OMEGA has built a reputation in the industry for their reliability and precision. That’s one of the reasons why OMEGA is such an extremely popular brand. The first watch on the moon was an OMEGA. In addition, OMEGA has been the official timekeeper of the Olympics for many years. These endorsements certainly show that OMEGA watches are very dependable timepieces.
At Crown & Caliber, we work with many watch owners who are interested in selling their OMEGA timepieces. They’re often looking to upgrade or swap out their current model for another OMEGA watch. If you’re interested in selling your OMEGA or simply want to know the value of your OMEGA, you may be wondering how much it’s worth. This is a difficult question because there are many different factors that affect the value of an OMEGA watch. Here, we’ll look at some elements that impact watch value to help you determine how much your OMEGA is worth.
An OMEGA’s Worth: Condition and Materials
One of the most obvious factors that influences the value of an OMEGA watch is its condition. The better the condition of the watch, the more the watch is worth. The condition of a watch can have a lot to do with its materials. For example, a metal bracelet won’t show wear as quickly as a leather strap. In addition, different materials are worth different amounts. For instance, an OMEGA with an 18kt gold bracelet is worth more than a stainless steel bracelet or leather band.
The model number is another element that always has an effect on the value of the OMEGA watch. Take the OMEGA Speedmaster for instance. Because of its historical significance as first watch on the moon, it retains its value better than other OMEGA models. However, even certain variations of the Speedmaster can hold their value more than others. For example, a limited edition or discontinued model will often be worth more. This is because they’re more rare and collectible than a model that’s still in production. This is where the model number comes in.
You can find the model number of your particular OMEGA model in the paperwork for your watch. If you’ve misplaced the paperwork for your watch, the serial number can help you identify the model number. The serial number is most often located on the caseback or inside the case of an OMEGA watch. If the serial number is on the caseback, you can read it with a magnifying glass. However, if it’s inside the case, you’ll need to take your watch to a trusted watchmaker. They can safely open the watch and help you locate the serial number. Once you have your serial number, you can take it to an authorized OMEGA watch dealer. Here, they should be able to provide your model number. If your OMEGA is a vintage model, you can use OMEGA’s Vintage Information Database to find your model number.
There’s one more important thing to remember when trying to determine the value of a pre-owned OMEGA watch. The value is ultimately 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’re interested in selling your OMEGA watch, you can submit a quote request to Crown & Caliber. We’ll determine the value of your watch and sell your watch for the highest possible value.
Editors Note: Updated in June of 2019 for clarity and updated information