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Gen5accordv6 · 10 August 2010, 10:26 AM

Hi All,

Right now, I have this opportunity to purchase a pre-owned Sub 16610 with serial starting with D. I'm totally new to Rolex, and this will be my first Rolex watch. The condition of the watch has been appraised with a G8 (8 out of 10 grade). The price is about $4200 CDN + 500 taxes = $4700 CDN. I would like to find out if i'm paying too much for this since some are selling as low as$3000ish.

Also, I have read on this forum that the 16610 is now discontinued. I wonder if it will hold its value in a few years as people will be trading it for the newer model. I'm worrying that there are so many older Subs out there and therefore the supply will exceed demand.

What do you think?
I'm new to this forum and this is my very first post :-)

Esexx · 10 August 2010, 10:47 AM

Hello and welcome to TRF.

The 16610 is a iconic watch and I am sure you will enjoy it.

As for prices, I have no clue. Please post some pictures when you finally get it on your wrist.

scl6118 · 10 August 2010, 10:53 AM

I love the watch and it's worth getting! How much is that in US dollars?

Gen5accordv6 · 10 August 2010, 12:13 PM

Quote:

Originally Posted by scl6118

I love the watch and it's worth getting! How much is that in US dollars?

Thanks everyone. I'm very excited.

It's about 4500 USD.

cmedina · 10 August 2010, 12:25 PM

welcome fellow canadian!

IMHO $4500 is a tad much for a D serial. i think a fairer price is more around $4000. as far as supply/demand, i wouldn't worry about it. rolex holds its value because they only make a certain # of pieces. although you may not get exactly what you pay for, the value will still stay up there.

Rolesor · 10 August 2010, 10:55 AM

The sub's a classic - you can't go wrong! Welcome to the forum!

rfknauss · 10 August 2010, 10:58 AM

Can't go wrong buying a Sub!
And welcome to TRF!

jekuo · 10 August 2010, 12:29 PM

Have you taken a look at the for sale section here on TRF? You can find some great deals, especially on a clean late model Sub. At least you can compare prices.

TopNotchChach · 10 August 2010, 12:30 PM

Congrats!

RolexguyinSF · 10 August 2010, 12:32 PM

Quote:

Originally Posted by Gen5accordv6

Hi All,

Right now, I have this opportunity to purchase a pre-owned Sub 16610 with serial starting with D. I'm totally new to Rolex, and this will be my first Rolex watch. The condition of the watch has been appraised with a G8 (8 out of 10 grade). The price is about $4200 CDN + 500 taxes = $4700 CDN. I would like to find out if i'm paying too much for this since some are selling as low as$3000ish.

Also, I have read on this forum that the 16610 is now discontinued. I wonder if it will hold its value in a few years as people will be trading it for the newer model. I'm worrying that there are so many older Subs out there and therefore the supply will exceed demand.

What do you think?
I'm new to this forum and this is my very first post :-)

That doesn't seem too out of line for a D series. If it's really clean, and no major dings, etc., comes with box, tags, then go for it.

As far as value down the road? There are MILLIONS of subs out there, so maybe in 20+ years when it's looked at as "vintage" it will fetch a premium. Until then it will hold it's value well, and not a bad purchase. Enjoy it.

sleddog · 10 August 2010, 01:14 PM

Welcome to TRF fellow Canadian!!!

I think most of your questions have been answered,so I'd say jump on it....
If you can,offer cash and try for a little off the price!!

Good luck..

imono · 10 August 2010, 01:25 PM

"appraised with a G8 (8 out of 10)"
I'd wait for a better condition Sub Date.
They are plentiful available if you can just wait a little longer.
I know the feeling of jumping into the first one you see.
Go to the FS section here and soon you will see it for sale.
Good Luck and after you buy your first, post pictures here.

Gen5accordv6 · 10 August 2010, 03:24 PM

Quote:

Originally Posted by imono

"appraised with a G8 (8 out of 10)"
I'd wait for a better condition Sub Date.
They are plentiful available if you can just wait a little longer.
I know the feeling of jumping into the first one you see.
Go to the FS section here and soon you will see it for sale.
Good Luck and after you buy your first, post pictures here.

