ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

HideMyWalletPlease · 5 September 2020, 09:00 AM

I’m a long time lurker that just registered.

I just traded my 2018 yellow gold submariner for a never worn Hulk with the new style warranty card. My Patek Philippe dealer happened to get it on trade in from a good customer when one of his Pateks came in. In exchange for my gold sub, I received the hulk and a little cash. I won’t say exact amounts but we all know what these watches are trading for right now and a never worn hulk is worth almost as much as a used gold sub.

There are several reasons I went ahead with this deal.

-For one, I’m not really feeling the new Cermit.

-The gold submariner was my least favorite watch because it felt like a big heavy unbalanced brick on my wrist.

-I felt it rounded out my three watch collection a little bit better. My other two watches are 18 karat yellow gold Daytona and I also have a 1977 Patek Nautilus jumbo two- tone, freshly Patek serviced with recent certificate of archive.

-I felt like my gold sub was gonna be trading at a slightly lower number soon once the new style gold sub was in the showcase. It seems like people wait their whole life for a stainless watch but every time somebody buys a gold watch they immediately put a replacement gold watch inside the showcase.

Anyway, it felt really odd trading a gold watch for a stainless watch on what amounted to almost an even trade.

Easy E · 5 September 2020, 09:11 AM

Ultimately, if you are good with it that’s all that matters. Seems like not the best bargain, but that is your call alone. Enjoy your LV, it’s a cool piece.

JSolution · 5 September 2020, 09:17 AM

Would of waited for prices to settle, maybe they will maybe they won’t. I have to say from my personal view it’s a crazy trade. But I can’t see a hulk sustaining the value it’s currently being listed at. But it’s a watch that’s now discontinued and you have your hands on one so if it feels like the right watch for you then you’re happy :)

peterpl · 5 September 2020, 09:23 AM

You traded a 116618LB for a SS Sub? LMFAO

God help us.

JSolution · 5 September 2020, 09:27 AM

Quote:

Originally Posted by peterpl

You traded a 116618LB for a SS Sub? LMFAO

God help us.

Would be nice to find people who want to make these trades with wouldn’t it. My 114060 has to be worth at least a TT sky dweller?? lol.

HideMyWalletPlease · 5 September 2020, 09:29 AM

Quote:

Originally Posted by peterpl

You traded a 116618LB for a SS Sub? LMFAO

God help us.

It was an LN not LB but... yep

David5807 · 5 September 2020, 12:26 PM

Quote:

Originally Posted by peterpl

You traded a 116618LB for a SS Sub? LMFAO

God help us.

Quote:

Originally Posted by HideMyWalletPlease

It was an LN not LB but... yep

A little less painful to read knowing that, but still...

HideMyWalletPlease · 5 September 2020, 09:41 AM

Quote:

Originally Posted by peterpl

I think you just ripped yourself a new one with that trade. I wish you had thrown me that offer I would have done it with you 1000000%.

I've been looking for someone who will trade ANY of their full gold watches with me for my LVs.

Well if you have a worn LV plus 10k cash you can get worn gold sub.

Rolex74 · 5 September 2020, 09:45 AM

If you are happy that is what counts, but I would not trade 18K gold for Stainless Steel

HideMyWalletPlease · 5 September 2020, 09:53 AM

Quote:

Originally Posted by Rolex74

If you are happy that is what counts, but I would not trade 18K gold for Stainless Steel

Exactly, that’s what felt so weird about it. What finally pushed me in the direction of doing the deal is that I have a 2019 gold Daytona. The gold Daytona is probably my favorite watch. The Daytona feels extremely balanced on the wrist. A submariner with a super case in precious metal is an extremely unbalanced watch. I was wearing it less and less and less. I kind of need a stainless watch right now that says successful but not too successful. It’s sometimes a little offputting to be wearing a yellow gold watch in certain business situations. Wearing a rare, vintage Nautilus isn’t always a good solution either. With the cash back I received the deal was fair considering the market. It just seemed very odd to me trading gold for stainless.

