Values & guides
The value questions buyers actually ask about the steel Sub, and the honest numbers behind each.
<p><b>Date or no-date — which holds value better?</b><br>The no-date 124060 trades a little under the date 126610LN at retail, but on the secondary market the ceramic no-date has closed much of the gap. Its cleaner dial pulls from both dress and tool buyers, and either version protects capital better than most steel sports watches of the same age. On a five-year view the spread between the two barely matters, since both track the wider steel-sports index more than they track each other.</p><p><b>Is the older 116610LN worth chasing over the current 41mm?</b><br>The 40mm 116610LN, produced from 2010 to 2020, was the last of the pre-124060 generation and the so-called maxi case. It firmed up fast once discontinued, then softened with the wider market. A clean example with box and papers now often matches or slightly trails a used 126610LN, so buy on condition and completeness rather than on age alone. Watch for relumed dials and swapped bezel inserts, since a service-replaced part quietly trims what the watch brings.</p><p><b>Does a green Submariner still command a premium?</b><br>The 116610LV Hulk and the 126610LV green-bezel both sit above standard black, though both came well off their 2022 highs. The full-green Hulk keeps the strongest collector pull and the firmest resale of the pair. Older still, the 16610LV Kermit trades on its own vintage curve and rewards originality over shine.</p><p><b>Will I actually lose money buying one now?</b><br>Possibly, in the short term — steel sports Rolex has drifted down from the 2022 spike and hasn't found a hard bottom. Over a five-year hold a Submariner has historically held capital better than most alternatives, but treat any twelve-month flip as a coin toss. The Sub is the most liquid steel Rolex there is, which cuts both ways: easy to sell, and easy for the market to reprice fast.</p>