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OMEGA watches are known worldwide for their precision and reliability. So much so, that OMEGA was not only the first watch on the moon, but OMEGA has been the official timekeeper for almost every Olympic Games since 1932. These endorsements show that these watches are not only dependable timepieces, but also that the OMEGA brand is here to stay. At Precision Watches & Jewelry, we have helped many watch owners interested in selling their OMEGA watch, often looking to upgrade to a newer model or a different style. We are often asked “What is the value of my OMEGA watch?” or “How much is my OMEGA worth?” but it must be understood that these are difficult questions to answer, and the value of an OMEGA watch is impacted by a long list of factors.
One of the factors that has one of the largest impacts on the price is its condition. This one should be rather obvious – the better the condition of the watch, the more the watch is worth. The condition of the watch can have a lot to do with its material, as a metal bracelet will not show wear as quickly as a leather strap, as well as the fact that it is more expensive to manufacture. An OMEGA watch with an 18kt gold bracelet will be worth more than a stainless steel bracelet and a leather band.
The specific model and its history can have a great effect on the value of the OMEGA watch. Because it was the first watch on the moon, the OMEGA Speedmaster has a loyal following of fans and retains its value better than most other OMEGA models.
The serial number or model number can help out when you first start trying to figure out the value of a watch. The model number is not usually listed anywhere on the watch, but should be listed on the paperwork, assuming you have it. For those who have misplaced their paperwork, the serial number on the watch can help identify the model number. The serial number is often located on the caseback and you’ll need a magnifying glass to read it. If the serial number is not on the back of the watch, it is most likely inside the case. Bring the watch to our expert watchmakers at Precision Watches & Jewelry to remove the caseback and locate the serial number. Once we have located the serial number, we can provide all of the necessary information.
If the OMEGA watch is a vintage watch, you can also use OMEGA’s Vintage Information Database to find out all of the necessary and important information. Another thing to keep in mind is that discontinued model numbers will often be worth more than models that are still in production. These discontinued models are rarer and more collectible, increasing their value.
One important thing to remember when trying to determine the value of a used OMEGA watch is the fact that the value is determined by the market. The amount that the market is willing to pay determines its value. The market value of the watch can fluctuate, depending on many different factors, specifically supply and demand.
If you are interested in selling your OMEGA watch, you can submit a quote request to Precision Watches & Jewelry. We are happy to help!
