When valuing an inherited watch like a Rolex, it's key to understand both its...

https://sundial.csun.edu/219365/sundialbrandstudio/sundial-marketplace/that-watch-your-grandpa-left-you-might-be-worth-more-than-your-textbooks-combined/

When valuing an inherited watch like a Rolex, it's key to understand both its insurance value and resale value. Insurance value covers replacement costs, which can be higher than what you'd get selling it