That old watch sitting in a drawer — the one that stopped working years ago — might be worth more than you think. Here’s how watch value actually works.

Brand matters more than you’d expect. Certain brands hold their value (and even appreciate) regardless of condition, including Rolex, Omega, Cartier, Patek Philippe, and other well-known Swiss and luxury names. Even a well-known American brand like a vintage Hamilton or Bulova can carry meaningful collector value. Check the face and case back for a brand name and model before assuming it’s just costume jewelry.

Material matters — a lot.

• Solid gold watches hold value based on gold content alone, even if the watch doesn’t work.
• Gold-filled or gold-plated watches have some value but far less than solid gold — the case back often indicates which type you have.
• Stainless steel luxury watches (like many Rolex models) can still carry significant brand-driven value.
• Sterling silver watches are evaluated similarly to other silver items.

Does it need to work? No. A non-functioning watch can still hold value from:

• Its precious metal content (gold or silver case/band)
• Its brand and collector demand
• Parts value, for certain luxury or vintage models

Don’t throw away or write off a broken watch before having it evaluated.

What details help determine value?

• Brand and model name
• Case material (check the case back for markings like “18k,” “750,” “sterling,” or “stainless steel”)
• Whether it’s mechanical, automatic, or quartz
• Original box or papers, if you happen to have them (not required, but helpful)
• Overall condition of the case, band, and crystal

What about non-luxury or costume watches? Not every watch carries collector or metal value — inexpensive costume watches typically don’t. But it’s worth having anything you’re unsure about evaluated rather than assuming.

Common watches people are surprised to learn have value:

• Vintage Hamilton, Bulova, and Elgin watches
• Any gold pocket watch, working or not
• Rolex, Omega, or other Swiss brands in any condition
• Watches inherited from a parent or grandparent, especially pre-1970s

Wondering what your watch is worth? Bring it to a Premier Gold, Silver & Coin buying event for a free evaluation — no need to fix it or clean it up first. Our team will identify the brand, materials, and value on the spot.