Rolex Submariner 16610LV Kermit: a Complete Guide

Rolex Submariner 16610LV

Rolex Submariner 16610LV Kermit: a Complete Guide

The Rolex Submariner is arguably one of the most iconic watch models in the world.

All over the world, the Submariner is instantly recognized – even by people who are less knowledgeable about watches.

The Rolex Submariner has established itself as one of the most important and influential watch models in the world and has been the inspiration for many watches and watch brands in designing their own watches.

The Rolex Submariner is a watch with a long history, but unlike many watch brands, Rolex has a history of focusing more on evolution rather than revolution. This means that while the Rolex Submariner was launched several decades ago, the modern Rolex Submariner watch looks surprisingly alike its predecessors. Rolex changes its watches very little, but rather focuses on iterating its existing models, building upon them, and making subtle changes that improve them. 

Rolex Submariner 14060
Photo: @Bjoerlin76

The Submariner has also proven itself as one of the most timeless watch designs in the world. Despite the earlier models being many decades now, the demand for them is larger than ever. The timeless design of the Submariner makes it a unique classic that is simply a must-have in every watch collector’s collection.

It’s safe to say that the history of the Rolex Submariner is long and rich, and despite it having changed surprisingly little over the years, the Submariner has still undergone a number of changes – both visually and technically.

Rolex Submariner 114060

Despite the Rolex Submariner having evolved relatively little, and primarily had subtle design changes, one of the most notable changes to the Rolex Submariner was the addition of a green bezel.

How and why did Rolex introduce this Rolex Submariner?

That’s exactly what we’ll look at in this article.

We’re of course talking about the Rolex Submariner 16610LV, also known as the Kermit.

Rolex Submariner kermit

The Rolex Submariner 16610LV was released in 2003 with the release of a 50-year anniversary watch. This Submariner was released as an anniversary watch to celebrate 50 years of the Rolex Submariner which is the most important and iconic watch of the brand. The model wasn’t revolutionary, but what was distinct with the model was that it featured a Rolex green bezel, which is now an iconic and recognized color of Rolex, instantly associated with the brand.

The fact that Rolex introduced a green bezel for the 50th anniversary made sense, and the new color gave a completely new look to the Submariner. Other than that, the watch was identical to the black-beveled Rolex Submariner 16610 which had already been in production for several years.

The 1660LV featured the new ”Maxi dial”, which means that it has larger hour markers and fatter hands that improve the readability thanks to its enlarged applied indexes and fatter hands.

As such, the Submariner 16610LV was the first Submariner to feature Rolex’s now iconic Maxi dial which was originally seen on the Yacht-Master released in 1991. And thus, unlike what most people tend to believe, the only thing different with this watch is not just the color of the bezel.

Rolex Submariner 16610Rolex

This Maxi dial ties back with Rolex’s earlier vintage models and their dial set-ups, and is a nod to Rolex’s past, adding more historical importance to the 50th-anniversary Submariner.

According to many, the green bezel was a unique and daring update to the Submariner, as, despite the small change had a huge impact on the visual appearance. Some people absolutely detested the new look of the Submariner and thought that Rolex took a turn that was too daring, whereas other people loved the connection with Rolex’s iconic color for an anniversary timepiece.

Being a watch that is identical to the 16610, the watch featured the iconic Submariner case and was equipped with the 3135 caliber, a unidirectional rotating bezel, made in a corrosion-resistant 904L stainless steel. The movement has 31-jewels and beats at a 28,800 vph frequency, with a 50-hour power reserve.

Rolex Submariner 16610LV

The watch has a 300-meter water resistance like the other Submariner models simultaneously offered in the lineup. It features the trip-lock cron and a very hard sapphire crystal that doesn’t scratch as easily as plexi.

The Rolex Submariner Kermit wasn’t a huge success due to the fact that it split opinions, but over time, the interest in the watch has increased significantly due to its historical importance in Rolex’s history, and this has caused the price for these pieces to increase significantly on the secondhand market, especially since they are now discontinued.

There are two variations of the Rolex Submariner 16610LV that have a minimal differences. First, there is the original Kermit Submariner, and then there is the Kermit “Flat 4”. The small differences between them are widely discussed among collectors. Most people won’t notice the small difference, but on the Flat 4, the watch has a different font for the number 4 on the dial. The latter 1660LV watches have a four that makes a point on the inside of the 4, but the earlier feature a 4 where it meets with a flat line on the inside of the four.

