For many collectors, seeing a refinished dial on a watch is the end of the inquiry . . . no interest in owning, at any price. (Of course, in some instances, this collector may buy the watch for parts or if he happens to have an original dial, to replace the refinished one.) Other collectors may be interested, but at a significantly reduced price.

If someone demanded that I give an estimate of the relative value of an average Heuer chrono that had a refinished dial, I would say something like 40% of the value of the same watch with the correct original dial. But this is a very rough guess. Personally, I am in the camp that views a watch with a refinished dial as a "parts watch", and I am generally not looking for such "projects". To me, it is as if the refinished dial can be thrown away, and then we start looking for an original dial to serve as the replacement. So there's not much value there, at least for me.

So how do others see it?

Jeff