As what I can see from my reading glasses, the surface of the watch is in perfect condition. There is still a green sticker with 16610 on it at the back; however, the back of the casing is quite dirty (i guess from the human sweat). As for the band, there is a noticable dent. Just to give a bit more info, i'm getting this watch from a government auction. The watch was a seized item, so there are no box and paper. However, it was appraised by a third party so there will be some document from it as well as from the transaction.

Warnsboy · 11 August 2010, 01:07 PM

Quote:

Originally Posted by Gen5accordv6

As what I can see from my reading glasses, the surface of the watch is in perfect condition. There is still a green sticker with 16610 on it at the back; however, the back of the casing is quite dirty (i guess from the human sweat). As for the band, there is a noticable dent. Just to give a bit more info, i'm getting this watch from a government auction. The watch was a seized item, so there are no box and paper. However, it was appraised by a third party so there will be some document from it as well as from the transaction.

For that price I would look for something in better condition with box and papers. JMHO. Good Luck!

Andad · 10 August 2010, 04:43 PM

Welcome to the Forum.

I'd pass on that one.

As has been said there are plenty out there.

brettpaul · 10 August 2010, 06:26 PM

You should also be sure to have the original box, papers, and any extra links that came with the watch.....

Reading the replies, you should also wait (although hard) to find one in a bit better condition - you should check the sales forum here for sure!

Johny · 11 August 2010, 02:07 AM

Quote:

Originally Posted by brettpaul

You should also be sure to have the original box, papers, and any extra links that came with the watch.....

Reading the replies, you should also wait (although hard) to find one in a bit better condition - you should check the sales forum here for sure!

i agree with this. wait a little and get it all.

Norway · 10 August 2010, 08:57 PM

x 2

Gen5accordv6 · 11 August 2010, 12:45 PM

Thanks for all the replies. I will pass on this one than.

jevans41 · 11 August 2010, 01:14 PM

Welcome! The Sub iconic, probably the best first Rolex that one can buy!

DOUBLE 0 SE7EN · 11 August 2010, 01:19 PM

Congrats...pictures please..

10 August 2010, 10:26 AM	#1
Gen5accordv6 "TRF" Member Join Date: Aug 2010 Location: Canada Watch: 16610 Posts: 29	Soon to be a owner of a pre-owned sub 16610 Hi All, Right now, I have this opportunity to purchase a pre-owned Sub 16610 with serial starting with D. I'm totally new to Rolex, and this will be my first Rolex watch. The condition of the watch has been appraised with a G8 (8 out of 10 grade). The price is about $4200 CDN + 500 taxes = $4700 CDN. I would like to find out if i'm paying too much for this since some are selling as low as$3000ish. Also, I have read on this forum that the 16610 is now discontinued. I wonder if it will hold its value in a few years as people will be trading it for the newer model. I'm worrying that there are so many older Subs out there and therefore the supply will exceed demand. What do you think? I'm new to this forum and this is my very first post :-)

10 August 2010, 10:47 AM	#2
Esexx "TRF" Member Join Date: Feb 2010 Real Name: Dean Location: Redondo Beach, CA Watch: ing TRF All Day Posts: 2,105	Hello and welcome to TRF. The 16610 is a iconic watch and I am sure you will enjoy it. As for prices, I have no clue. Please post some pictures when you finally get it on your wrist. __________________ Member Number 34171 "Remember: No matter where you go... there you are." Buckroo Banzai _________________________________________

10 August 2010, 10:53 AM	#3
scl6118 "TRF" Member Join Date: Oct 2009 Real Name: Shawn Location: United States Watch: SS GMT IIC Posts: 1,624	I love the watch and it's worth getting! How much is that in US dollars? __________________ Current: SS GMT IIC Former: Panerai 114 Former: Breitling Hercules :

10 August 2010, 10:55 AM	#6
Rolesor "TRF" Member Join Date: May 2009 Real Name: Brandon Location: Toronto, ON Watch: 116234 Posts: 4,150	The sub's a classic - you can't go wrong! Welcome to the forum! __________________ 116234 - Blue Concentric Dial - Fluted Bezel - Oyster Bracelet Tudor Black Bay 54 - Rubber Strap

