The Rolex Submariner 5512, particularly the examples boasting a gilt dial and the coveted "PCG" (possibly "Patek Philippe Genève," though the exact meaning remains debated amongst collectors) marking, represents the pinnacle of vintage Rolex desirability. This article delves deep into the world of the Rolex 5512 PCG, specifically focusing on a currently available example priced at $82,950, exploring its significance, historical context, and the factors that contribute to its astronomical value. We will also examine the broader market for used Rolex 5512 watches, discussing pricing trends and what to look for when considering a purchase.
Ref. 5512 - 'Gilt 4-Line Chapter Ring PCG Exclamation Point' $82,950. Free. This concise description immediately grabs attention. The price tag alone signifies the rarity and desirability of this particular watch. The inclusion of "Gilt 4-Line Chapter Ring PCG Exclamation Point" provides crucial details. Let's break down each element:
* Ref. 5512: This reference number designates a specific iteration of the Rolex Submariner, produced between approximately 1959 and 1980. This model, unlike its successor the 5513, lacked a date window, a feature cherished by many purists. The absence of a date complicates the production dating, adding another layer of intrigue for collectors.
* Gilt Dial: The term "gilt" refers to the gold-colored printing on the dial. Over time, the gilt can fade or patina, creating unique variations that add to a watch's character and value. A well-preserved gilt dial is highly sought after, commanding significantly higher prices than examples with faded or altered dials. The condition of the gilt is paramount in determining the value.
* 4-Line Chapter Ring: The chapter ring, the inner ring surrounding the dial, features four lines of text. This specific configuration is characteristic of certain production periods within the 5512's lifespan. Identifying the exact wording and placement of these lines is crucial for authentication and dating.
* PCG: This mysterious marking, often found near the six o'clock marker, remains a subject of debate among collectors. While the most widely accepted theory connects it to Patek Philippe Genève (a possible supplier of components), its precise origin and significance are still debated, adding to the watch's allure and mystery.
* Exclamation Point: The inclusion of an exclamation point further emphasizes the uniqueness of this particular example. Minor variations in dial markings, like this exclamation point, can dramatically impact a watch's value, making it highly collectible.
Rolex Submariner 5512 Price: A Volatile Market
The price of a used Rolex 5512, particularly a desirable example like the PCG gilt dial, varies considerably depending on several factors:
* Dial Condition: As previously mentioned, the condition of the gilt dial is paramount. A perfectly preserved gilt dial with vibrant color and sharp printing will command a significantly higher price than one showing signs of fading, discoloration, or damage.
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