By Carl Edmonds, Founder of Pocket Watch
The modern investment space is constantly changing and evolving. Complex investment approaches may suit some fiscal minded investors, but others may choose to invest in tangible items which hold their worth, or even appreciate in value over time.
With careful investment in property, artwork and accessories such as jewellery, individuals may be adding to their portfolio wisely. But what should those looking to invest consider as their next valuable asset? We suggest curating a pocket watch collection.
Reasons to invest in pocket watches
Many dedicated timepiece collectors will recognise the monetary value of investing in a Rolex or two, yet an underrated yet excellent investment is the definitive pocket watch. The quintessentially British watch style has seen a resurgence in recent popularity due to the fashion tides changing and modern men adding the accessory to their formalwear. So why invest in a pocket watch, an accessory that many take to be an heirloom of only sentimental value?
How to invest in watches
Those with an interest in high quality craftsmanship and history will no doubt be drawn to the vintage pocket watches. Thanks to the increase of popularity in pocket watches, buyers can now choose between investing in an antique model or opting for one of the more contemporary designs. When opting for the antique pocket watch route, a collector should consider more rare models due to the higher value it will hold over time. Everything from the manufacturer to the type of movement used within the pocket watch plays a part in determining whether or not your antique pocket watch is a good investment, and it is wise to consult with an expert before parting with a large sum.
Antique pocket watches will need careful maintenance and care, with an appropriate (original, if possible) storage box per item. When buying a pocket watch as an investment, be sure to consider the material the timepiece is made of, plus the year of production. For example, a solid gold pocket watch will be valued higher than stainless steel so it would be worth searching the secondhand pocket watch market for this particular material timepiece.
It’s all in the details
A pocket watch with a high value, and therefore worth investing in, will have a greater attention to detail in its design. Determine the value and authenticity of a watch by noting the adjustments, jewels and gears inside, plus the serial numbers or manufacturer numbers on its official papers or directly on the watch that can identify information. Research the brand and check prices – Longines, Elgin and Omega pocket watches are of higher value.
Older models of pocket watches tend not to have a waterproof feature, and as with many antique watch models, water damage can significantly impact both the working condition of the watch and the overall value. If you’re investing in a pocket watch piece for monetary value, antique models are a great choice but it is vital that they’re stored in the right way to prevent damage.
Whichever pocket watch chosen as a sound investment, take the time to get to know the wide range of models, materials, movements and types available before you make your investment decision. Creating a pocket watch collection is a unique investment opportunity with the potential to grow in value over time, or simply if you want to create a new family tradition in order to pass your timepieces on to younger generations.