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Trading my Gen PO for a Gen Submariner 16800.


AsiadeCuba

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So i was checking this beauty out one day...

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my dilemma is that i want to trade my gen PO for it. i have three gen omegas and a gen rolex gmt iic. i was naive to think that it could be used a daily beater. well now i have my sites on a "vintage" rollie. i have a this mbw 5512 with gen t19, relumed, gen spring bars, gen crown/tube. the usual suspects. but it was cutting it out for me. the only reason i got it was, i'm a bit of a steve mcqueen fan. And i saw him wearing one in a photo and started my vintage rage.

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He's asking $4175 obro or $3675 for the head only. He said it's running 15 seconds slow a day, which means it needs a service right? i should factor this in with the cost. How much is my PO 42mm with boxes/papers on a ss bracelet. i feel his price is a bit much. Should i ask him to lower his price? is a 16800 a good transition model?

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Well, the case profile shows some nicks and dings, some of which look a bit deep. It would take a bit of polishing to take those down; I would advise against, as it would decrease value and a poorly executed polish job is worse than leaving the wear and tear in place. The case as-is looks like it's been polished once before (albeit lightly)...

Otherwise, the lug tops, bezel, and crystal all look good.

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:)

Well... I think a service will run $200 - $400 depending on who you get to service; price may go up if replacement parts are needed (though if it's just running a consistent 15 secs slow, I bet it just needs an overhaul, fresh oils and regulation).

I have noticed some of these matte dial 16800s starting to creep up in price, but the usual median seems to be (realistically) right around $4800 or so in my opinion. I see several listed for $6k - $8k, but the fact that they've been on the market for as long as they have is evidence to me that they're priced too high.

I think the better piece for collecting purposes would be the 16660 matte, but those are definitely at a higher buy in.

Speaking on this piece specifically... That's a tough call. The dial is quite nice. Definitely good shape and usually the first thing to take into account when considering a vintage Rolex. However, the case is also an important aspect; given the condition of this one, it's a bit rough.

Personally, I'd say wait and be patient... 16800s are still out there, and usually for not much more than the one being offered in your post. It's always a tough call when it comes to this kind of stuff, because you might be waiting a long time before you find the piece you're really after in terms of condition, price, etc. Or, it could be tomorrow. But if there's any doubt... I'd say pass.

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A year or two ago you could pick up matte dial 16800's for less than $4k. Maybe not anymore. Here's one in a pawnshop in Washington which has a better case

http://www.ebay.com/itm/Vintage-1981-Rolex-SS-Gents-Submariner-16800-/280730821997?pt=Wristwatches&hash=item415cdc656d

Can't tell about the dial w/ a description of 'scuffs', but it looks ok from the pics- which aren't great.

But you don't know where the bidding will end up, or it might not go anywhere.

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I love 16800s, actually I'm looking at matte dialed versions at the moment myself. But I agree with Ubi, this case is in really rough condition, I wouldn't go for that one. Here matte 16800 with B/P are somewhere around 4.500€+.

Does anyone know why on 16800s the tritium in the pearl tends to age far more than the dial plots?

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