Can anyone help with an appraisal value for a 1961 Oyster Date?

[ayecarumba]

Hi all,

I gave a little TLC to my friend's heirloom Oyster Date recently. I told him this forum hosts many Ph.Ds in "Rolexology" and that perhaps someone could estimate it's worth since he asked me and I had no idea. It has been serviced and keeps good time.

It was procured by his grandfather (original owner) circa 1961. Here are some specs:
Model: 1501 Oyster Perpetual Date
Caliber: 1565 automatic
Bracelet: Oyster
Serial #: 6XXXXX (which corresponds to circa 1961 date of mfr)

As you can see from the pics it has been worn and has scratches on the case/crystal but it's overall condition is good.


I told him it's value as a family heirloom is inestimable. But after spelunking around on the web if I had to guesstimate a dollar value I'd say about $1500-2000? Barring any unforeseen defect/feature that would substantially decrease/increase it's value.

Any information or knowledgeable estimates would be appreciated.

Thanks!

--Paul