Collateral Loans on Diamonds

If you have loose diamonds or diamond jewelry that you don’t want to permanently part with, but you need money quickly for unexpected expenses, consider taking out a collateral loan on your diamonds. Our Tustin location performs diamond appraisals and can provide same-day diamond-backed loans for you. Watch & Wares is fully licensed and bonded, and we offer some of the most competitive prices in the area.

The Diamond Appraisal Process

In order to establish the value of the loan, we appraise your diamonds to see what their value on the secondhand market is. Our expert gemologists will assess your stones based on several factors: cut, clarity, color, weight, and condition.

The shape or cut of the diamond is important when assessing value. For example, round diamonds tend to hold the most value in comparison to other, more specialized shapes. The diamond’s color is also assessed, and we assign it a letter on the GIA color scale, with D being the whitest in color and Z being the most color tinted. Clarity will also be assessed according to GIA standards. Our gemologist will evaluate the diamond through as many facets as possible to ensure that they can see all of the present inclusions and identify any blemishes. After we have determined its clarity grade, we take the weight of the diamond into consideration. Diamond prices are based on the weight of the diamond in carats. If your diamond is set in jewelry, we will estimate the weight of it by measuring the diameter and depth down to the millimeter. Once we have determined the value of a diamond in your weight bracket, we will assess the condition of the diamond. Although diamonds are generally in good condition due to their extreme durability, they can sometimes break in areas over time. It is relatively rare for a diamond to be in poor condition, however.

Once we have taken all of these factors into consideration, our expert team will be able to determine the exact market value of your diamond and offer your a fair and honest loan value based on its value. If your diamonds are set in a jewelry piece, the value of the overall jewelry piece will also be evaluated and added to the loan total. For example, vintage estate jewelry tends to have a higher value.

Collateral Loan Terms

After one of our highly-trained gemologists assesses your piece and determines its market value, we’ll offer you a loan amount. There is no obligation to accept it, but we offer our best price right away. All of our collateral loans are four-month loans with a ten-day grace period. Our interest rates are based on the value of the loan, and they’re always state regulated. Should you choose to accept the loan plan offered, we’ll issue you a loan ticket that contains all of the relevant information about your loan terms. We’ll then hold on to your diamonds until you repay the full loan within the agreed-upon four-month timeframe. You also have the option to renew your loan by paying the entire interest owed. If you fail to pay back or renew your loan on time, then we will keep your diamonds as repayment. This makes collateral loans a good option for those with poor credit or those who fear damaging their credit score, as failure to repay collateral loans never affect your credit. If you do repay your loan in full, you can then come in and collect your diamonds at any time.

You can get a substantial amount of money quickly by borrowing against your diamonds with a collateral loan from Watch & Wares. If you have loose diamonds or diamond jewelry that you would like to have evaluated for a loan, stop by our Tustin location and allow one of our experienced appraisers to determine the value of your piece. We have been serving the Orange County area for more than 25 years, so you can trust us to consistently offer competitive prices with transparent processes and premium customer service.

Why Do Rolex Watches Increase in Value?

When people think of investments, they typically think of property, stocks, or bonds. These are certainly the most traditional and safe forms of monetary investment. However, some luxury items can also be investment pieces that increase in value over time. One such example is Rolex watches. Rolex watches have consistently increased in value since the brand was established, and many of their classic timepieces are now considered safe luxury investments since they are virtually guaranteed to hold their value. If you own a Rolex watch and need cash quickly, a collateral loan against your watch could earn you a lot more than you think while still allowing you to keep your investment piece for years to come.

Why Are Rolex Watches Valuable?

The short answer is that Rolex is the biggest watch brand in the world. A widely-recognized brand name adds inherent value to any item. Beyond this, several factors have caused Rolex to become a brand whose products hold their value: they’re made of high-quality materials, they’re highly in demand, they have a good brand heritage, they have an impressive list of famous customers and spokespeople, they’re easily recognized, and they’re widely available. The combination of these factors has made Rolex watches not only hold their value over time but actually increase in value. In fact, a Rolex traditionally increases in value by 5-15 percent each year.

