If you’re like most people, you’re not in the business of buying and selling watches. You may have in your possession, however, one or more vintage or antique watches that you inherited from your grandparents or great-grandparents some time ago. Or maybe you were gifted an expensive watch when you were younger and you’ve held onto it all these years for sentimental reasons. Either way, now is as good a time as any to make some extra cash from your valuable watches. There’s a good market for selling high class watches in Boca Raton and if you’ve got the merchandise, you can cash in on your vintage jewelry.
Even though you’re not in the business, there’s no harm in gleaning some tips from the pros before selling your watch or watches in Boca Raton. By learning a few tidbits about selling, you may be able to negotiate a higher price. It’d be great if all watch buyers were willing to give you top dollar for your jewelry, especially if your merchandise has value. Unfortunately, that’s not the case and if you hope to do well in selling, you’re going to have to protect your own interest. You do this by learning as much as you can about your product and by finding out what Boca Raton watch buyers look for when purchasing valuable watches.
Branding is Important
It’s difficult to sell a product you know hardly anything about. So the first order of business to selling your watch is getting to know your product – its brand, its model, age, where it was made and any special features that distinguish it from “the crowd.” It’s not enough that you love that watch and think it’s the coolest watch on the market. Boca Raton watch buyers are interested in brand names and value. If you have an old Rolex, for example, buyers will want to know what company made the watch, how it works and what sets it apart in its class.
The more you know about your watch, the easier it is to determine its value. Brand name, manufacturer and age are important aspects to know when selling a watch. If you know these features, you can research online to see what your watch is tentatively worth. Some watch brands depreciate quickly while others rise in value over the space of time. South Florida watch buyers may ask to see your original receipt or proof of purchase to verify the age of your antique or vintage watch. If you have this documentation, hold onto it as it could very well increase the value of your product.
Is Your Watch of High Quality?
If your research determines you have a valuable vintage watch tentatively worth money, what’s the next step to getting a good price? Most all buyers will look at the quality of your watch to determine how much they will pay. Quality is of utmost importance. The more expensive your watch (according to book value), the more buyers will scrutinize it for defects that will lower its value.
If your watch has been tucked away and unused for quite some time, it may need a good cleaning to upgrade its appearance. If it’s not working, consider having it inspected and possibly serviced by a professional watch repairman. You’ll have greater success in selling your valuable watch in Boca Raton if it’s in top condition and perfect working order. Prospective buyers always inspect valuable timepieces to make sure they’re getting their money’s worth from the product. They not only check the exterior, but they’ll probe the “inner workings” to ensure the watch has all its original parts. The condition of watch materials and its band are also taken into consideration when contemplating price. Luxury watches will go for higher prices if you have the original box and can produce the watch’s papers.
Is Your Watch Really Valuable?
Having your watch appraised by a professional appraiser can help verify the watch’s value. This will give you a heads up on what kind of price you can ask. Once you know the background of your product, you can always check up on the bluebook value for a second opinion.
When getting your watch appraised, opt for a third-party appraiser as opposed to having it evaluated by your prospective buyer. You can find a qualified appraiser by looking through the American Gem Society website. Make sure you choose an appraiser with experience in high quality watches to ensure you get an accurate rating. Jot down any historical data or other important details your appraiser provides about the watch for future reference.
Vintage vs. Just Plain Old
Is your watch just an ordinary “old” model or is it vintage or antique? How can you tell? In general, watches are considered vintage if they’ve reached 25 years of age, although vintage may also refer to the time period of the watch’s popularity. Watches that surpass 100 years can be considered antique. Sometimes collectors use these terms interchangeably, especially for classic watches. However, experts are more likely to categorize vintage and antique watches according to their age as described above.
Most vintage watches are made of metal such as silver or gold, confirmed with a sterling silver stamp or embossed gold grade. American vintage watches most frequently feature 14 K gold as opposed to European timepieces which contain 18 or 24 K gold. Collectors generally go for expensive mechanical brands with simple designs. Platinum is considered the most precious metal for watches dating after 1985. The next most valuable metal is white gold followed by pink and yellow gold. Steel vintage pieces such as a 1940’s steel chronograph from the WW2 era, are quite rare; as such, they will command a much higher price.
There are hundreds of companies that manufacture watches all over the world. Some top companies stopped producing years ago. If your timepiece happens to be made from a world-renown company that’s no longer producing, it will be worth much more. Some world famous watch brands to watch out for include Elgin, Rolex, Omega, Bulova and Hamilton.
Like other precious jewelry, there are many options for where to sell your watches in Boca Raton. Online buyers such as eBay and Craigslist often come to the fore when considering selling valuable or vintage pieces. However, don’t discount the practicality and profitability of selling your watch to a local jeweler who’s closer to home. Raymond Lee Jewelers in Boca Raton offers a viable alternative to selling watches online. Raymond Lee has vast experience in buying and selling fine watches of all makes and models. As such, we can provide you with accurate and trustworthy services.
Working with a competent and honest buyer can make all the difference in the world when it comes to selling watches and other fine jewelry in Boca Raton. It takes the pressure off of you as far as worrying about whether you are getting a good price. What you don’t know about your watch can hinder you from getting the best deal. In like manner, working with an unknown dealer can thwart your efforts of successful sales. As a Raymond Lee customer, you can count on prompt attention, honest evaluation and fair treatment, culminating in a more satisfying sales experience along with a just and fair price.