Rolex Explorer II 1655 Appraisal

This rugged vintage tool watch, famed for its bold orange hand and explorer-ready design, excites collectors with unmistakable character. Want to know the value of a Rolex Explorer II 1655?

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Facts of a Rolex Explorer II 1655
DEFENSIBLE, USPAP-COMPLIANT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, INSURANCE AGENGIES, LENDERS, AND MORE.

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AppraiseItNow, Inc. was professional in every way. They were prompt, thorough, and provided impressive credentials that demonstrated their expertise. I highly recommend their services.

Affordable and reliable, with fast service and always responsive to my messages and questions. They delivered my appraisal on time without a glitch. 100% Recommended! I wouldn’t use anyone else for my business. Thank you, Joe — you’re great!

Joe and his team were highly responsive and provided strong, well-supported comparisons to justify their appraisal values. The process of uploading photos was smooth and straightforward. We would definitely work with him again for future appraisal needs.

The AppraiseItNow team was great to work with. We hired them to appraise some precious metals for a charitable donation, and they were very helpful throughout the process. They provided clear instructions on how to submit photos and item descriptions, and delivered the appraisal and IRS forms within just a few days. Thank you so much, highly recommended!

My wife and I purchased a property that included a double-wide mobile home, which we decided to donate to a local charitable organization that provides housing for low-income families. This type of donation required a formal appraisal to qualify for an IRS tax deduction, so we reached out to Appraise It Now. From the start, they were able to clearly answer all of our questions about both the appraisal process and the tax deduction requirements. We provided photos and additional details, and within 10 days we received a thorough, well-prepared report that included all the necessary IRS forms. I’m giving Appraise It Now a five-star review because communication was excellent throughout the entire process. Everyone I spoke with was helpful, friendly, and professional, and emails were always answered quickly. We were completely satisfied with the experience. Thank you!

I was skeptical at first, but the company exceeded all of my expectations. The team responded quickly to every question, and the service was excellent. They’re now my go to source for my collection. I’ve used them twice already, and I plan to use them several more times.

Defensible appraisals for any legal or tax need.

Our mission is to deliver defensible, expert appraisals with unparalleled speed, professionalism, and client service.

Rather than relying on a single lead appraiser or fixed team, we maintain an extensive network of credentialed specialists, each with deep expertise in particular asset types and valuation purposes. This enables us to match every engagement with the right expert while delivering exceptionally fast turnaround times, even under the most demanding deadlines.

When you require a defensible appraisal you can trust, AppraiseItNow delivers.

Easy & Fast Online Appraisal Process

Our custom technology makes our process seamless and easy - from getting a quote quickly to submitting your asset details.
Our unique model allows us to meet super tight deadlines for tax filings, court dates, internal company project timelines.
Learn more about our online appraisal services!

Industry-Leading Appraisal Speed

AppraiseItNow responds to requests super fast and uses the best automation and tech to deliver projects quickly.

Our unique business model means that we always have a credentialed appraiser available to work on your project, and we can meet obscure and short deadlines for tax filings, court submissions, internal projects, and more. Even if that means preparing your appraisal within 24 hours!

Any Asset Covered

AppraiseItNow works with independent appraisers who specialize in a wide range of asset types.

This means that we can appraise any type of asset including furniture, artwork, jewelry, business inventory, machinery & equipment, cars, boats, full operating businesses and more!

Servicing Enterprises & Individuals

AppraiseItNow is a professional, USPAP-compliant valuation provider that supports institutions and individuals alike. We can move quickly to meet tight deadlines, while also sustaining top-tier professionalism through our intake and delivery processes.

Our company services anyone from an individual with a single couch to an enterprise needing contents of multiple offices or warehouses appraised.

Defensible for Any Purpose

AppraiseItNow prepares defensible, USPAP-compliant online appraisals for any major legal, tax, or financial purpose. Clients typically contact us for charitable contributions, estate tax filings and settlements, insurance purposes, M&A due diligence, and financial reporting purposes.  
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How much does a Watch appraisal cost?

