The Rolex Military Submariner, reference 5517, is a highly sought-after piece among vintage watch collectors. Its mystique stems from its limited production, its unique military specifications, and its undeniable connection to history. Unlike the more commonly seen civilian Submariners, the 5517 boasts a distinct set of features that set it apart, significantly impacting its value and making determining its price a complex endeavor. This article will delve into the factors influencing the price of a Rolex Military Submariner 5517, exploring its history, key characteristics, and the current market landscape.
Understanding the Reference 5517: A "Full Spec" Military Issue
The Rolex Submariner reference 5517, often referred to as the "Full Spec" Military Submariner, is a testament to Rolex's dedication to crafting robust and reliable timepieces for demanding environments. Produced around 1978, these watches were specifically commissioned for military use, featuring several key differences from their civilian counterparts:
* Fixed Bar Lugs: Unlike the more common spring bars used in civilian Submariners, the 5517 utilizes fixed bar lugs, enhancing the watch's durability and resistance to accidental detachment under strenuous conditions. This is a crucial identifying feature, helping to authenticate genuine examples.
* Military Engravings: Many, though not all, 5517s feature military engravings on the case back. These engravings often denote the supplying nation or specific military unit. The absence of engravings doesn't necessarily devalue the watch, as some were delivered without them, but their presence significantly enhances its collectibility and price.
* "Maxi" Dial: The 5517 typically sports a "Maxi" dial, characterized by larger hour markers and hands than earlier Submariners. This contributes to improved legibility, a critical consideration for military applications. The dial is usually black, contributing to its understated elegance.
* Calibre 1520 Movement: Powering the 5517 is the reliable and robust Calibre 1520 automatic movement, a 26-jewel mechanism known for its accuracy and longevity. This movement is a significant factor in the watch's overall performance and desirability.
* Stainless Steel Case: The case is constructed from robust stainless steel, designed to withstand the rigors of military service. The screw-down crown ensures water resistance, crucial for underwater operations.
Price Determinants: A Multifaceted Equation
The price of a Rolex Military Submariner 5517 is not fixed; it varies significantly depending on several factors:
* Condition: As with any vintage watch, the condition plays a pivotal role in determining its value. An immaculate, unpolished example with its original bracelet and accessories will command a significantly higher price than a watch showing signs of wear and tear. The presence of original box and papers further enhances value.
* Authenticity: The authentication of the watch is paramount. Given the rarity and desirability of the 5517, counterfeit examples exist. It's crucial to purchase from reputable dealers who can provide provenance and guarantee authenticity. Independent watchmakers specializing in Rolex authentication can also provide valuable insights.
* Engravings: As mentioned, the presence of military engravings significantly increases the value. The specific engravings can also influence the price, with certain unit markings being more desirable than others.
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