When valuing an inherited Rolex, it’s important to understand the difference...

https://melissazxlth.gumroad.com/p/why-does-a-common-rolex-reference-sell-for-less-than-i-expected

When valuing an inherited Rolex, it’s important to understand the difference between insurance value and resale value. Insurance value covers replacement cost, which is often higher than what you’d get selling