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Worstcase servicing costs for a Rolex 1803 movement


gck303
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I currently have a mid 1960s manual wind steel Rolex watch. It has sat idle for a few years and is now running 54s/day fast. I have  just been quoted 250 for a service, which seems fair. 

I am considering trading it in for a similar Rolex with an automatic movement and date. Certainly of a similar vintage and I would expect it to have a perspex front. 

What are the worst case service costs for a 1803 daydate movement? For this, lets make the assumption that the watch runs fine and has no visible faults. 

 

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12 hours ago, gck303 said:

I currently have a mid 1960s manual wind steel Rolex watch. It has sat idle for a few years and is now running 54s/day fast. I have  just been quoted 250 for a service, which seems fair. 

I am considering trading it in for a similar Rolex with an automatic movement and date. Certainly of a similar vintage and I would expect it to have a perspex front. 

What are the worst case service costs for a 1803 daydate movement? For this, lets make the assumption that the watch runs fine and has no visible faults. 

 

£250 is a fair price for a service imo Rolex would charge around £500 , I had my oyster perpetual done by an independent for £265

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Are there any horror stories of working watches, especially Rolexes, that are working and have huge hidden problems and service costs?

I guess, the same thing could be asked in another way....

Is there any down side, other than it not being accurate, of not servicing a watch? 

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The downsides of not servicing a watch are that gears and levers could be grinding against metal with no lubrication and will eventually wear, leaving you with a bill of £750+ instead of £250.

That said, Rolex movements are generally pretty robust and not known for their failure rate. 

The movement in your proposed trade would be a 1055 (1803 is the model reference) I guess, so the only thing I'd be wary of is parts availability. Do Rolex even stock parts for this movement now? It would be more of a risk than I'd be willing to take but I don't do vintage Rolex. Well, only as far back as 2002 anyway.

What watch that can be serviced for £250 are you trading against a 1803?

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1 hour ago, gck303 said:

Are there any horror stories of working watches, especially Rolexes, that are working and have huge hidden problems and service costs?

I guess, the same thing could be asked in another way....

Is there any down side, other than it not being accurate, of not servicing a watch? 

If you are determined to go "vintage" I would only deal with someone with a reputation to protect.

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