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Old 01-28-2020, 16:22   #1
Old Dog New Trick
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PX Rolex gains ~1,500% since 1974

Hey any of you Vietnam vets have one of these laying around in a box from the 70’s?

Air Force Airmen spends his entire paycheck at the PX in 1974 on a $345.97 Rolex Oyster Cosmograph to go diving and then received it a year later and realized it was too nice to take in the saltwater.

Had it appraised recently for between $500,000 and $700,000.

Damn I still wish I bought several Rolex Submariners in the PX for under $450 back in the early 80’s but that was a monthly paycheck for me and I needed beer and cigs.

https://apple.news/AHkrsFAZOQLG7ML-ig_zl_g

If that link doesn’t work google the story.
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Old 01-28-2020, 17:00   #2
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Good for him!




Saw an Antiques Roadshow segment that was a soldier purchase at the PX back in 1960

1960 GMT Master Model Rolex with Box & Papers

1st Model (6542)

Purchased for $120.35

Estimated value (3 years ago) $65,000 - $75,000
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Old 01-28-2020, 17:21   #3
Old Dog New Trick
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Much better than me. I bought a GMT (1) upon my completion of SOMC in Fayetteville for $1200 circa 1990 and needed a new truck in 1996 where I sold the watch to the dealership finance manager for $1900. (I was joking she was serious as it was her wedding anniversary. I left with truck.)
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Old 01-28-2020, 17:33   #4
tom kelly
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ROLEX WATCHES :

Rolex watch GMT sold for $143.00 in the PX on Okinawa in 1964. I bought a ladies Rolex Oyster Perpetual for my wife for $125.00 She still has it, But, She had it engraved & it has almost no resale value...Still have my GMT, send it to Rolex in New York @ every 5 to 6 years for maintenance they clean, oil and replace parts that are worn e g. the crystal and they certify that it will not lose 3 seconds in 1 year. How would you know??? Also the date has to be adjusted for the month's that do not have 31 days. The I- phone is probably more accurate & you DO NOT have to adjust it. The Rolex company in Switzerland has created a "cult" with their watches, e g. Sir Edmund Hillary submitted Mt. Everest wearing a Rolex watch given to him by Rolex which they now have in their museum; Jack Nicklaus was given a solid gold Rolex in 1966 as a gift beginning in 1967 when the watch was delivered to him, for more than 50 years after the Rolex went with him. It was in his possession when he captured the last 12 of his 18 major titles. Nicklaus will put the watch up for auction after it completes a world tour. The opening bid is Dec.10 in New York.
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Old 01-29-2020, 07:01   #5
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....but that was a monthly paycheck for me...
The only part of a Rolex story I have ever been able to relate to, so I sent a Seiko home. Besides, even as a youngster, there was a part of me that said 'it's just a watch." 60's, 70's, or your 80's, no matter what decade, it still always seemed to cost a month's pay... lol.

That's neat for him though - cool to see & better than an antique desk.
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Old 01-29-2020, 11:46   #6
CW3SF
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One hell of an investment. I would have worn the piss out of that watch. Who the heck buys a Rolex and then doesn’t wear it for 45 years?
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Old 01-29-2020, 18:04   #7
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One hell of an investment. I would have worn the piss out of that watch. Who the heck buys a Rolex and then doesn’t wear it for 45 years?
Yeah. And has all the paperwork including a blank warranty/registration card, then tucks it away in a safety deposit box for 45 years.
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Old 01-29-2020, 19:00   #8
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I saw that on Roadshow. That guy could hardly talk after he got up and got the “final value.” I had a similar experience, though not as profound. I bought a Seadweller in Geneva while in the Marine Corps. Paid $564 for it. Wore it daily until around 2000 when I found out it was a “Double Red Sea Dweller.” Worth $ 25-30K. I’ve also got most of the papers, pieces and box. Stays in the bank vault now.
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Old 01-29-2020, 20:44   #9
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I saw that on Roadshow. That guy could hardly talk after he got up and got the “final value.” I had a similar experience, though not as profound. I bought a Seadweller in Geneva while in the Marine Corps. Paid $564 for it. Wore it daily until around 2000 when I found out it was a “Double Red Sea Dweller.” Worth $ 25-30K. I’ve also got most of the papers, pieces and box. Stays in the bank vault now.
Nice watch.
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Old 01-29-2020, 21:04   #10
Badger52
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Nice watch.
Agree. Not to diminish the Roadshow watch, but I think in terms of aesthetics that Seadweller is the cat's ass. The other is Numbah 10 too beaucoup bling for me. That Seadweller is a keeper whereas the other one in my house it'd be "put that sucker up on the block!"
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Old 01-30-2020, 20:58   #11
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Gracias. If I knew then what I knew now......
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