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. 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

  2. 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.

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

  4. 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.

  5. 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….

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