Is the 50th Anniversary Kermit a good buy?

[jps3b]

Originally Posted by fleabag

Couldn’t have said it any better myself


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[Joergen]

Originally Posted by Hodog16

This is hard for me to wrap my head around considering I bought a D serial in 2006 for $4,575.

I know the true 2003 is worth more but $20k? No thanks.

Those were the days!

[HappyFish]

Not only is the Kermit the coolest Rolex ever - true understatement and pure tradition! The fat four models are the hottest watches for any Rolex collector - the Y serial will for ever be in highest demand and already today 30K are easy paid for a NOS with stickers and papers! Get it - or i get it ;-)

[fleabag]

Originally Posted by HappyFish

Not only is the Kermit the coolest Rolex ever - true understatement and pure tradition! The fat four models are the hottest watches for any Rolex collector - the Y serial will for ever be in highest demand and already today 30K are easy paid for a NOS with stickers and papers! Get it - or i get it ;-)

Nice to see somebody else that knows what they are on about


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[sdh1980]

I guess it depends whether you want to keep it unworn with stickers? In that case, yes, the price is 'good'. If you're going to peel them off and wear it then you may as well buy used and save yourself some money

[DoctorA]

2053??!!
Sounds like you want to buy it as an investment!
There are a lot of mutual funds and stocks that will yield better! I never buy my watches as investment! I buy them because I like them and want to wear them!
See if that is worth $20k for you!

[jps3b]

Originally Posted by Hodog16

Actually I think original retail was $4,375 or something like that. That was back when Rolex was raising prices annually or so. Price went to $4,575 and then $4,750. I stopped tracking the prices after that but I guess it kept going incrementally up to the price of the ceramic submariner when it replaced the five digits.

I paid $5980.81 on 11/28/07 from Ben Bridge. It’s an “M” serial number. Funny how the range in cost was so different only 10 years ago.

[harvey]

So happy I got d serial in September 2005 from an AD for £2650. Those were the days...


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[el-heffe]

Originally Posted by ChiTownWatches

I found a full set, 2003 early Y serial Kermit in mint condition, some of the plastic is still on in. Everything checks out as a true anniversary piece. Wondering if it's a good "investment" buy to stash in a safe. Would run 20K. But what could it be worth in 2053? Could it be a Daytona type of auction piece? Thoughts?

It's an absolutely terrible purchase for that reason. Based on the rule of 72, If you invest at a 7 percent return, you will double your money every 10.2 years. Now, a 7% rate of return is absolutely terrible, but lets stick with it. That means that your money would STILL double three times by that date. So, you'd have a guaranteed $60k vs. whatever the Kermit might do.

A more realistic estimate is to double your money every 7.5-8 years. (About 10% return), in that case, you'd quadruple your money. $60k profit guaranteed. You'd be a fool to turn that down vs. speculate on the Kermit.

[HappyFish]

A fool is somebody who believes that anything else than the death is guaranteed in life!

[Duey]

Originally Posted by el-heffe

It's an absolutely terrible purchase for that reason. Based on the rule of 72, If you invest at a 7 percent return, you will double your money every 10.2 years. Now, a 7% rate of return is absolutely terrible, but lets stick with it. That means that your money would STILL double three times by that date. So, you'd have a guaranteed $60k vs. whatever the Kermit might do.

A more realistic estimate is to double your money every 7.5-8 years. (About 10% return), in that case, you'd quadruple your money. $60k profit guaranteed. You'd be a fool to turn that down vs. speculate on the Kermit.

You're talking Bernie Madoff numbers here - not even close to reality

[koryong]

Originally Posted by ChiTownWatches

I found a full set, 2003 early Y serial Kermit in mint condition, some of the plastic is still on in. Everything checks out as a true anniversary piece .......... Thoughts?

Something not quite right here. I believe Kermits started only at the end of the Y serial #s sometime late 2003.

[el-heffe]

Originally Posted by Duey

You're talking Bernie Madoff numbers here - not even close to reality

I've historically got 11% per year, so it's been very real for me. I'm diversified, so it's not any crazy day trading or speculation. Most people say you can get 8-9% per year pretty easily.

[Fleetlord]

This is truly an unspeakable topic.