As with all luxury goods, you have to choose the right model in order to guarantee your investment. With Rolex, sports watches such as the Submarine and the Cosmograph Daytona are desirable and classic models that can be consistently sold for the purchase price or higher. More contemporary, colorful, or customized Rolex watches, on the other hand, are more likely to depreciate in value as trends change. While some of them may end up being rare and collectible, there’s no way to guarantee this, making a classic model a much more reliable investment.

Collateral Rolex Loans with Watch & Wares

The cost of purchasing a new Rolex watch from retail stores has increased exponentially over the past three decades, even accounting for monetary inflation, and this trend is likely to continue. A classic Rolex previously purchased for $4,000 may now cost $6,000, for example, and would, therefore, be worth more than was paid for it at the time. Collateral loans are an excellent way to take advantage of this trend if you’re in need of quick cash. You can receive more money for the loan than you spent on the watch if you’ve had it for several years, which is advantageous in itself. It also means that you don’t have to sell the watch and lose your investment permanently. Following the repayment of the loan, you’ll have your item returned to your possession, and you can hold onto it for longer allowing its value to appreciate even more.

We have an expert team at our Tustin location that is qualified to appraise your Rolex and offer you a valuable collateral loan if you’re in need of quick cash. We’ll evaluate your Rolex based on the model’s value on the secondary market and overall desirability. We also take into account condition, materials, and rarity. The process is thorough but quick, and we can give you the Rolex loan value within a matter of minutes. All of our collateral loans are issued with a four-month loan term plus a ten-day grace period, and all interest is state-regulated.

Rolex’s global recognition and established history in the luxury market makes it a classic choice that people will continually desire. Rolex watches won’t go out of style like more contemporary brands might. With that risk eliminated, an investment can be made more confidently, and the value is likely to hold, if not increase. If you need cash fast but don’t want to lose your investment piece permanently, consider a collateral Rolex loan from Watch & Wares. We’ve provided luxury loans for almost 30 years, and we’re fully licensed and bonded. Visit our Tustin location near the intersection of the 55 Fwy and East 17th Street or give us a call at (714) 731-9600.

How to Avoid a Collateral Loan Scam

Cash and jewelry loans can be a great option if you need cash fast and have valuables to trade. They don’t require a credit check, failing to repay doesn’t hurt your credit score, and you get your cash instantly. Whether you want to collateralize Rolex, estate jewelry, designer handbags, or other valuable items, a short-term collateral loan can be a good option for getting cash quickly without hurting your credit or permanently losing your valuables. However, before entering into an agreement with any lender, it’s crucial that you do your research to ensure that you don’t fall victim to a personal loan scam.

Some pawnbrokers operate illegally and fail to follow loan regulation laws. They charge more than the annual percentage rate (APR), have customers sign illegal contracts, and deceive customers about the interest rates and fees on their loans. Make sure you know the signs of a personal loan scam so that you can avoid falling victim and losing both your valuables and your money. Here are a few warning signs to look out for:

  • The lender doesn’t have a license to operate in your state

States require that any lender or pawnbroker register for a license to legally trade. Make sure that you request your lender’s license number and verify their legality before entering into an agreement with them.

  • The business has no physical address listed

If the lender has no easily searchable physical address or phone number, be wary. Scammers try to make it difficult to contact them to avoid any confrontation or legal action you may pursue if you do get scammed.

  • The loan requires up-front payment

If you’re being asked to put up a payment up front, such as a processing fee, it’s likely that you’re being scammed. Scammers want to make money quickly, so running off with your up-front “fee” is a likely scenario. Legitimate pawnbrokers will never ask you for payment when processing a collateral loan, just your valuable item which they will return once you pay off your loan.

  • They have vague loan terms or are hesitant to provide them at all

Illegal loan schemes will likely charge you more interest than the state’s legal maximum rate. They add hidden fees and high rates disguised in complex wording to make as much money off of you as possible. Make sure that your lender is transparent about their fees and interest rates to avoid paying out more than you were planning on (or is legal).

  • There are no online reviews available

Legitimate pawnbrokers will have testimonials or online reviews available for your viewing. Using third-party websites such as Yelp to verify that other customers receive satisfactory service is an excellent way to ensure that you won’t be scammed later down the line. If a business has no reviews online, it’s likely because they’ve deleted or hidden bad reviews to avoid alerting potential customers to their deceptive business practices.