Heu · 5 September 2020, 10:31 PM

Quote:

Originally Posted by Rolex74

If you are happy that is what counts, but I would not trade 18K gold for Stainless Steel

MrMercedes · 6 September 2020, 06:04 PM

Quote:

Originally Posted by Rolex74

If you are happy that is what counts, but I would not trade 18K gold for Stainless Steel

ngypheap · 5 September 2020, 12:22 PM

Quote:

Originally Posted by peterpl

I think you just ripped yourself a new one with that trade. I wish you had thrown me that offer I would have done it with you 1000000%.

I've been looking for someone who will trade ANY of their full gold watches with me for my LVs.

Good point, I’m looking too lolz

Sent from my iPhone using Tapatalk

Rocco21 · 5 September 2020, 12:01 PM

Quote:

Originally Posted by peterpl

You traded a 116618LB for a SS Sub? LMFAO

God help us.

This

David5807 · 5 September 2020, 12:24 PM

Quote:

Originally Posted by peterpl

You traded a 116618LB for a SS Sub? LMFAO

God help us.

I mean your watch, your money spent, but

dmash · 6 September 2020, 02:22 PM

Quote:

Originally Posted by peterpl

You traded a 116618LB for a SS Sub? LMFAO

God help us.

Insane

This post is like

‘I just traded 1oz gold for 1oz stainless with just a little cash. Am I crazy?’

Kigan · 7 September 2020, 04:22 PM

Quote:

Originally Posted by peterpl

you traded a 116618lb for a ss sub? Lmfao

god help us.

+1.

Bobby T · 5 September 2020, 09:23 AM

spoon-turbo · 5 September 2020, 09:26 AM

Crazy trade but if you feel you won.. that’s all that matters. Congrats on the lv. It is a lovely watch.

Lukebennett21 · 5 September 2020, 09:30 AM

I think with the new style card you have something fairly rare

HideMyWalletPlease · 5 September 2020, 09:32 AM

Quote:

Originally Posted by Lukebennett21

I think with the new style card you have something fairly rare

Can you elaborate more on this? The card is dated 6/30/20, no name of course. I am not super knowledgeable about this topic I just know that the new cards no longer show a name.

hankae · 5 September 2020, 09:38 AM

Quote:

Originally Posted by HideMyWalletPlease

Can you elaborate more on this? The card is dated 6/30/20, no name of course. I am not super knowledgeable about this topic I just know that the new cards no longer show a name.

I think what he means is since the new cards just came out recently, like right around June 2020, I think, and now the watch was discontinued in August, that means only 3 months worth of Hulks have this new warranty card.

Who knows if that is worth much more but in The Rolex world it could be worth a lot.

BumbleB · 5 September 2020, 10:30 PM

Quote:

Originally Posted by HideMyWalletPlease

Can you elaborate more on this? The card is dated 6/30/20, no name of course. I am not super knowledgeable about this topic I just know that the new cards no longer show a name.

Certain type Warranty cards have never contributed much to the value of a Rolex. At most a ‘complete set’ with whatever warranty card it came with.

In my opinion it’s misleading to suggest the ‘new warranty card’ might add value to the watch.

Sent from my iPhone using Tapatalk

HideMyWalletPlease · 10 September 2020, 12:08 PM

.

mdx77 · 5 September 2020, 09:32 AM

As long as you are happy is all that matters really.

HOWEVER, you'll be kicking yourself in about 6-12 months the way GOLD prices are going to move.

From 2015 through about June 2019, prices were pretty much flat on gold, fluctuating between $1200 and $1350. Since last summer, prices have jumped about 56% in a little over a year to almost $2000, and forecasters expect that to continue to climb. I've even heard estimates gold will be at $3000 by next summer.

JSolution · 5 September 2020, 09:39 AM

Quote:

Originally Posted by mdx77

As long as you are happy is all that matters really.

HOWEVER, you'll be kicking yourself in about 6-12 months the way GOLD prices are going to move.