Apart from this, the Submariner changed very little in its production run from 2003 to 2010.

Fat Four Rolex 16610LVRolex Submariner 16610 fat four

In 2007, another change came about to the 16610LV which was that Rolex added the ROLEXROLEXROLEXROLEX… laser engraving on the rehaut. Because the pre-engraved models were the earlier versions of the model, and are watches that have more vintage design features, the non-engraved versions tend to be the most popular and sought-after among collectors. 

These small variations are something that collectors tend to discuss a lot and affect the demand for these watches as well. Therefore, the flat 4 Kermit tends to be more sought-after, which thus naturally tends to affect the price.

When it comes to watches, it really is the details that make the difference.

What does ”LV” stand for?

LV in the reference 16610LV stands for “lunette verte”, which refers to the color of the bezel (vert meaning green and lunette meaning bezel).

Rolex adds the letters at the end of the reference numbers on watches that have other variations (such as color differences) to help differentiate between different models by their reference numbers.

For example, during the production of the 1660LV, Rolex also made the 16610LN, which referred to the color of the bezel being black.

Rolex Submariner 16610LV

Why the use of green?

At first thought, it feels as if the use of a green bezel isn’t the most natural choice on a watch. Especially not for a conservative brand like Rolex to use a bright and bold color as green, but as I’ve already touched briefly on already, there’s a good reason for the green bezel color used on the Submariner 16610LV.

Since the middle of the 20th century, Rolex has used that specific green color as part of its brand identity and its marketing, which makes sense because the color green symbolizes wealth, money, finances, banking, ambition, vision, and stability.  -All of the things that many people tend to associate (and Rolex wants people to associate) the brand with.

As a result, it makes sense that Rolex made a green Submariner as a celebration of the 50th anniversary.

The historic importance of this watch and the thought behind it is something that will affect the demand for the watch among collectors in the future, and make it a sought-after collector’s piece – which we’ve already seen signs of on the market today, with prices of the 16610LV continuingly increasing.

The end of the Rolex Submariner 16610LV production

At the beginning of the Rolex Submariner 16610LV production, there were plenty of discussions about whether or not the watch would be a limited edition timepiece, because the watch was part of Rolex’s standard lineup of Submariner watches, however, time would tell that the watch would only be in production for seven years – much shorter than its peer Submariners had been, as it was replaced by the 116610LV with a green bezel and an added green dial as opposed to black, and with a completely new case design.

This relatively short production period has resulted in the fact that there are relatively few 1660LV Submariners on the market, which we can expect to affect the price of these watches significantly in the future. 

When the watch was introduced, it wasn’t a huge hit, but after having been discontinued (and being so for many years now), the interest in the watch has increased, and now become a variant of the standard black submariner that has become increasingly desirable.

Rolex Kermit 16610LV Variants

If you have done your research, you know that there are a number of different variants and differences between 16610LV watches depending on when they were manufactured. The early models made until 2004 come with green leather boxes with box number 64.00.02 and included a holographic punched paper certificate, chronometer tag, swing tag, anchor, Rolex Submariner ‘cave diver’ booklet, Your Rolex Oyster booklet, translation booklet, green wallet and calendar card, and bezel protector (which is often retained by the retailer). These watches also have a green holographic Rolex case back sticker. The case backs have green holographic stickers.

From 2005 the 116610LVs came delivered in Rolex’s at-the-time new  ‘green wave’ box. Toward the end of the production, They came delivered with the red chronometer tag, green swing-tag Submariner booklet, service Mondial booklet, green wallet, and the new warranty card.

The bezels

The bezel of the Kermit is, as you understand, the most important element of the Kermit as this is what makes it unique.

But over the course of the watch’s production, Rolex has used a number of different bezels. The bezels are normally categorized into ‘Fat Four’ and ‘Pointed Four’.

The early far four bezels were only in production for a few months and can be found on watches with serial numbers up to F54.

There are five different bezels made for the Kermit during different times with slight differences which relates to color tone and font differences.

The first bezel insert is a Fat Four “Serifed” where the inside of the four in ‘40’ is squared at the top but all the numbers with internal angles have very sharp and pronounced serifs. The color is made in a slightly lighter color than the other bezels which would come to follow.

The second bezel insert is a  Fat Four “non-serif”. This bezel has the same characteristic shape as the top of the 4 but the difference is that all the numbers are printed without serifs.