Pawn shop loans are a wonderful tool to have if you need cash to last you until the next pay period, or if you’re looking to build your credit score. However, it’s imperative that you perform thorough research and stay vigilant so that you avoid falling victim to a collateral loan scam. If you need a safe and reliable cash loan for jewelry or other valuables, call Watch & Wares today or stop by our location in Old Town Orange. One of our highly-experienced professionals will be happy to walk you through the process and provide you with a fair value cash loan.

How to Spot a Fake Rolex

Since 1905, Rolex has been mastering the craft of luxurious, elegant, and reliable wristwatches. Rolex watches are made to stand out from the crowd and are a top-of-the-line brand that is extremely desired, so many people try to mimic and counterfeit their style to take advantage of consumers looking for a Rolex. No matter how well a copycat Rolex is crafted though, the fake Rolex and the real one will still have many differences. If you’re hoping to invest in a Rolex, here are a few things you can check for when purchasing your timepiece, so you can be confident that the watch is authentic.

Price

If a seller is trying to sell a Rolex for less than $1,000, it may be counterfeit. Most used certified Rolex watches can still cost upwards of $1,500 to $50,000, depending on the model and quality. It’s possible to find a real Rolex for less than $1,000, but in those cases, we’d recommend being more cautious about the quality and looking for other signs to validate the authenticity of the watch.

Cyclops

The Cyclops is the magnifying lens above the date window, which magnifies the date by 2.5 times. It’s important to check if the Cyclops is centered as Rolex watches will always have it perfectly centered. If the date is not centered perfectly for the Cyclops and is a little off or isn’t appropriately magnified, the watch may be a fraud.

Material

Rolex only uses the finest metals and materials to make their watches, including stainless steel called 904L steel, 18k gold (not 14k), and platinum. The company takes great pride in crafting each watch to absolute perfection in style, quality, and durability. Getting the Rolex appraised by a third-party jeweler to verify the metals used in the watch will help you determine if it’s genuine or not.

Weight

Because authentic Rolex watches are made of precious metal and the finest materials, this means it should heavy and solid when you hold it in your hand. Whereas counterfeit Rolexes are lightweight because it lacks quality materials.

Stamping

Rolex is notorious for its perfection in every aspect, including the stampings on the face watch and the serial and model number. The lettering and spacing are always precise, clear, and clean. There will never be any errors in the stamping, and if you notice that there is, it means that the Rolex you are looking at is not authentic.

Serial and Model Number

As previously mentioned, the imprints are perfectly marked. The serial and model number are solid, fine lines that are deep and clean. Replica Rolexes often look rough and sand-blasted, and they do not reflect light the same way as the diamond-cut edge of authentic Rolexes.

Case back

Most authentic Rolex have a plain metal case back. Some fake Rolexes will have a clear case back where you can see the movement inside; however, only the rare vintage 1930s models have a clear case back. Additionally, Rolex also does not typically engrave on their case back with their logo, words, or other pictures. There are only a couple Rolex series with engraving on the case back, such as the Sea Dweller and Milgauss.

Movement

Rolex watches are built to be smooth, cohesive, and meticulous. If one were to unscrew the case back, they would see that the inner workings of the Rolex have different colors with perfect wheel movement and engraving on the inside of the case back.

Ticking

When it comes to the movement of the hands of a Rolex, each second is broken down into eight steps, which allows the second hand to be smooth and glide around the face instead of ticking. Fake Rolex watches move with a ticking motion for the second hand, as well as make a ticking noise. An authentic Rolex will never make that ticking noise, so if you notice the Rolex you are thinking of purchasing is making that noise, it means it’s fake.

Water Resilience

All authentic Rolex models are waterproof, due to its tight build. Although there are specific models made for deep sea diving, all Rolexes are made to be leak-proof. Many counterfeit Rolex watches are not waterproof, so if the seller allows, you may test the waterproof integrity of the Rolex to verify it is genuine.

Seller

It’s vital to know who you are buying from and their reputation. Trustworthy dealers will be able to provide you a guarantee of authenticity for proof and are likely to have positive reviews and recommendations from previous customers on Yelp, Google, and even Facebook.

