Finding an excellent Rolex that is a descendant of the original Oyster, the world’s first waterproof wristwatch, a Sea Dweller, a Submariner, Daytona, or one of the other exquisite Rolex watches at an affordable price is a dream you may have.
There is no need to pay high prices when you can get a Rolex at a great value at an affordable price from a pawn shop.
Pawn shops have Rolex watches in their inventories, and they may even have the packaging unique to the model of watch they are selling. Having original boxes and the things that the new Rolex were packaged in can bring extra value to a luxury watch when it’s being sold or pawned. Borrowers and sellers bring their Rolex to a pawn shop, hoping to get fast cash.
A Rolex wristwatch with gold or a watch in high demand on the luxury watch market will draw more money than another wristwatch that isn’t a name-brand watch.
In the watch world, Rolex is known as a luxury watch and lives up to its name. The watches are a timepiece with century-long details and expertise. The pure quality of the watches makes them highly sought after.
A Brief History Of When and How Rolex Watches Are Produced
Rolex was founded by Hans Wilsdorf and Alfred Davis in 1905. The company registered the name ‘Rolex’ as the brand name of its watches in 1908, and it became Rolex Watch Co. Ltd.
In 1905, Hans Wilsdorf founded a company in London and began dreaming of a watch that would be worn on the wrist. During this time in history, wristwatches were not accurate, but Wilsdorf was a visionary and knew that a wristwatch could become elegant and reliable.
A Short, Easy to Say and Remembered Name ‘Rolex’
The Rolex founder Hans Wilsdorf wanted a name that was short, easy to say, and remembered in any language. Hans Wilsdorf tried combining different letters in the alphabet to develop a name, and nothing worked. One morning he was riding on the upper deck of a horse-drawn omnibus along Cheapside in the City of London; he said, “a genie whispered ‘Rolex’ in my ear.”
In 1910, a Rolex watch was the first watch to receive the Swiss Certificate of Chronomantic Precision presented by the Official Watch Rating Centre in Bienne. Just four years later, he was awarded a class “A” precision certificate by Kew Observatory in Great Britain!
Legendaries like Warren Buffett, J.F Kennedy, and Winston Churchill have worn Rolex watches. You can only imagine the effortless style, precision, and craftsmanship were the selling point for these iconic people.
Rolex watches have an array of gemstones and precious metals, and all these add to their value.
Did you know that Rolex watches are the only watches made out of 904L type steel? Typically most watches are made from 316L steel, stainless steel, and other metals or alloys.
A chronograph Rolex, such as the Rolex Daytona, has 44 jewels, and the IWCII IWC Il Destriero Scafusia has 76 jewels. Rolex uses synthetic sapphire crystals created to be extremely hard and durable. These sapphires are resistant to scratching, while acrylic does scratch. Now all Rolex watches feature the sapphire crystal. These crystals help make preowned Rolex watches look new with fewer flaws.
Rolex watches use 18ct gold, a princely alloy composed of 750‰ pure gold. They also have Everose, Rolex’s exclusive pink gold alloy.
Authorized dealers can only sell new Rolex watches. Rolex watches are only made in Switzerland; they never tick and have Swiss-made printed on the bottom of each dial. They are soundless because an automatic movement operates them. Rolexes are tool watches that should be worn literally on any occasion.
Pre-owned watches are sold online, in jewelry stores, and by pawn shops. Understanding how new watches look and perform will help you find a pre-owned watch to purchase.
Rolex makes the Rolex Submariner, the Yacht-Master, and the Rolex Explorer are a few models made by Rolex. The Daytona 116500, 126710BLNR, the 126710BLRO, the 116610LN, the 114060, the 126711CHNR, the 116610LN, and the 116610LV. are difficult to find. Their scarcity makes them expensive.
New Rolexes can be difficult to find for a buyer without an established relationship with an authorized dealer. Rolex’s last new release was the Sky-Dweller in 2012.
When you decide to buy a pre-owned Rolex, make sure the watch experts you are dealing with know about the brand, the function of the watch, details about the watch bracelet, characteristics of the Rolex watch bezel, the different Rolex models, and how the oyster case was an important milestone in the history of the company and how it contributed to the first waterproof case for a wristwatch. Why? Because this tells you they know Rolex and the watch brand is a luxury brand in the world watch market.
Goldmine Pawn has a team of knowledgeable watch experts. They have a large inventory of pre-owned watches that people may want to buy. Sharing information back and forth with the pawnbrokers will reassure you that you are working with someone who knows luxury watch market brands.
Don’t take the risk when selling your Rolex to anyone.
If you own a Rolex and want to sell it or pawn it, make sure you visit Goldmine Pawn. The experts will look at your watch and give you a free appraisal. The pawnbrokers will also consider any original packaging or documents you have.
Goldmine Pawn will make you an offer on your Rolex watches, and you won’t be pressured to sell or pawn them. The decision is yours.
Do your research before settling on a Rolex Watch Buyer. Not all buyers are the same.
Goldmine Pawn is located in Hollywood, FL. The shop serves South Florida with over 40 years of combined experience, opening on 2018. At Goldmine Pawn, there is no loan too big or too small (whether it’s $5 or $1,000,000); whatever your needs are, they are available to help.
Goldmine Pawn Corrects All Misperceptions of Pawnshops and their Rolex Watch Buying Services