This is an early D-serial Rolex Submariner 16618LB (2005) that sits in a very short production run where Rolex began engraving the “ROLEXROLEX” rehaut but still placed the serial number between the lugs. Estimates suggest fewer than 200 of these transitional pieces were produced, making them highly sought after by collectors. Key Highlights: • Early D-serial transitional model – double engraving (rehaut & between lugs) • Factory blue sunburst dial • 18k yellow gold case and Oyster bracelet (virtually no stretch) • Cal. 3135 automatic chronometer movement • Original, unpolished condition with crisp case lines and bezel • Full length bracelet with solid end links • Believed to be untouched since new, well preserved, and collector-grade The combination of its rarity, condition, and transitional production status makes this example stand out even among other 16618LBs. Market Perspective: • Mid-range private sale price: $37,000 – $39,000 • Dealer wholesale/trade-in: $29,000 – $32,000 • Realistic mid-range trade value with another collector: ~$36,000 Trade Interest: Would consider a straight trade or trade plus cash for a 40mm white gold Submariner, GMT-Master II, or Day-Date in excellent condition.