How Much Is Your Watch Worth?

Do you have a watch you inherited from a relative? Or perhaps purchased a used one from a thrift store? If you’re looking to find out how much it is worth, there are a number of factors that go into evaluating it. Here’s an overview of what makes a watch valuable.

Condition of the watch.

The condition of the watch is extremely important in appraising its value. A watch will be worth much more if all of the parts and movement are original. There should be no changes to the face of the watch. Any scratches, dents, chips, or rust will obviously lower its value.

Inside of the watch.

What a watch looks like on the outside is only part of the evaluation. The watch appraiser will look inside to see the internal movement of the watch and to make sure it’s working or can work, and if the mechanism parts are original. Also important is the number of jewels used in the mechanism. Generally the greater the amount of jewels, the better the movement.

The manufacturer and brand.

If a watch is by a famous or rare name brand, or from a well-known manufacturer, it’ll usually command a higher price. Within the watch should also be serial or model numbers to confirm its authenticity.

Its design and composition.

Craftsmanship and design matters. Intricate designs, enameled or hand painted designs, and inlays of precious stones will make your watch extremely valuable. An antique or vintage watch in solid gold or platinum, especially with an original band in good condition, will greatly increase the worth of the watch. If the watch is truly gold, it will be stamped 14k, 18k or 750 (the European designation, meaning 75 percent gold).

Gizmos and gadgets.

Watches that have unusual displays such as moon phases, timers, stop mechanisms, and/or show month date and day are of interest to collectors and will raise the value of the watch.

The watch’s age.

Although the quality of the watch’s condition is usually more important, the age or historical value of the watch is also a consideration.

Consumer demand.

Finally, a less scientific factor influencing a watch’s value is whether or not it is in demand. If a watch is in demand, it will fetch a higher price.

Before you bring it in.

If you’re interested in selling or taking a loan out on your old watch, examine it first and get an idea of how much it may be worth based on the factors above. Write down any logo, markings, serial or model numbers as well as metal stamps indicated on the watch.

Then, do some research online to find a reputable jeweler with a specialty in fine watches in your area to get an accurate appraisal. It also helps to get more than one estimate before making a decision. An appraisal by a professional jeweler who specializes in watches will provide you with the most accurate estimate of what your watch is worth.