When you think of the most popular watch brands in the world, many of us will automatically think of Rolex. They have established a powerful brand name that was founded in 1905, occupying its own territory, proving to be the leader of its industry. It was recently ranked 57th out of the most powerful brands, so it’s no wonder that they are so well known.

Due to their stature and high-quality manufacturing, they are very expensive watches to buy. As a result of this, many wonder if it is a wise and safe idea to sell a Rolex to a pawn shop. In this blog, we will be breaking down the stigma associated with selling Rolex watches to pawn shops, and why this may be the best-suited option for certain people.

The fastest way to acquire money

It is widely known that selling an item at a pawnbroker is the fastest and most convenient way to get your hands on some money. Using your Rolex watch as security for a short term loan is a great way to cover yourself in financial need, without carrying out credit checks. 

Once you have paid the loan and applicable interest back, you will then be able to keep your Rolex. This is a fantastic option for many people that aren’t willing to sell, but understand that they can gain the loan they need from its value.

High value

As mentioned previously, due to their name-brand, you can be reassured that the loan or selling price would be a decent amount (depending on the condition of the watch), even though pawnbrokers will not pay the true market value of the watch. 

Certain models will reach a higher price or loan amount than others, such as the Rolex Submariner. This particular model is known to hold its value very well, known as one of the most iconic and recognised watches from Rolex. However, predominantly, owning any Rolex model in a great condition will allow you to gain a decent sum of cash when you need it most.

Here at Cuttings, we have highly experienced and friendly staff that would be more than happy to provide you with a great offer for your Rolex watch, whether you want to sell it or gain a secured loan. Contact us here to find out more. 

Safe

Pawnbrokers such as ourselves are authorised and regulated by the financial conduct authority, therefore there are strict guidelines set in place to ensure that customers are protected. 

Not only that, here at Cuttings and other pawnbrokers, valuables are securely locked away, which includes any watches or jewellery that has been used for a pawnbroking loan. Therefore, customers should not feel as if having their valuables held within a pawn shop is not safe, as is it is imperative for the business to have this level of protection.

We specialise in pawnbroking luxury watches, including Rolex’s. If you would like to get your watch valued, then visit our stores down in Margate or Ramsgate, or contact us online here.