From 2015 through about June 2019, prices were pretty much flat on gold, fluctuating between $1200 and $1350. Since last summer, prices have jumped about 56% in a little over a year to almost $2000, and forecasters expect that to continue to climb. I've even heard estimates gold will be at $3000 by next summer.

Doesn’t make a difference watches usually.

sechsgang · 6 September 2020, 08:02 AM

Quote:

Originally Posted by JSolution

Doesn’t make a difference watches usually.

This. And ironically, I think the Hulks are staying right in the 20-23 range for newer ones for a LONG time. Not sure about higher than 23 but honestly, if you're happy thats all that matters!

~Haze~ · 6 September 2020, 08:33 AM

Quote:

Originally Posted by mdx77

As long as you are happy is all that matters really.

HOWEVER, you'll be kicking yourself in about 6-12 months the way GOLD prices are going to move.

From 2015 through about June 2019, prices were pretty much flat on gold, fluctuating between $1200 and $1350. Since last summer, prices have jumped about 56% in a little over a year to almost $2000, and forecasters expect that to continue to climb. I've even heard estimates gold will be at $3000 by next summer.

I understand what you're saying but by this logic, anyone could easily hold off on the purchase of a gold model indefinitely waiting for the price to plateau a bit whether it's on the way up or on the way down.

Sent from my SM-G960U using Tapatalk

HideMyWalletPlease · 6 September 2020, 08:36 AM

Quote:

Originally Posted by ~Haze~

I understand what you're saying but by this logic, anyone could easily hold off on the purchase of a gold model indefinitely waiting for the price to plateau a bit whether it's on the way up or on the way down.

Sent from my SM-G960U using Tapatalk

Also, if gold moves that much, this watch deal won’t be my biggest problem in life. Lol.

Harry-57 · 5 September 2020, 09:32 AM

You are asking if you have done something crazy. This suggests that you are not sure and you think you might have done something crazy. This in turn suggests that maybe you've just hit a "learning opportunity".

Or perhaps not. It's your life, your money, your watch, your decision. If you don't think it was crazy, it wasn't. If you think maybe it was, then maybe it was. It's none of my business. Although FWIW (nothing), I wouldn't have done it.

I'm keeping a lazy eye on the value of Hulks because if mine goes past a certain level I will ponder maybe adding some money and going full PM. The Hulk is a fantastic and unique watch. Call me crazy, but I'd rather own the material worth than the hype. Prices would need to be even more crazy to push me over the line, which I personally don't think will be sustainable. But who knows?

5 September 2020, 09:00 AM	#1
HideMyWalletPlease "TRF" Member Join Date: Sep 2020 Location: Houston Posts: 1,090	Am I crazy? I’m a long time lurker that just registered. I just traded my 2018 yellow gold submariner for a never worn Hulk with the new style warranty card. My Patek Philippe dealer happened to get it on trade in from a good customer when one of his Pateks came in. In exchange for my gold sub, I received the hulk and a little cash. I won’t say exact amounts but we all know what these watches are trading for right now and a never worn hulk is worth almost as much as a used gold sub. There are several reasons I went ahead with this deal. -For one, I’m not really feeling the new Cermit. -The gold submariner was my least favorite watch because it felt like a big heavy unbalanced brick on my wrist. -I felt it rounded out my three watch collection a little bit better. My other two watches are 18 karat yellow gold Daytona and I also have a 1977 Patek Nautilus jumbo two- tone, freshly Patek serviced with recent certificate of archive. -I felt like my gold sub was gonna be trading at a slightly lower number soon once the new style gold sub was in the showcase. It seems like people wait their whole life for a stainless watch but every time somebody buys a gold watch they immediately put a replacement gold watch inside the showcase. Anyway, it felt really odd trading a gold watch for a stainless watch on what amounted to almost an even trade.