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Most Household Goods engagements fall within this range. Larger or unusually complex collections may require a custom quote.
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What Drives Cost?
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Rolex Explorer II 1655 Facts

<ul> <li>First introduced in 1971</li> <li>24-hour hand for day/night tracking</li> <li>Distinctive fixed bezel design</li> <li>Stainless steel construction</li> <li>Self-winding mechanical movement</li> <li>Highly sought-after by collectors</li> <li>Worn by explorer Steve McQueen</li> <li>Approximately 500 pieces worldwide</li> </ul>

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<h1>How to Get Your Rolex Explorer II 1655 Appraised</h1> <p>If you own a Rolex Explorer II 1655—commonly referred to as the "Steve McQueen" model—you likely understand you're holding a significant timepiece with real investment value. Whether you're considering selling, need insurance documentation, or simply want to verify what your watch is worth, obtaining a professional appraisal is the most reliable way to establish its true market value. Current estimates place these iconic watches between <strong>$12,000 and $15,000</strong>, but your specific piece may command more or less depending on condition, provenance, and current market demand.</p> <h2>Understanding Your Explorer II 1655's Market Position</h2> <p>The Rolex Explorer II 1655 occupies a unique space in horological collecting. Produced between 1971 and 1985, this robust stainless steel sports watch was designed for explorers and cave scientists who needed to distinguish between day and night using its revolutionary 24-hour hand. When major publications and collectors ask "does a Rolex Explorer 2 hold its value?" the answer is decidedly affirmative—these watches have appreciated consistently over decades, with no signs of slowing.</p> <p>Approximately 500 pieces were produced during its 14-year production run, which makes finding one in excellent condition increasingly rare. The association with legendary actor Steve McQueen amplified the model's cultural cachet, transforming it from specialized tool to aspirational status symbol. This combination of functionality, exclusivity, and celebrity provenance creates strong demand among both serious horologists and investment-minded collectors interested in <a href="/blog/appraising-luxury-watches-determining-the-value-of-timepiece-investments">luxury watch appraisals</a>.</p> <div class="callout tip"><p><strong>Collector's Insight</strong></p> <p>Examples with documented original retail papers or complete boxes can command 15-25% premiums over comparable watches with missing provenance documentation.</p></div> <h2>What Makes Your 1655 Worth Appraising</h2> <p>The question "what is a Rolex Explorer 2 worth?" doesn't have a simple answer because condition, dial variations, and service history create substantial value differentials within the $12,000-$15,000 range. Your professional appraisal identifies these specific value drivers unique to your individual watch.</p> <p>The 1655's technical specifications demonstrate why it commands premium pricing compared to contemporary sports watches. Its self-winding mechanical movement offers the reliability serious collectors demand, while the fixed bezel design and dial layout remain virtually unchanged since introduction. The 24-hour hand functionality—designed for Arctic exploration—gives the watch practical distinction. Unlike modern sports watches that depreciate immediately upon purchase, the Explorer II 1655 appreciates because supply remains fixed while collector demand grows.</p> <p>Is the Rolex Explorer 2 rare? Among vintage Rolex sports models, the 1655 sits in the middle ground between common Submariners and ultra-rare GMT Masters. This positioning makes it simultaneously accessible to new collectors while commanding respect from seasoned veterans. An experienced appraiser recognizes dial variations, bracelet authenticity, and service history—factors that dramatically affect whether your watch appraises toward the $12,000 floor or approaches the $15,000 ceiling.</p> <h2>Condition Assessment and Value Implications</h2> <p>Professional appraisers examining your Explorer II 1655 evaluate condition across multiple dimensions, each contributing to final valuation. The dial's state is paramount—original dials in excellent condition with clear, legible printing dramatically increase value. Refinished dials, while sometimes necessary after decades of use, signal significant value reduction to knowledgeable collectors.</p> <p>The case and bracelet tell your watch's story. Surface scratches from everyday wear are expected and acceptable, but deep gouges, polishing that removed lugs, or cracked crystal all factor into condition grading. Bracelet end links specifically concern appraisers because replacements are common, yet original paired links substantially enhance value. Your appraiser will examine whether your bracelet is original to the watch and whether all components remain unrepaired.</p> <p>Movement condition also matters, though less visibly than case appearance. A movement that ticks away reliably commands respect, while one requiring service adjustment impacts value. Professional servicing by qualified watchmakers preserves rather than diminishes value—collectors expect these watches to be maintained. However, amateur repairs or non-Rolex parts trigger substantial value penalties. When considering insurance appraisals, understanding your watch's service history becomes essential for establishing accurate replacement value.