Military Gear & Army Surplus Gear Blog

Appraisal: 1960 GMT Master Model Rolex with Box & Papers

Appraisal: 1960 GMT Master Model Rolex with Box & Papers

GUEST: I brought my Rolex GMT Master that
I bought 55 years ago. APPRAISER: Where did you get it? GUEST: I bought it in Germany, in Zweibrücken,
at a PX when I was in the army over there. I bought the watch just before I came back
to stateside. My sergeant recommended that before I came back to the States, buy a Rolex
watch. APPRAISER: Why did he do that, do you know? GUEST: Well, he liked… he thought it was
the best watch ever made. And he said, “Make sure you get one before you go home,” and
this is the one I liked. APPRAISER: And had you heard of Rolex before
that? GUEST: Not before that, no. I’d never heard
or seen one before. I just took his word that it was a great watch, and it is. APPRAISER: And do you still wear it? GUEST: I don’t wear it very often now. It’s
kind of a keepsake now. I wear my cheap watch now, and this is my dress watch. APPRAISER: Well, I was very excited when you
brought this up to the table. As you know, it’s a Rolex, it’s a GMT Master model. But
it’s got some very special things about it. It is the first model GMT Master that was
ever… Rolex ever made. GUEST: I didn’t know that. APPRAISER: It’s a model 6542, which we have
on the reference number on the paper here. On the box itself, on the edge of the box
right here, we have the reference number of the watch. It’s incredible that you’ve saved
everything. Is there a reason why you saved all this paperwork? We usually don’t see this. GUEST: I don’t know. It just… I’m just lucky,
I guess. APPRAISER: Well, this watch is totally complete.
You have the watch. I know you’ve replaced the original bracelet at some point. This
is a replacement bracelet. But we do have the original bracelet here in the box, which
is also dated that it was manufactured in the first quarter of 1960. And according to
the papers of the watch, you purchased it in April of 1960. GUEST: Correct. APPRAISER: You have the original sales receipt
right here. I notice you bought two watches. GUEST: Yes. APPRAISER: We saw the other one. The other
one wasn’t as special as this one. What did you pay for this watch? GUEST: This watch I paid the $120. The other
watch, which had some gold to the bracelet, I bought for my dad, and I paid $104 for that. APPRAISER: Was that a lot of money back in
1960? GUEST: It was a lot of money. APPRAISER: Yeah? GUEST: My salary in the army was just under
$100 a month. APPRAISER: Okay, so that was over a month’s
salary. GUEST: Yes. APPRAISER: Do you know what this paper is
right over here? GUEST: No. APPRAISER: Rolexes were sent to the observatory
in Geneva to be certified as chronometers, and that is the original chronometer bulletin
that if you look on the left-hand side of it, you’ll see the numbers, and they actually
timed the watch to tell what timekeeping it kept, plus or minus how many seconds it lost.
We also have the original brochure on the watch. Everything’s complete. You have the
original hang tags. I’m very pleased to tell you that this watch today at auction is a
very, very collectible watch. Just the watch on its own merit would be worth today between
$35,000 and $45,000. But this watch is worth much more. Because you saved the box and all
the paperwork for it, easily today it’s $65,000 to $75,000 in the market. GUEST: Wow. APPRAISER: Probably more than a month’s pay
in the military right now. GUEST: Wow. I had no idea. I’m speechless.
If you would have told me $1,500, I would have been happy.

Reader Comments

  1. Rolex create a " Bubble" . They buy watches off ebay etc just to keep the impression that they will all be valuable years later .

  2. So, in the 60s, people can buy a brand new gmt for just over a month salary at a store just like that. Nowadays, people have to pay about 4 months salary and wait for a year to get a new gmt.

  3. Imagine he would have bought two of those and kept one completely deadstock in the box hahaha
    His reaction on the value was so amazing

  4. I remember awhile ago someone bought a vase from a garage sale for something like $2 and used it for whatever. She brought it in and it was valued at something like 15-30k. Pretty good find!