Here at Watch & Wares, our reputation precedes us, and we always put our customer’s values first. If you’re looking to invest in a used Rolex watch, we are the place for you! Our vintage watches are restored to original manufacturer specs, and all of our watches come with a warranty.

Collateral Loan on Rolex

You need cash fast, and you’re thinking about selling your Rolex to get the money you need. But what if you don’t want to part ways with your watch? Luckily at Watch & Wares in Tustin, we have a collateral loan program for your Rolex, so you don’t need to say goodbye to your watch forever. Getting a collateral loan will allow you to get fast cash to use in any way you need. Whether you’re hoping to start a small business or investing in a new laptop, Watch & Wares offers same-day cash for collateral loans on used Rolex watches at our location in Tustin. Here’s what the process of a Rolex loan looks like!

The Process of a Collateral Loan With a Rolex Watch

Collateral loans are simple, straightforward, and can be used for a variety of items. When it comes to getting a loan with your Rolex, it’s even easier! Just bring in your Rolex to our location in Tustin to get connected with one of our representatives. We’ll evaluate your watch based on the Rolex’s value in the secondary market and the desirability of the watch. The process is very quick, and we can give you a loan-value within minutes.

What Could I Use a Collateral Loan For?

Many small businesses throughout Orange County use collateral loans for start-up costs, payroll, inventory investment, and other business needs. Small business owners have found that taking out a collateral loan is helpful when money is a little tight for the company. When taking out a hassle-free collateral loan with a valuable item, such as a Rolex watch, business owners can have extra cash on hand to ensure solvency, while still owning their Rolex.

Collateral loans could also be used for personal uses. Many people will take a Rolex loan to invest in an engagement ring, home improvement projects, or for tuition. If the Rolex or other item has significant sentimental value, collateral loans are the way to go, as the item will be returned once the loan has been paid off.

About Collateral Loans at Watch & Wares Tustin

Our collateral loans are issued with a 4-month loan term plus a ten-day grace period. We also offer the option of renewing your loan by paying the interest amount. The interest rate is based on the amount of the Rolex loan and will be state-regulated. There is no penalty should you decide not to pay the remaining amount of your loan, as the Rolex will act as payment.

Watch & Wares is licensed and bonded. Our reputation precedes us, and our friendly staff is here to ensure you are completely satisfied with your experience.

Have questions about taking out a collateral loan on your Rolex? Visit our Tustin location near the intersection of Costa Mesa Fwy and East 17th street or give us a call at (714) 731-9600.

How To Get The Perfect Vintage Engagement Ring For Your Loved One

So you’ve found “the one” — the person you want to spend the rest of your life with. You’ve been saving money for months to get that vintage engagement ring, but you’re hoping to have a little more in your pocket before you pull the trigger. Luckily at Watch & Wares, we have a couple of options that help you buy the vintage engagement ring you loved one deserves! It is FOREVER after all.

SELL JEWELRY & PAWN ITEMS

Your first option in getting your engagement ring is to sell some of your other jewelry in exchange for money. At both the Tustin and Orange Watch and Wares locations, you can bring in these valuables and get them appraised, and then decide whether or not you’d like to sell. We buy a variety of wares including jewelry, handbags, luxury watches, art pieces, and more, so you’re not limited in your options. Just make an appointment, and we will appraise your items on the spot. Getting that perfect vintage engagement ring for your loved one is something that they will cherish forever so that you can use your seller’s reward towards an investment item for your future.

We sincerely value our customers, and we always strive to give you the highest monetary value possible for your luxury items. We will provide you with a fair, accurate, and hassle-free offer, which can be payable in cash on the spot! Selling your jewelry will typically get you more money than taking out a collateral loan. However, unlike a collateral loan, the item will not be returned to you unless you purchase it back.

Some brands we buy are likely to purchase from our customers include Tiffany & Co., Bulgari, Cartier, Rolex, Omega, Breitling, and Louis Vuitton. We do not buy electronics, clothing, or weapons. To learn more about selling jewelry and pawning items with Watch and Wares, visit our Sell Jewelry page for our Orange and Tustin locations.

