In the context of buying and selling a Rolex, "" primarily refers to the original warranty card or certificate issued at the time of the initial sale . These documents act as the watch's "birth certificate," containing its unique serial number and model information. What "Papers" Include

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: Selling a Rolex without its original papers can reduce its value by 10–30% , depending on the model's demand.

: The most critical document. For modern Rolexes, this is a plastic card containing the model number, serial number, and date of purchase.