When valuing an inherited watch like a Rolex, it’s important to understand both...

https://www.cast-bookmarks.win/inheriting-a-rolex-or-other-fine-watch-comes-with-questions-about-its-insurance

When valuing an inherited watch like a Rolex, it’s important to understand both its insurance value and resale value. Insurance value tells you the replacement cost, but resale value reflects what you can realistically get if you sell it