10 August 2010, 10:58 AM	#7
rfknauss 2024 SubLV41 Pledge Member Join Date: Nov 2009 Real Name: Richard Location: Macungie, PA Watch: 5513 Sub, LV Sub Posts: 14,497	Can't go wrong buying a Sub! And welcome to TRF! __________________ *"Few things in life give man as great a pleasure as wearing a Rolex!"* TRF's "AFTER DARK" Bar & NightClub Patron

10 August 2010, 12:25 PM	#5
cmedina Member Join Date: Jul 2010 Location: Vancouver Posts: 22	welcome fellow canadian! IMHO $4500 is a tad much for a D serial. i think a fairer price is more around $4000. as far as supply/demand, i wouldn't worry about it. rolex holds its value because they only make a certain # of pieces. although you may not get exactly what you pay for, the value will still stay up there.

10 August 2010, 12:29 PM	#8
jekuo Member Join Date: Mar 2010 Real Name: James Location: SoCal Watch: 16710B-M Series Posts: 288	Have you taken a look at the for sale section here on TRF? You can find some great deals, especially on a clean late model Sub. At least you can compare prices.

10 August 2010, 12:30 PM	#9
TopNotchChach "TRF" Member Join Date: Jul 2010 Location: Near the Ocean! Watch: 116610 Posts: 1,306	Congrats!

10 August 2010, 01:14 PM	#11
sleddog TRF Moderator & 2024 SubLV41 Patron Join Date: Jul 2007 Real Name: Rob Location: Nearby. Posts: 24,931	Welcome to TRF fellow Canadian!!! I think most of your questions have been answered,so I'd say jump on it.... If you can,offer cash and try for a little off the price!! Good luck.. __________________ He who wears a Rolex is always on time, even when late!! TRF's "After Dark" Bar & Nightclub Patron-Founding Member..

10 August 2010, 01:25 PM	#12
imono "TRF" Member Join Date: Jan 2010 Location: USA Posts: 3,241	"appraised with a G8 (8 out of 10)" I'd wait for a better condition Sub Date. They are plentiful available if you can just wait a little longer. I know the feeling of jumping into the first one you see. Go to the FS section here and soon you will see it for sale. Good Luck and after you buy your first, post pictures here.

10 August 2010, 04:43 PM	#15
Andad 2024 SubLV41 Pledge Member Join Date: Nov 2006 Real Name: Eddie Location: Australia Watch: A few. Posts: 37,534	Welcome to the Forum. I'd pass on that one. As has been said there are plenty out there. __________________ E

10 August 2010, 06:26 PM	#16
brettpaul "TRF" Member Join Date: Sep 2008 Real Name: Brett Location: Bahrain, Dubai Watch: Rolex and AP Posts: 5,538	You should also be sure to have the original box, papers, and any extra links that came with the watch..... Reading the replies, you should also wait (although hard) to find one in a bit better condition - you should check the sales forum here for sure!

10 August 2010, 08:57 PM	#18
Norway "TRF" Member Join Date: Apr 2010 Real Name: Mads Location: Singapore Watch: out! Posts: 362	x 2 __________________ SS Daytona white, "G" Sub LV "V" Sub 116613LB (R) SeaDweller 4000 AP ROO Navy (I) AP ROO Black/Red (I) Instagram: mad_eclectic

11 August 2010, 12:45 PM	#19
Gen5accordv6 "TRF" Member Join Date: Aug 2010 Location: Canada Watch: 16610 Posts: 29	Thanks for all the replies. I will pass on this one than.

11 August 2010, 01:14 PM	#20
jevans41 "TRF" Member Join Date: Jul 2009 Location: Atlanta, Ga Watch: Rollie Posts: 136	Welcome! The Sub iconic, probably the best first Rolex that one can buy! __________________ Rolex Submariner 16610 TT Rolex Yachtmaster 16622 SS/PL Rolex Explorer II 16570 SS Polar

11 August 2010, 01:19 PM	#21
DOUBLE 0 SE7EN "TRF" Member Join Date: Jan 2010 Real Name: KAAN Location: ISTANBUL Watch: Explorer-PAM233 Posts: 1,648	Congrats...pictures please..

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