Rolex 1016 a good investment

[stilty]

Just browsing around, looking on the 'bay. I came across this 1016 that is being offered. Item 290184004174

What caught my attention was the price tag still on the box. $750.00.

So I googled an inflation calculator to check on the value of the dollar in 1967 vs today. (yeah, it is a slow day at the office! ) The buying power of $1 dollar in 1967 equalled the buying power of $6.03 today. So today, that watch would cost new $4522.50. Considering the 1016 is selling $6K+, there is some serious appreciation in the 1016 over the years.

[maxmilian]

You have too much time to kill my friend

[Desuetude]

Actually, if you think of what investment yield is over the years, it's not terribly great. Not trying to be a killjoy, just saying.

[stilty]

  Desuetude said:

Actually, if you think of what investment yield is over the years, it's not terribly great. Not trying to be a killjoy, just saying.

True enough, I guess investment wasn't the right word. Appreciation would be a better term! But if you did want to do the math. Even if you were to sell it on the low end at $6k. That would still be a $1500 profit on the inflated dollar value of $4500.

Or you could bring that $6K down to 1967 value.

6000 x .17 = $1020.00

$1020-$750=$270 profit

270/750 =0.36 that isn't too bad of a return.

yes, too much time to kill.

[Jetsons]

stilty, at $750 it would be an absolute steal but that was a bit of cash back then.

I usually see the 1016 offered for around $4.5K without boxes and papers. I'm not sure why this particular model is so coveted by collectors. A 100% original 5513 or 1680 would be a better snag for an equivalent price, investment wise.

It will be interesting to see what the final price on this one ends up being.

Cheers,

J

[Dutchy]

It's now nearly at $3.4k!