A Collector’s Green Jewel
Few watches have left an imprint on modern watch collecting like the Rolex Submariner 16610LV, affectionately known as the “Kermit.” Introduced in 2003 to celebrate the 50th anniversary of the Submariner, this model blended classic Submariner DNA with a striking green aluminum bezel, creating an instant icon. Although it was replaced by the 116610LV “Hulk” in 2010, the Kermit’s unique place in Rolex history, coupled with its rising market demand, makes it a top-tier investment watch. In this review, we apply the Watch Investment Potential Score (WIPS) to determine its standing as a collectible timepiece.
Rolex Submariner 16610LV – Watch Overview
- Brand/Model/Reference: Rolex Submariner 16610LV “Kermit”
- Price (Market Estimate): $15,000–$25,000 (varies by condition)
- Production Status: Discontinued (2003–2010)
- Condition & Completeness: Pre-owned, often with varying degrees of wear; Box & Papers highly valued
- Movement/Complications: Caliber 3135, Automatic, Time & Date, 48-hour power reserve
- Extra Notes: First Rolex Submariner with a green bezel; introduced for the 50th anniversary of the model
WIPS Evaluation: Rolex Submariner 16610LV
| Category | Score | Explanation |
|---|---|---|
| Brand Heritage & Recognition | 10 | Rolex’s dominance in luxury watches ensures high desirability. |
| Rarity & Limited Production | 8 | Not a numbered limited edition, but discontinued and in demand. |
| Market Demand & Resale Liquidity | 10 | Highly liquid with strong secondary market demand. |
| Condition & Completeness | 7 | Condition varies; full set (box/papers) commands premiums. |
| Historical or Collectible Significance | 9 | 50th-anniversary edition, first green Submariner bezel. |
| Technical Complexity & Innovation | 7 | Reliable but standard Rolex movement (Caliber 3135). |
| Long-Term Value Appreciation | 9 | Steady appreciation; discontinued status fuels collectibility. |
| Total WIPS Score | 60 | Strong Candidate for long-term investment. |
Investment Potential & Market Insights
The Rolex Submariner 16610LV “Kermit” is a collector-favorite for good reason. Its blend of history, aesthetics, and exclusivity ensures that demand remains high. While it doesn’t have a numbered limited production, its seven-year run and discontinuation have created scarcity, making well-preserved examples highly valuable.
Key Investment Considerations:
- Full Set Matters: Prices are significantly higher for examples with original box and papers.
- Condition Sensitivity: Scratched or faded bezels can impact value, but some aging is desirable to vintage collectors.
- Market Performance: Prices have risen steadily over the past 5–10 years, reflecting strong investor confidence in the model.
Final Verdict: Should You Invest in the Kermit?
With a WIPS score of 60, the Rolex Submariner 16610LV “Kermit” ranks as a strong candidate for long-term investment. It’s a grail piece for many collectors, thanks to its historical significance, unique aesthetics, and enduring demand. While prices are already high, the market still has room for appreciation, especially for mint-condition pieces with full documentation. If you’re looking to invest in a Rolex sports model with a proven track record, the Kermit is an excellent choice.
Would you invest in the Rolex Kermit, or do you prefer another Rolex classic? Let us know in the comments!
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