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Explorer · 1971 to 1984 · Discontinued · Vintage

Rolex Explorer II 1655

“Freccione / Steve McQueen”

67SCORE / 100
C+
Vintage grade C+: wear it, don't flip itToday's call · Watch
Short termunder 1 yearWeakMid term1 to 3 yearsFairLong term3+ yearsFair

Graded on the vintage scale: rank #15 of 26 rated vintage references

Retail (1973)$386
Typical sale today$25,600Typical range $23,300 to $28,000
Vs retail+6545%
1-yearn/a

Market range centered on the median of 7 recorded eBay sales in the last 12 months (thin data, treat as a guide). Vintage sales include serviced and redialed examples, so the best original pieces can sell above it.

Open in the interactive VaultLive eBay listings ↗︎

Market price history

20242026 $28,000

Median recorded eBay sale price for each quarter with 3 or more sales. Dashed line marks the 1973 retail price.

Investment scorecard

Momentum50Measured price direction: the median recorded sale of the last 4 months against the median of 8 to 12 months ago. 50 means flat; small samples are pulled toward 50.
Liquidity63How easily it sells: recorded sales in the last 12 months (300 or more scores 100) and eBay's 90-day sell-through rate.
Scarcity60Demand against supply. For modern pieces, how far the market sits above or below current retail, plus a lift if production has ended. For vintage, how rarely one comes up for sale.
Value entry50Where the latest quarter's median sale sits inside its own 3-year range. Buying near the low scores high; buying at the high scores low.
Condition safety64How safe a typical example is: the age of the design, plus how tightly sale prices cluster (a wide spread means condition and originality swing the price).

The story

The spelunker's watch with the giant orange arrow, nicknamed for Steve McQueen who never actually wore one. The myth priced itself in anyway.

A commercial flop in period, which is exactly why clean ones are rare now.

The orange-hand Explorer II that nobody bought in the 70s, allegedly worn by Steve McQueen (there's no photo; the nickname won anyway). Cave explorers were the target market, there were not many cave explorers.

Commercial failure then, grail now: the 'Freccione' (big arrow) is among the most recognizable vintage sports Rolexes, with five dial marks and a straight-hand early version that specialists pay up for.

Our verdict: Cult vintage with the best nickname economics in Rolex. Condition and originality are the entire game.

Configurations

Sizes39mm
Case & braceletOystersteel (stainless)
Factory braceletOyster
Factory bezelsFixed steel 24-hour
Notable dialsMatte black, big orange 24h hand
Caliber1575
Production1971 to 1984 (discontinued)

Recent recorded sales

SoldExamplePrice
Aug 27, 2026Pre-owned · eBay sale ↗︎$17,008
Aug 12, 2026Pre-owned · eBay sale ↗︎$25,649
Jun 14, 2026Pre-owned · eBay sale$28,200
May 7, 2026Pre-owned · eBay sale$15,800
Apr 6, 2026Pre-owned · eBay sale$28,000
Jan 27, 2026Pre-owned · eBay sale$17,000

Recorded eBay completed sales, logged at our last data refresh.

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Quick answers

How much is a Rolex Explorer II 1655 worth?

Recorded eBay sales from the last 12 months put the typical Rolex Explorer II 1655 at $25,600, with the middle half selling between $23,300 and $28,000 (7 sales). Condition, box and papers move the price within that range.

Is the Rolex Explorer II 1655 a good investment?

The Crown Index grades it C+ (67/100) from real resale data, and today's call is watch. Middle-of-the-pack resale; fine to own, not one to buy expecting it to rise. Past prices are not a forecast.