The Rolex 5517, affectionately known as the "MilSub" (Military Submariner), holds a legendary status among watch collectors. This enigmatic timepiece, produced for the British Ministry of Defence, boasts a compelling history, unique specifications, and consequently, a highly volatile price. Understanding the current market value of a Rolex 5517 requires examining its history, variations, condition, and the ever-shifting landscape of the luxury watch market. This article will explore the factors influencing the price of a Rolex 5517, examining various aspects like its full specifications, its military history, and the current market for these coveted watches.
Rolex Full Spec 5517: Understanding the Variations
The term "full spec" is crucial when discussing the Rolex 5517. It doesn't simply refer to a perfectly functioning watch; it denotes a timepiece adhering to the original specifications provided by the British Ministry of Defence. These specifications went beyond the standard Submariner of the time. Key features defining a "full spec" 5517 include:
* Case: A specific type of stainless steel case with a matte finish, often showing signs of wear consistent with military use. The presence of specific caseback markings, including the broad arrow marking, is essential for authentication. Variations in caseback engravings, even subtle ones, can significantly impact value. The presence of a correctly engraved case number is paramount.
* Dial: The dial is arguably the most scrutinized feature. Original 5517 dials feature specific characteristics, including the font style of the numerals, the placement of the text, and the overall patina. The presence of tritium lume, showing age-appropriate discoloration (often described as creamy or yellowish), is expected and desired. Re-dialed or refinished dials dramatically reduce the watch's value.
* Hands: Similar to the dial, the hands must match the original specifications. The lume on the hands should complement the lume on the dial. The shape and style of the hands are also important factors in determining authenticity and value.
* Movement: The movement, typically a calibre 1570 or 1575, should be original and in working order. While servicing is expected, significant modifications or replacements can negatively impact the value. The movement's serial number should align with the case and other components.
* Bracelet: The original bracelet, usually a riveted Oyster bracelet, is highly sought after. The presence of correct end links and clasp markings further contributes to the watch's value. Replacement bracelets, even if genuine Rolex, will lower the price considerably.
Rolex Submariner Military 5517: A Legacy of Service
The Rolex 5517 wasn't just a watch; it was a tool. Its robust construction and reliable performance made it a perfect companion for British military divers. Its use in challenging underwater environments cemented its reputation for durability and precision. The history of the 5517 is intricately intertwined with the British Royal Navy and its special forces units. This military heritage significantly contributes to the watch's desirability and, therefore, its price. The stories associated with these watches, often passed down through generations of collectors, add an intangible value that cannot be easily quantified.
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