The opportunity to sell used watches is better than ever before. More and more businesses are forming purely with the intention to buy luxury watches and “we buy gold” companies are expanding to take advantage of the growing number of people looking to sell used watches for resale or metal value.
The Value of Used Watches
For brands that receive great demand, there is little difference in retail price between new and used high-end watches. Such brands include Rolex, Jaeger, Panerai, Breguet, Patek, and LeCoultre. As these watches are manufactured to last for generations, many even increase in value as they age and become rarer.
There is far less demand for brands such as Piaget, Concord, and Chopard, and these watches often decrease in value over time; however, this does not mean that these watches are not worth selling — in many cases, the material from which a watch is made may be more valuable than the timepiece itself. If you have piece that contains high levels of precious metals or one that features stones, especially women’s watches, you will find that there are plenty of opportunities to sell the watch for cash on the spot.
The same goes for high-end watches that are far from perfect condition. You can still easily sell a watch broken beyond repair for the precious metals and jewels it contains.
Advantages of Using a Professional Service to Sell High-End Watches
Often the most convenient and cost-effective way to sell used watches worth around $1000 and above is through a professional service. Selling a valuable item like a watch is comparable to real estate — although you can go it alone, it is better to hire an expert. For one thing, it is much easier to sell to a professional; it can be very difficult to get in contact with a buyer who wants your particular watch whereas a professional service is already linked to a network of clients who may even request specific watches.
In addition, companies prefer to buy directly from watch owners in order to cut out the middleman. In this way, both parties receive a better deal.
To better understand why selling to an expert is so often the better choice, you only need to compare the experience to selling online with a service such as eBay, Craigslist, or an interest forum. The disadvantages are numerous.
Firstly, you may be subject to high service fees. Secondly, you are unlikely to receive the full value of the timepiece due to geographical restrictions, limited viewers, or your ranking or seller rating on the website. In fact, it is not uncommon for eBay buyers to claim that the watch is not of the quality specified in the ad and to send it back with some of the original parts missing. Lastly, there is always some danger to meeting a buyer in person.
If you are looking to receive the best deal when selling a high-end used watch and want to make some cash quickly, make sure you take the right route and sell to a professional. Visit Pinto Cash For Gold at our convenient Yonge and Eglinton store front today to learn more.