TAKE OUT A COLLATERAL LOAN

Your second option is through our collateral loan services. If your item has sentimental value and you do not wish to get rid of it indefinitely, consider taking out a jewelry loan (also known as a pawn loan or collateral loan). Getting a collateral loan is very simple at Watch and Wares Tustin, and you will not need to make an appointment to get an appraisal.

Bring the item(s) that you would like to use as collateral to our Tustin location and we will give you a free evaluation of what we think the item is worth. You will then be issued a 4-month loan with a ten-day grace period, and a state-regulated interest rate based on the loan amount. We do not require credit checks or income verifications, so you get the loan without any credit score risks involved.

When you take out a collateral loan, we will securely store your item until you have paid off the loan in its entirety. If you end up needing longer than the allotted amount, you can renew the loan by paying the current interest. There is also no penalty should you decide not to pay the remaining amount. Your collateral item will act as your payment and belong to Watch and Wares. We accept jewelry, luxury watches, gold, and other precious metals as collateral items so you can find the item that works best for you. You could be proposing much sooner than you anticipated with a ring that your future husband or wife will love. To learn more about taking out a jewelry loan with Watch and Wares Tustin, visit our service page.

Whether you want to sell your jewelry or take out a collateral loan, Watch & Wares is here for you. It’s personal preference on which service will work best for your engagement ring plans, and we’d be more than happy to answer any questions you may have about our services. Getting the perfect vintage engagement ring has never been easier!

For questions about collateral loans, please call our Tustin location at (714) 731-9600. For all other questions, please call our Orange location at (714) 633-2030.

What Items Can I Use For Collateral On My Jewelry Loan?

 

If you need fast cash but don’t want to sell your valuable jewelry, taking out a jewelry loan is an excellent option for you. Jewelry loans, also known as pawn loans or collateral loans, work by trading in gold, jewelry, or other valuable items as collateral for money. Items brought in as collateral will vary in value depending on numerous factors, which will be determined by an evaluator. Here at Watch & Wares in Tustin, we’ve compiled a list of items you can use as collateral for a jewelry loan.

Items You Can Use as Jewelry Loan Collateral

Most luxury accessories can be used as a jewelry loan collateral. The amount you may receive will vary, depending on brand, quality, and the face value of the item. Some common items we accept as collateral are, but not limited to:

Rings, Earrings, Necklaces – We determine the value of jewelry depending on the clarity, carat, cut, and color of the diamond. Typically, vintage estate jewelry will be offered more money.

Luxury Watches – Some familiar brands we offer loans on are Rolex, Zenith, Oris, Omega, Girard Perregaux, Cartier, Panerai, and much more.

Gold – Gold itself is valuable and can be used as collateral. How much we offer will depend on its quality and weight.

Pawn Loans Versus Selling Jewelry

Taking out a pawn loan and selling jewelry can both get you fast cash for the same items. However, both options have their pros and cons that just come down to personal preference when deciding between the two.

Through Watch & Wares, jewelry loans work by issuing a 4-month loan with a ten-day grace period and an interest rate based on the loan amount. This is an excellent option for items with sentimental value that you do not want to sell off. As long as you pay back the loan accordingly, there is nothing to be worried about in regards to your jewelry loan.

When selling your jewelry, there is no financial risk involved at all since there will be no loan for you to payback. Customers typically will receive more money for the item(s), but this also means that the jewelry no longer belongs to them and the piece’s title now belongs to the buyer/shop.

Ultimately, it is a personal preference and up to the customer to decide whether or not they want to release possession of their item. Regardless of what you’d like to do, Watch & Wares offers pawn loans and buys jewelry at our Tustin location.

We are a family owned and operated licensed pawnbroker business with over 25 years of experience that you can trust. Our policy is to always treat our customers with the utmost respect, which is why all transactions are 100% confidential and discreet.

Have questions about taking out a pawn loan or how you can buy or sell jewelry? Visit our Tustin location near the intersection of Costa Mesa Fwy and East 17th street or give us a call at (714) 731-9600.

4 Signs Your Watch Needs Maintenance

Upscale timepieces are meant to last a lifetime. For you to get the best out of your watches though, it takes a little love, care, and maintenance. Here are a few signs that indicate it’s time to bring your watch into Watch and Wares for maintenance.