5 September 2020, 09:45 AM	#9
Rolex74 "TRF" Member Join Date: May 2008 Real Name: Rob Location: Concordville, Pa Watch: DSSD DJII PAM 005 Posts: 1,677	If you are happy that is what counts, but I would not trade 18K gold for Stainless Steel __________________ My Collection.... 2012 DSSD G Series 116660; 2013 SS DJII 116300 (Stolen), 2010 G Serial GMTiiC 116710, V Serial Milgauss White Dial 2005 H Series PAM 005, 2018 Speedy Pro

5 September 2020, 09:32 AM	#25
mdx77 "TRF" Member Join Date: Jan 2008 Real Name: Kurt Location: Philly Burbs!! Posts: 3,296	As long as you are happy is all that matters really. HOWEVER, you'll be kicking yourself in about 6-12 months the way GOLD prices are going to move. From 2015 through about June 2019, prices were pretty much flat on gold, fluctuating between $1200 and $1350. Since last summer, prices have jumped about 56% in a little over a year to almost $2000, and forecasters expect that to continue to climb. I've even heard estimates gold will be at $3000 by next summer. __________________ “This is your last chance. After this, there is no turning back. You take the BLUE pill - the story ends; you wake up in your bed and believe whatever you want to believe. You take the RED pill - you stay in Wonderland, and I show you how deep the rabbit hole goes.” Rolex Submariner 116610LV Hulk \| Rolex GMT 16710 Pepsi \| Omega Speedmaster “Speedy Tuesday” \| Tudor Black Bay 79220R “ETA Rose” \| Tudor Pelagos Blue Dial \| Rolex Submariner Yellow Gold 116618LB \| Rolex Milgauss “Z-Blue” 116400GV

5 September 2020, 09:11 AM	#2
Easy E 2024 SubLV41 Pledge Member Join Date: Jun 2017 Location: GA Posts: 5,048	Ultimately, if you are good with it that’s all that matters. Seems like not the best bargain, but that is your call alone. Enjoy your LV, it’s a cool piece.

5 September 2020, 09:17 AM	#3
JSolution "TRF" Member Join Date: Aug 2019 Real Name: Jay Location: England Watch: SkyD Posts: 6,398	Would of waited for prices to settle, maybe they will maybe they won’t. I have to say from my personal view it’s a crazy trade. But I can’t see a hulk sustaining the value it’s currently being listed at. But it’s a watch that’s now discontinued and you have your hands on one so if it feels like the right watch for you then you’re happy :)

5 September 2020, 09:23 AM	#4
peterpl Banned Join Date: Aug 2012 Location: . Posts: 6,692	You traded a 116618LB for a SS Sub? LMFAO God help us.

5 September 2020, 09:23 AM	#18
Bobby T Banned Join Date: Aug 2014 Location: SoCal Posts: 934

5 September 2020, 09:26 AM	#19
spoon-turbo "TRF" Member Join Date: Jun 2018 Real Name: Paul Location: Asia Watch: PP Posts: 310	Crazy trade but if you feel you won.. that’s all that matters. Congrats on the lv. It is a lovely watch.

5 September 2020, 09:30 AM	#20
Lukebennett21 "TRF" Member Join Date: Jan 2020 Location: US Posts: 421	I think with the new style card you have something fairly rare

10 September 2020, 12:08 PM	#24
HideMyWalletPlease "TRF" Member Join Date: Sep 2020 Location: Houston Posts: 1,090	.

5 September 2020, 09:32 AM	#30
Harry-57 2024 Pledge Member Join Date: Apr 2018 Real Name: Harry Location: England Posts: 10,650	You are asking if you have done something crazy. This suggests that you are not sure and you think you might have done something crazy. This in turn suggests that maybe you've just hit a "learning opportunity". Or perhaps not. It's your life, your money, your watch, your decision. If you don't think it was crazy, it wasn't. If you think maybe it was, then maybe it was. It's none of my business. Although FWIW (nothing), I wouldn't have done it. I'm keeping a lazy eye on the value of Hulks because if mine goes past a certain level I will ponder maybe adding some money and going full PM. The Hulk is a fantastic and unique watch. Call me crazy, but I'd rather own the material worth than the hype. Prices would need to be even more crazy to push me over the line, which I personally don't think will be sustainable. But who knows?

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)