Rolex Vault › All references › Submariner
Submariner · 2003 to 2010 · Discontinued
“Kermit”
Rank #21 of 113 rated pieces in the Rolex Vault
Market range: the middle half of 26 recorded eBay sales in the last 12 months.
Median recorded eBay sale price for each quarter with 3 or more sales. Dashed line marks the 2004 retail price.
The 50th-anniversary Sub with a green aluminum bezel over a black dial. Early 'Flat Four' bezel examples (flat-topped 4 on the 40 marker) are the ones collectors chase.
From $5,400 retail to a mid-teens market: a 3x return for anyone who kept the stickers on.
The 50th-anniversary Kermit: green aluminum bezel over a black dial, a combination Rolex had never tried. Early 'Flat Four' bezels, where the 4 in the 40-minute marker has a flat top, carry a clear premium.
It was mocked at launch in 2003 as a gimmick. Twenty years later it's the affordable entry to anniversary Subs and the Flat Four hunt is one of collecting's great cheap thrills: check the bezel before the seller does.
Our verdict: Anniversary pieces age beautifully. Verify the bezel insert is original before paying Flat Four money.
| Sizes | 40mm |
|---|---|
| Case & bracelet | Oystersteel (stainless) |
| Factory bracelet | Oyster |
| Factory bezels | Green aluminum (50th anniversary); 'Flat Four' bezels carry a large premium |
| Notable dials | Black |
| Caliber | 3135 |
| Production | 2003 to 2010 (discontinued) |
| Sold | Example | Price |
|---|---|---|
| Nov 3, 2026 | Pre-owned · eBay sale ↗︎ | $11,600 |
| Oct 1, 2026 | Pre-owned · eBay sale ↗︎ | $12,999 |
| Sep 29, 2026 | Pre-owned · eBay sale ↗︎ | $12,600 |
| Sep 23, 2026 | Pre-owned · eBay sale ↗︎ | $12,600 |
| Sep 13, 2026 | Pre-owned · eBay sale ↗︎ | $12,695 |
| Sep 11, 2026 | Pre-owned · eBay sale ↗︎ | $12,100 |
Recorded eBay completed sales, logged at our last data refresh.
Recorded eBay sales from the last 12 months put the typical Rolex Submariner Date 16610LV at $13,400, with the middle half selling between $12,600 and $15,000 (26 sales). Condition, box and papers move the price within that range.
Yes. The typical sale of $13,400 is about 148% above the $5,400 retail (2004).
The Crown Index grades it A+ (87/100) from real resale data, and today's call is wait for a dip. It holds its value well, but the market price is steep right now. Past prices are not a forecast.