How To Value Your Watch At Home

If you own an item either by purchase or inheritance, it might be a wise move to know the current value or how much the item is worth in the market, as you can never tell when you may need to cash in on it.

Wrist or pocket watches can be worth more than you imagine, especially if they are made back in the day when watchmakers poured solid gold on watch cases. If you own a timepiece that may be worth a great deal, here’s a quick guide on how to value your watch at home.

Model

Whether you are looking to sell for cash or insurance purposes, one of the first steps to determining a watch’s true value is knowing the model.

This first tip is not just knowing the name, like Cartier or Rolex. You want to know the model number of the watch. This can be very easy if you have the box and papers that came with it from the makers. If the box and papers are still intact, buyers will likely value your watch more, especially if it’s a classic watch. 

Material

The worth of a wristwatch largely depends on what material it is made of. If it’s cheap, the material will be cheap. Gold or platinum material always attracts a higher value. Also, a watch adorned with gemstones or diamonds in its inner workings can be worth quite a fortune, even if the outer material or cover isn’t gold or something valuable.

Condition

The value of a watch also depends on its present condition, whether it still tells time, doesn’t have dents or plenty of scratches, and has not been refurbished to make it more valuable. Dealers in antique or vintage items expect normal wear and tear, so you should be cautious about services to make it look more presentable. You may be devaluing it.

Age

While wristwatches are made differently, some older classic timepieces are often more valuable as they are usually made with solid metals, compared to some modern watches made with coating. If you bought a new watch or happen to have records like receipts when you received it, you can easily tell the age. 

Again, you may need the service of expert collectors to get a near-accurate age if you have no purchase record. An old vintage watch can still have high value even if it no longer works. So, you want to be careful of fixing or service work that may involve replacing the parts or polishing, as this move can significantly devalue your watch.

We hope this article came in handy. No doubt, when you purchased your watch, it was likely a huge decision you must not take lightly. Especially if it’s a luxury watch, you want to ensure you get your money’s worth when selling it. If you’re still unsure how to value your watch, it’s always best to speak with a professional who can guide you on the price points. This way, you get to understand how different features impact a watch’s value.