The search for a specific Rolex model often leads down a rabbit hole of variations, references, and fluctuating prices. While the reference number "RX1002" doesn't officially exist in Rolex's catalog, it's highly likely a typo or misunderstanding, referring to the highly sought-after Rolex Oyster Perpetual Ref. 1002. This article will delve into the price of the Rolex Oyster Perpetual Ref. 1002, exploring the factors influencing its value, guiding you through the process of buying and selling, and clarifying the common confusion surrounding reference numbers.
The Rolex Oyster Perpetual Ref. 1002 holds a significant place in the history of the brand. Produced between approximately 1960 and 1981, this watch represents a period of classic design and robust engineering. Its understated elegance, coupled with its reliable movement, makes it a desirable piece for collectors and enthusiasts alike. However, determining the exact price of a Rolex Ref. 1002 is not a straightforward task. Several crucial factors impact its value, making each watch a unique investment.
Factors Affecting the Price of a Rolex Oyster Perpetual Ref. 1002:
Several key factors influence the price of a pre-owned Rolex Oyster Perpetual Ref. 1002. Understanding these factors is essential for anyone looking to buy or sell this iconic timepiece.
* Condition: This is arguably the most significant factor. A watch in pristine, unpolished condition with its original bracelet and accessories will command a significantly higher price than one showing signs of wear, scratches, or previous repairs. The presence of the original box and papers further enhances value. The condition of the dial, hands, and case are all meticulously examined by experts and collectors.
* Year of Manufacture: The age of the watch contributes significantly to its value. Earlier examples, particularly those from the 1960s, tend to be more valuable due to their rarity and historical significance. Determining the year of manufacture often requires examining the serial number, a task best left to experienced Rolex watchmakers or reputable dealers. The Rolex serial number lookup, readily available online through various resources, can help pinpoint the approximate manufacturing year.
* Dial Variations: The Ref. 1002 came in a variety of dial configurations, including different colors (e.g., black, silver, champagne) and markers (e.g., baton, index). Certain dial variations are more sought after than others, influencing the price accordingly. Rare or unusual dial variations can dramatically increase the watch's value.
* Case Material: While the vast majority of Ref. 1002 watches were produced in stainless steel, variations may exist. The presence of different metals or materials would, of course, significantly impact the price.
* Movement: The caliber of the movement inside the watch also plays a role. While most Ref. 1002 watches employed reliable movements, any significant servicing history or modifications to the movement will be assessed during authentication and pricing.
* Market Demand: The current market demand for vintage Rolex watches, especially popular models like the Ref. 1002, is a crucial factor. Increased demand typically leads to higher prices. Market trends and economic conditions can also influence the value.
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