Submariner Kermit

The Rolex Submariner “Kermit” debuted in 2003 to celebrate the Submariner’s 50th anniversary, introducing the now-iconic green aluminum bezel insert paired with a classic black dial. This model, known by its 16610LV reference, marked a major departure from the traditional all-black Submariner aesthetic, making it a sought-after piece for collectors interested in milestone editions and transitional models within the Submariner lineage.

Key details include the 40mm Oyster case and the Caliber 3135 automatic movement, both hallmarks of early 2000s Rolex sport watches. Early “Flat 4” bezel variants—where the ‘4’ in ‘40’ has a distinct flat top—command a premium over later “Pointed 4” inserts due to their scarcity and collector demand. The Kermit’s green bezel is prone to fading and scratching, so condition and originality of the insert are critical factors driving price.

When evaluating a 16610LV, focus on the bezel insert’s hue and font, the presence of original box and papers, and the state of the Oyster bracelet. Transition-year models from 2003-2004 with “Y” or “F” serials and early dial variants are especially desirable. The Kermit’s unique position as the first green Submariner, and its relatively short production run (2003–2010), ensure continued interest and value stability among collectors seeking a modern classic with genuine historical significance.