The Rolex Milsub, specifically the reference 5517, isn't just a watch; it's a legend shrouded in mystery and steeped in history. Its allure transcends mere timekeeping; it represents a piece of maritime history, a testament to Rolex's enduring legacy of rugged reliability, and a highly sought-after collectible commanding astronomical prices. Understanding the price of a Rolex Milsub 5517 requires delving into its unique history, the factors influencing its value, and the current market landscape. This article aims to provide a comprehensive overview, exploring the nuances that make this particular reference so desirable and expensive.
The Genesis of the Milsub: From Military Specifications to Collector's Item
Unlike the more widely known Submariner references, the Rolex 5517 wasn't born from a public marketing campaign. Its origins are steeped in secrecy, primarily serving as a tool watch for various military and naval forces. While Rolex never officially acknowledged its production, evidence points towards a significant number of 5517s being delivered to the British Ministry of Defence (MOD) during the late 1970s. This clandestine history adds considerably to its mystique and collector appeal.
The 5517 is distinguished from its civilian Submariner counterparts by several key features. Most notably, it boasts a distinct matte dial, often referred to as a "gilt" dial due to the slightly yellowed hue it develops over time. This dial lacked the luminous plots found on standard Submariners, instead featuring simpler, painted markers. The hands, too, were often simpler in design. These subtle differences, born from practical considerations – minimizing glare and maximizing legibility in low-light conditions – now contribute significantly to the watch's desirability. The case itself, typically made from stainless steel, exhibits the robust build expected from a military-specification timepiece.
By 1971, the Submariner line had already evolved, with the introduction of the ref. 5512 (COSC-certified) and ref. 5513 (non-chronometer), representing a more modern approach to the classic diver's watch. However, the 5517, with its unique features and military provenance, remained a separate entity, a testament to the specialized requirements of its intended users. It wasn't subject to the same marketing and production cycles as the commercially available Submariners, making its production numbers significantly lower and contributing to its rarity.
Factors Influencing the Rolex Milsub 5517 Price
The price of a Rolex Milsub 5517 is influenced by a complex interplay of factors:
* Rarity: The limited production numbers of the 5517 are paramount. Precise figures remain elusive, adding to the watch's mystique and driving up demand. The fewer examples available, the higher the price.
* Condition: As with any collectible, the condition of the watch significantly affects its value. An unpolished, original example with its original dial and hands will command a far higher price than a heavily serviced or restored piece. Even minor imperfections can impact value.
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