Is It Time to Determine the Value of Your Watch?

December 14, 2016 By swj-eric

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Time to sell that old watch?

Whether it was inherited as an heirloom, or you purchased the watch yourself, you may not have a lot of information on the piece other than the brand stamp. In fact, the watch’s value likely changed over the years, even if you purchased it recently.

But don’t get overwhelmed just yet.

The process of determining the value of your watch will be much easier with a trusted buyer, but here are some things to consider first and foremost:

Factors That Determine the Value of Your Watch

Brand and Model. The most important factor in determining how much your watch is worth is the name you see on the faceplate. Obviously, a watch from Rolex or Omega will be valuable, however, even some obscure brands are being purchased at large values these days.

 Condition. This is somewhat self-explanatory, but the condition of your watch will go a long way in determining its value. Scratches, dents and restorations will decrease the watch’s worth.

Age. On a lesser level, the age of your watch will also play a role. Newer watches generally sell for more, but there’s also a large market for vintage pieces.

 Papers and Box. High-end luxury watches include papers that can help identify them. If you’re lucky enough to have these, you’ll get a higher price for your watch.

Sure, there’s a long list of factors that go into determining your watch’s monetary value, but these are the first aspects a buyer will look for.

Here’s a Tip: Skip the Auction Sites

Once you gather what information you can regarding your watch, it’s best to avoid auction sites, such as eBay. You may see a watch just like yours selling for a high price on eBay, but that doesn’t mean you’re guaranteed to get that amount. Prices vary on these sites and, frankly, just aren’t reliable.

Trust the Experts

The best way to ensure you get the most for your watch? Take it to a trusted jeweler for appraisal. Southwest Jewelry Buyers has been paying top-dollar for watches for the past 16 years. With an A+ rating with the Better Business Bureau and no-obligation appraisals for people looking to sell, Southwest Jewelry Buyers is the safest place to determine the value of your watch—and sell. Simply make an appointment and feel secure you’re getting the most money out of your watch.