  5. Wow! His reaction was priceless. I love when you see a modest man like that lose his sense of composure for just a moment. I hope he was able to use the watch to pay for his retirement!

  6. That is the most genuine shock that I have seen in a long, long time. That man's breath was taken away. Good for him.

  7. Appraiser:$75G
    Rick(from PAWNSTAR):All i can do is $70 , its gonna sit there for a long time and im taking a risk. 😁👌🏼

  8. This show is exciting to watch but when the appraiser gives the estimated value of the item and the person gets excited it's not like they just won the money. It still needs to be sold and won't necessarily net what the appraiser states they believe it could. It would be interesting to see what some of the higher value items on this show ended up actually selling for.

  9. I'm kind of torn about the price…someone who'd have worn that watch for another 50 years in pride not interested in making money with it would've deserved to get it for 1500…on the other hand this money is probably a life changer for the guy, but chances are this watch is never gonna be worn again…

  10. That's like 1/5th the price of a new Richard Mille watch…… I was expecting to hear like $200k plus….lol…watched to many ProducerMichael "watch collection" vids…..

  11. I love this video, seems like a nice guy and im glad he will gain the reward from keeping this in great condition.

  12. Sorry NO WATCH is worth that Amount to Tell Time….FFS a Timex does the EXACT same Job a $100,000.00….Does Watch Does…..TELLS TIME

  13. Shouldn't do things like that to us old guys…..for a minute there he looked like he might have need for a Rolex defibrillator ! He was stunned…..nice investment.

  14. The best example of a salty SGT taking care of one of his Soldiers EVER! “Buy a Rolex! You’ll never regret it”. -SGT

  15. Rich Harrison: let me call my guy whos expert of ROLEX WATCHES.
    After a while,
    Rick: i can do $1.00, i am taking all tge risk here. I need to make a profit. I can do $1.50 the best i can do not a peny more. Wahahahahaha….

  16. I can appreciate the fact due to having all original paperwork makes it more valuable. However, the condition is pretty poor honestly. Surprised it is worth quite so much.

  17. Man….. Who else thought gramps was going to fold over from a heart ♥ attack when they revealed the Rolex's total value..??

  18. In all honesty, Rolex watches are only worth what someone wants to pay for them. I have a GMT I've had for 30 years. Will not keep time, needs to be cleaned every few years at 500 bucks a crack and is basically a lousy watch.

  19. I brought a watch for rs.1000 5 years ago ..still have it …well someone has it …i throw it away when i had a broken up with a girl

  20. I’m surprised this watch is still working like brand new! I’m even more surprised he kept all of the original documents and package that go with it.

  21. 2:07 Wow, he bought this Rolex for $120.35 in 1960! That was like spending $5,000 or more in today’s dollars!

  22. The appraiser took my breath away when he said it’s easily worth $65,000 to $75,000 today! Wow, with the right bidder he could sell it for just around $100,000!! 💰💰💰💰

    Otherwise, he should specify it in his will that his family gets to keep it.

  23. He should laminate all of these original Rolex documents that go with the watch so that they will last forever.

  24. God bless this man! I hope he sells the watch and lives out his dreams and finds peace at the end of his journey.

  25. YOU GO OLD TIMER ⏱… CASH 💵 OUT BUDDY. Take it to auction reserve of $100K. 02-05 I served ARMY 🇺🇸. $600/mo. Was my salary. I qualified for food stamps.

  26. I wonder what my Invicta Pro Diver will fetch in 2060. Maybe $1000 max but more likely $10. But who cares I assume I'd be dead then anyway.

  27. GMT Masters going for 10K today and because Rolex ADs (mainly because Rolex purposely making supply short) is being complete douches on only selling these time pieces to a selected few, getting one of these pre own cost between 9k to nearly 16k…this guy is very lucky.

  28. So pleased for this guy and was lovely to see his genuine reaction.
    My other thought tho is how Rolex is completely overpriced now compared to back then and how the luxury high end watch market is just ludicrous.

  29. Pays off when you do something for your parents… this great man bought his father a much better Rolex model than the one he bought for himself.
    He deserves it! Great man! Love!

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