</p> <h2>The Role of Documentation in Valuation</h2> <p>Original documentation—retail papers, boxes, and warranty cards—significantly influences Explorer II 1655 valuations. These elements prove provenance and establish when your watch was originally purchased, which aids authentication. A complete set with original papers typically appraises 15-20% higher than an identical watch lacking documentation. Your appraiser needs this information to position your piece accurately within the market.</p> <p>How much should you pay for a Rolex Explorer 2 with complete provenance? The answer depends on condition, but having full documentation commands respect from serious buyers and ensures your appraisal reflects current market premiums. Professional appraisers document every element of provenance, creating detailed reports that serve insurance companies, buyers, and auction houses with credible valuation support.</p> <div class="callout note"><p><strong>Documentation Matters</strong></p> <p>Even incomplete documentation—a partial serial number on old service papers—aids appraisers in establishing authenticity and historical accuracy, improving overall valuation reliability.</p></div> <h2>Obtaining Your Professional Appraisal</h2> <p>When seeking an appraisal for your Rolex Explorer II 1655, you want a professional with specific expertise in <a href="/blog/what-you-need-to-know-about-rare-watch-appraisals">rare watch appraisals</a> and vintage Rolex sports models. General jewelry appraisers may lack the specialized knowledge necessary to distinguish between dial variations, identify service history, and understand horological market dynamics. Your appraiser should be credentialed through recognized organizations like the American Society of Appraisers (ASA) or International Society of Appraisers (ISA), with demonstrated experience in vintage timepiece valuation.</p> <p>AppraiseItNow connects you with appraisers who understand the nuances of vintage Rolex collecting. Our network includes experts who examine movement signatures, dial characteristics, and current market comparables to establish fair market value that reflects what your specific watch would command at auction or in private sale. The appraisal process begins with detailed photography and examination of your watch's condition, authenticity markers, and service history, resulting in a USPAP-compliant report suitable for insurance companies, estate planning, or transaction purposes.</p> <h2>Market Factors Affecting Your 1655's Value</h2> <p>The broader watch market influences your Explorer II 1655's appraisal value. Luxury watch collecting has expanded dramatically, particularly among younger collectors seeking "affordable" vintage pieces under $20,000. This expanding collector base strengthens demand for accessible yet prestigious watches like the 1655. Is Rolex raising prices in 2025? While modern retail Rolex prices continue climbing, secondary market vintage prices respond to different dynamics—condition scarcity, documented provenance, and changing collector preferences.</p> <p>Current market trends favor tool watches with proven functionality and historical significance. The 1655's original purpose—specialized exploration equipment—resonates with collectors who value authenticity and purpose-driven design. When you compare the Explorer II 1655 to current Rolex sports models, the vintage piece often demonstrates superior value retention and appreciation, making appraisal documentation particularly important for insurance and investment purposes.</p> <h2>Why Professional Appraisal Matters for Your Collection</h2> <p>Obtaining professional valuation isn't simply about knowing a number—it's about creating documented evidence that protects your investment. Insurance companies require current appraisals reflecting fair market value before covering claims. Estate planning necessitates accurate documentation to fairly distribute assets among heirs. Prospective buyers demand credible valuations from neutral experts. Professional appraisals serve all these purposes while building your confidence in understanding your watch's true worth.</p> <p>The question "is a Rolex Explorer II a good investment?" is answered definitively through market history and trend analysis that appraisers provide in detailed reports. Your professional appraisal documents comparable sales, market demand indicators, and condition-specific value drivers, creating a comprehensive understanding of why your watch commands its particular price point. This documentation proves invaluable whether you eventually sell, refinance against your collection, or simply maintain proper insurance coverage.</p> <div class="callout note"><p><strong>Key Takeaway</strong></p> <p>A certified appraisal of your Rolex Explorer II 1655 provides professional documentation that establishes fair market value ($12,000-$15,000 range), protects your investment through proper insurance coverage, and creates confidence in future buying, selling, or collection management decisions. AppraiseItNow connects you with specialized appraisers who understand the intricacies of vintage Rolex sports watches, ensuring your 1655 receives accurate, credible valuation that reflects its true market position.</p></div>
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