Indication of Moisture

It’s almost a given that your watch will come into contact with water at some point in time. If there is evidence of any moisture or condensation inside the glass of your watch when it does, or in general, it’s time to take a trip to Watch and Wares to repair your watch. If you plan on swimming with your watch, be sure to adjust the crown and ensure it is tightly secured before you enter. If you come into contact with salt water, be sure to immediately rinse your watch with fresh water and dry thoroughly with a soft cloth. Moisture can increase the risk of damage to the functionality of your watch, so taking care of the matter promptly is imperative.

Behavioral Change

If you start the notice that your second hand is skipping by a couple of seconds, it’s time to take your watch in to get serviced. When your watch starts to skip a beat, it is usually an indicator that your battery is running low. Watches that have reached this point should be taken in for an immediate inspection. Don’t wait until the watch is completely drained to take it in for maintenance. Most Quartz watches can detect when the battery voltage drops below a certain level and will notify you that it’s time for a new battery. Prolonging this replacement can cause severe consequences, such as a potential battery acid leak. From a professional standpoint, it is recommended to have your battery switched out every 1-3 years to ensure optimal use.

Mechanical watch movements, on the other hand, are powered by the energy created from the movement of the mainspring. If you’ve dropped your mechanical watch and noticed that it’s not working properly or has stopped running altogether, the impact might have caused the axle to break or become displaced – resulting in an axle replacement. Extra care also needs to be taken when adjusting the time and date on your mechanical watch. The gears inside of a mechanical watch pre-engage before the actual change at midnight. So if you are manually changing the time and date, you need to be careful in order to not break the gears that are already engaged. If you happen to accidentally break a gear, you may notice a behavior change with the hands. If this is the case, you need to take your watch in for maintenance to repair the gears and behavior of the watch.

Something Sounds Off

If you’ve accidentally dropped or hit your watch on a hard surface, it’s possible that it took on some damage. The mechanisms and movements of watches are extremely complex, and sensitive. Even the smallest of bumps can jolt the function of your watch. A clicking noise could be an indicator that your watch is in fact damaged or on the verge of something more serious. If the rotor axle is exhibiting a type of rattling noise, it can eventually interrupt the inner working elements within the watch itself – shortening its lifespan. If you start to hear an odd rattle or noise or feel like something is off, head over to a professional repair shop to get it checked out.

Loose Crown

A watch crown is an important and necessary component to any watch. They allow you to change the time and date of your watch as well as wind and stop it. Though watch crowns are built to be durable and capable of withstanding tough conditions, they are susceptible to becoming damaged due to its exposure. The crown is connected to a tiny stem that allows the watch to execute its meticulous movements. If you notice that it becomes stiff or loose or has completely lost its function, a replacement is needed. Loose crowns are a common issue and can be easily replaced.

From battery replacements to detailing services, Watch and Wares provides each and every client with the highest quality watch maintenance services in Orange County. For over 30 years, we have perfected the art of craftsmanship, providing you with the best possible repair experience in the industry. If you think your watch needs servicing, take the initiative to ensure there will be no additional damage to your precious timepiece.

The Lap of Luxury

Another Luxury Day, Another Luxury Dollar


Working in The luxury goods industry certainly has its advantages. First off, we get to buy awesome watcheshandbags, and fine estate jewelry all day long. We also are greatly privileged to have many customers come in with such great estate pieces to sell to us. After all, We are always happy to find new homes for these amazing sundries.

When you do as much buying and selling of estate items for as long as we have, you gain a sense of the value of things just by looking at them. That’s why so many of the fine folks who visit us rely on Watch and Wares for high-quality, concrete information on their luxury items. The owner, William, is always happy to answer questions or provide guidance. What should you do with estate pieces that may need a new home? Watch and Wares can usually help. In fact, many other estate jewelry buyers and store owners come to us for our expertise. After all, we have been around for over 28 years!


luxury goods, estate jewelry
Defining Luxury

But what defines a luxury item? Webster’s dictionary offers several helpful definitions:

1: a condition of abundance or great ease and comfort : sumptuous environment

 

  • lived in luxury

 

2a : something adding to pleasure or comfort but not absolutely necessary

 

  • one of life’s luxuries

 

: an indulgence in something that provides pleasure, satisfaction, or ease

-And isn’t that just a perfect description? After all, wearing a stupendously sparkly engagement ring does provide “pleasure” and “comfort” while still not being “absolutely necessary”. In other words, these items are pieces that exist for their own sake. They are art that you can use for the pleasure and enjoyment of it. After all, we don’t need diamonds or gold. We want them, because they make us happy and content. Luxury items like estate jewelry and fine watches are food for the soul.