It might go over better if you replaced "investment" with "speculation".

But, to be honest, it would be better to post topics regarding:

1) Your Rolex photographed with your favorite kite.

2) Your Rolex photographed with bespoke umbrellas

3) Is it safe to wear your Rolex when using a stapler?

4) The Rolex AD wouldn't pour the diet coke into a chilled glass for me....so they are mean and nasty

In other words stay away from "investment" posts at all costs. There are many professional and seasoned private investors on this forum and this topic always chaps their hide..

[Bazza.]

I just checked my Chrono24 watch list and I'm up coming on 230% on my Kermit
from what i get it for and I wear it doesn't spend it life in a safe

[exador]

There’s currently 200 Kermits available on Chrono24. The $30k ones aren’t going anywhere.

[Loevhagen]

Get it while you still can. That's a healthy piece of advice. :)

[fleabag]

Originally Posted by Loevhagen

Get it while you still can. That's a healthy piece of advice. :)

Nice


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[fleabag]

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[Loevhagen]

Or - OP could buy the ceramic younger brother instead. :)

[3sheets86]

Originally Posted by el-heffe

I've historically got 11% per year, so it's been very real for me. I'm diversified, so it's not any crazy day trading or speculation. Most people say you can get 8-9% per year pretty easily.

Doing what?

[CPRWATCH]

Originally Posted by CPRWATCH

If you think at 20k it's good deal , then please buy it . And as to future investment value ,it's a bit like buying a lottery ticket & then asking a group of strangers if they think you have the winning numbers .

Can I add , I'm not saying it's not worth the money , it's more is it worth the value to you . If you will get pleasure out of owning it then buy it , whether you wear it or not is a very personal experience . It will be your watch & do with it as you will . I bought mine for my 50th & could not be happier with it & wear it often as I associate with that milestone in my life . Good luck with whatever choice you make

[jps3b]

https://www.sdwatches.com/product/ro...ary-green-nos/

[springer]

Originally Posted by ChiTownWatches

I found a full set, 2003 early Y serial Kermit in mint condition, some of the plastic is still on in. Everything checks out as a true anniversary piece. Wondering if it's a good "investment" buy to stash in a safe. Would run 20K. But what could it be worth in 2053? Could it be a Daytona type of auction piece? Thoughts?

If the watch is as you described, yes it is a good buy. I'd buy it!

[springer]

Originally Posted by The Argonaut

Buying a watch as an investment is a bad idea for 99% of watches. Period. A few will appreciate. Most wont. Even those that appear to be appreciating now may depreciate in the future. Buy it. Wear it. Enjoy it.


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Very true, but the LV is a 1 percenter!!!

[Fleetlord]

Originally Posted by jps3b

https://www.sdwatches.com/product/ro...ary-green-nos/

Bargain

[fleabag]

Originally Posted by Fleetlord

Bargain

Yes an absolute bargain for a £2650 watch from 2004 ,those that have no idea about the potential of these watches keep watching this sought after peice over the next 5/10yrs


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[mattskybeat]

I sold mine a couple of years ago, I regretted it every day!. I managed to find a 2008 model (my daughters birth year) in great condition for a really good price, granted there was no box and papers but the seller is very reputable and the watch checked out. I will never let this one go so I have no need for an expired warranty card etc. Buy it to love and wear the hell out of it or step aside and let someone buy it who will. Invest your money in bricks and mortar




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[Basel_World]

Y series with stickers for 20k, that is an excellent price. I would buy it straightaway. F series go nowadays already for that price.

[HappyFish]

Originally Posted by Fleetlord

This is truly an unspeakable topic.

It might go over better if you replaced "investment" with "speculation".

But, to be honest, it would be better to post topics regarding:

1) Your Rolex photographed with your favorite kite.

2) Your Rolex photographed with bespoke umbrellas

3) Is it safe to wear your Rolex when using a stapler?

4) The Rolex AD wouldn't pour the diet coke into a chilled glass for me....so they are mean and nasty

In other words stay away from "investment" posts at all costs. There are many professional and seasoned private investors on this forum and this topic always chaps their hide..

Great idea - time for Snowkiting here in switzerland ;-)