People, who have a lot of money, sometimes are unable to decide where to spend it. Therefore, they come up with new and different hobbies which allows them to spend their hard earned money. One such hobby that has started to become increasingly popular is the collecting of rare and expensive watches. It is becoming the world’s greatest pass time and many individuals are getting involved in the practice of buying and selling of rare watches. When you are about to sell or buy expensive and rare items, then it is important to know the grade and quality of that item. This is where watch grading comes in; it is a process with the help of which, a person can understand the condition of the specific item or watch, which will in turn help determine the price of the watch.
Why Grade Watches?
Watch grading may not be useful for an average consumer of watches because they usually buy watches once in a long time. However, when it comes to fond and avid collectors, they are willing to get their hands on whatever watch they wish to find. When this is the case, it is important for the buyer to make sure that the watch he is buying is right for the price. With the help of watch grading the buyer is able to determine the exact value and quality of the watch.
What Is Watch Grading?
Watch grading is simply a process which helps to determine the condition or grade of the watch. This process is normally used for watches that are collector’s items ,so that determining and finding their value becomes easier. When the whole process of watch grading takes place then there are a number of things that are brought under consideration in order to find the value of the item. The factors that are brought under consideration are interest factors, rarity, liquidity factors and quality.
There are quite a few grading systems that you can find which can help find the price and quality of your watch. You may think that watch grading is just another way to make money, but the truth is that it is very much necessary especially when you are buying and selling rare and expensive watches.
Watch Grading Scales
There was a time when you had to go and visit a professional grader in order to get your watch graded and appraised. However, now no one has got that much time to go to a professional grader. This is the reason why many companies have developed online grading scales which can help you grade your own watch, even at the convenience of your own home. One such grading scale is known as Antiquorum’s grading scale. This scale has the “A” in style of the Antiquorium’s logo indicating it is Exceptional. Then they have an AAA, AA, A and B grades overall. Additionally, they have a number scale that goes from 1-76. There is also, Time Zone’s Grading Scale which uses terms, Like New in Box, Mint, Near Mint, Excellent, Very Good, Good, Fair and Poor. Chrono24 uses a Grading Scale of 0, 1 , 2, 3, 4 and 5. Therefore, there are several different scales used to describe watches in the marketplace. Some can seem very complicated while others appear to be very simple. So, it’s best to use what ever you feel is best for your needs and familiarize yourself with it.
These were a few things that you should know about watch grading and its importance. With the help of these methods people can successfully determine and find out the value of their own watch.