Used Rolex Guide For Watch Enthusiasts

Used Rolex Guide for Watch Lovers

Retail Isn’t Everything

Used Rolex watches are kind of like cars. You can spend almost any amount on them, and some cars either appreciate or depreciate based on their rarity and popularity. People who buy lots of cars rarely buy brand new. After all, we have heard many stories of someone buying a luxury car brand new, only to lose ten thousand dollars in value just driving it off the lot. Smart car buyers know to buy cars at market value. The same goes for a used Rolex.

Sticker Shock

sticker shock, surprise, used rolex sticker shockIt can be somewhat shocking to go to a retail jewelry store and see the prices on a new Rolex. Not to mention the intimidation factor can be quite real when dealing with pushy sales people, practically shoving past each other to try to earn their commission. That commission also makes it difficult to negotiate for a better price. After all, there are plenty of people willing to pay full price, so why should they discount it for you?

Start With Reputable Companies

gmt, gmt master, submariner, 50th anniversary, used rolex

Make sure you purchase from reputable sellers.

It used to be so easy to tell the difference between a fake Rolex and an authentic one.  However, as manufacturing  becomes ever more precise and automation more prevalent, more and more excellent fakes are flooding the market. While there are many websites dedicated to spotting fakes, the only true protection you can have is to buy your watches from a reputable merchant. Do your research. Check their Yelp reviews, you can guarantee if someone sold a fake, chances are that person will write a 1-star and explain why! You can also seek out a business’s reputation in other ways. Are they a member of the Better Business Bureau? Does this merchant have an eBay store? What is their rating on eBay? How long have they been in business?  Do they offer a warranty? These are important questions, and ones that can arm you properly against being swindled when searching for your used Rolex.

 

 

How to Spot a Fake Used Rolex

loupe, used rolex, rolex box

Use a loupe to inspect your potential watch

While fakes are indeed getting better, here are a few tips to help you avoid  a replica used Rolex:

  • The Price: First off, you should always keep the old adage in mind: If it seems too good to be true, it probably is. If someone is offering a six thousand dollar watch for six hundred, the alarm bells should be ringing in your head. While it is possible that a private seller may not know what they have in terms of value, in the information age we live in, that is highly unlikely. It is even less likely that a dealer doesn’t know what they have.
  • The Ticking: Rolex watches typically don’t “tick” in the conventional sense. As they utilize high quality mechanical movements, Rolex automatic watches tend to “sweep” or look like smooth motion unless you look up real close. If you see a Rolex “ticking” like a quartz watch, chances are it isn’t real.
  • Weight: Many fakes can look really close to an authentic piece, but in many cases, as they use cheap metals and other materials, the weight will be way off. Pay attention to how dense it feels in the hand.
  • Serial Numbers: In many cases, fake watches may have serial numbers on them, but the quality of the engraving is usually quite shoddy. If a watch has serial and reference numbers that look, well, off, it can be an easy tell. Many a used Rolex  can include the original box and papers. This provides a point of comparison to allow you to look up the numbers and authenticate the piece.
  • The Dial: The watch dial should be essentially flawless. The spacing between the markers should be perfect, the color should be even with no marks or lines. You can use a loupe to check up close. Your dealer or store should have them available for the asking. Learn how to use a loupe here

We Hope This Helps You Find a Used Rolex

used rolex, turnograph, datejustAt Watch & Wares, we have sold authentic used Rolex watches for over 26 years. We have painstakingly built a reputation of quality and excellence in customer service.  Our Yelp, Google, and eBay reviews speak for themselves. If you are in the market for a used Rolex, Watch & Wares would be happy to help you find your new dream watch! We offer fair pricing on all our watches, along with a 2 year warranty (parts and labor) so you can rest assured that you are buying a high-quality timepiece. Check Out Watch and Wares