selling my Patek 5035P) I will post pics here.
Thanks for your interest , it is very reassuring when spending this sort of $'s.
Good luck, you will love it...well worth the jump into the deep end of the pool!

Buying mine was the best watch decision I鈥檝e ever made/
 
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Good luck, you will love it...well worth the jump into the deep end of the pool!

Buying mine was the best watch decision I鈥檝e ever made/
Thanks guys for all this advice I have gleaned here.
I am in a quandry over the aforementioned DRSD for $30k. Having checked the caseback the numbers do not match the movement, this watch has impeccable provenance so we do not know how this has the wrong caseback.
My concern is we have a DRSD that has been polished, damaged under lug ( from bracelet) , service hands and now the incorrect personally engraved caseback.
I am thinking although I know its credentials BUT to anyone else it becomes a "bitsa" and its value diminished but by how much ?
This becomes a watch that is hard to sell and I am now having second thoughts as to it's $30k pricetag.
I have mentioned my concerns to the seller and he is of the opinion it is already underpriced.
Advice please and thank you for considering this situation I find myself in.
 
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The numbers in the caseback should the serial number on the watch between the lugs and not the movement which has its own number.
 
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The numbers in the caseback should the serial number on the watch between the lugs and not the movement which has its own number.
Sorry my bad it is the case serial it does not match.
 
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Argh ok I thought that might be the case! Are the numbers miles out or just not engraved on it?
 
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Thank you @leefowler.
They are on the caseback and I am not sure how far out they are as it was my watchmaker that picked up on it . My watchmaker cannot understand this as the watch caseback is engraved with the owners name and date (21 st birthay present) . I am thinking that this was engraved by the AD at time of purchase and they had another DRSD on I the bench and engraved the wrong caseback. Even this is unlikely as we are a small city in 1975 , two DRSD's on the bench at the same time , possible.
I am of the opinion this affects its resale value, doesn't matter that I beleive its straight when my estate comes to sell it they will have problems, unless of course it is very close to the case serial.
 
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Non marching caseback and case is a dealbreaker for me. Will crush resale as people will doubt.

But who knows...
 
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Non marching caseback and case is a dealbreaker for me. Will crush resale as people will doubt.

But who knows...
They are my thoughts , thanks for the opinion, highly valued.
Next step how would you value this now deprectiating asset ?
 
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They are my thoughts , thanks for the opinion, highly valued.
Next step how would you value this now deprectiating asset ?
That鈥檚 tough...if you want to wear and enjoy, I鈥檇 say $25k, but that is a bit arbitrary number.

Others will have better insight than me.