The third insert features a pointed 4 with a thin font. It is called a “Soft 5” as the inner corners of the five in ‘50’ are slightly rounded. The 4 comes stretches to a narrow point and thus has acquired the nickname ”pointed four”.

The fourth bezel has a pointed 4  and “Square 5”. This is because, for this bezel, the internal corners of the five in ‘50’ are shaped as squares. 

The fifth and last bezel is a Pointed 4, “Soft 5”, the 4 has a narrow point, and the inner corners of the five in ‘50’ are gently rounded.

The cases

The cases: The production cases of the Kermit vary slightly. There is also a prototype case that was used when displaying the watch at Baselworld in 2003.

First case: At the official press release, Rolex used a different case for the Kermit. These cases featured drilled lugs. Only 6 are believed to have been made, but there is limited information and Rolex, as you know, is very secretive.

Second case: The first production LV’s featured the new ‘T’ case with solid lugs and the model number 16610T engraved between the lugs, with “T”. T stands for “Trou Borgne”, which means “blind hole”. It is important to note that the model number engraved on the case does NOT have the suffix LV. The serial number is engraved between the lugs at six o’clock in the traditional Rolex style.

Third case: In 2008 the serial number moves to the rehaut ring with the ‘Rolex Rolex Rolex’ engraving. The model number can be found engraved between the lugs at 12. The last examples use random serial numbers.

“The most valuable and sought after of the anniversary Subs are from the very first series produced in 2003, with serial numbers beginning with ‘Y’… ”

Rolex Kermit dials

Lastly, there are six known configurations of the dial.

Dial 1:

Identified in the following way:

  • Widely spaced ‘Oyster Perpetual Date’. The ‘R’ of Oyster sits between the legs of the ‘R’ in Rolex
  • Wide ‘Swiss Made’ with 5 shortened minute markers underneath its entire length

Dial 2:

Identified in the following way:

  • O in ”ROLEX” is oval
  • ‘Oyster Perpetual Date’ text has narrow spacing. The ‘R’ of ”Oyster” sits under the right leg of the ‘R’ in Rolex.
  • ”Swiss Made” printing with 5 shortened minute markers. 3 of the minute markers are underneath the text.

Dial 3:

Identified in the following way:

  • ”O” in Rolex is round
  • ”Oyster Perpetual” printing is narrow.  The ‘R’ of Oyster sits between the legs of the ‘R’ in Rolex.
  • ”Swiss Made” printing narrow with 5 shortened minute markers, 3 of which are underneath the text.

Dial 4: 

Identified in the following way:

  • Round ”O” in ”Rolex”
  • Narrow spaced ‘Oyster Perpetual Date’. The ‘R’ of Oyster sits between the legs of the ‘R’ in Rolex.
  • Narrow ‘Swiss Made’ with 3 shortened minute markers, 28 and 32 markers have been lengthened.

Dial 5:

Identified in the following way:

  • Round ”O” in ”Rolex”.
  • The text ”Officially” is spaced wider. The printing has a gap between it and ”Certified”.
  • ”Oyster Perpetual Date” print is narrow. The ”R” of Oyster sits between the legs of the ”R” in Rolex.
  • Narrow ”Swiss Made” print. It has 3 shortened minute markers, 28 and 32 markers have been lengthened. The Swiss made print is positioned between these lines.

Dial 6:

The last dial of the Rolex Kermit 16610LV is a service Dial.


Rolex Kermit Marks

The earliest Kermits begin with serial ‘Y94’. The serial then changed to F.  Among all Kermits, the ‘Fat Four’ with serial numbers which are below F54 is considered the rarest and collectible.

Mark I: Serial. Y94 to F54 

  • Case: C1
  • Dial: D1
  • Bezel: B1 or B2

Mark II: Serial Y94 to F54

  • Case: C1
  • Dial: D2
  • Bezel: B1 or B2

Mark III: Serial F55 to D4

  • Case: C1
  • Dial: D1
  • Bezel: B3 or B4

Mark IV: Serial F55 to D4

  • Case: C1
  • Dial: D2
  • Bezel: B3 or B4

Mark V: Serial D4 to M

  • Case: C1
  • Dial: D3
  • Bezel: B3 or B4

Mark VI: Serial D4 to M

  • Case: C1 
  • Dail: D4
  • Bezel: B4 or B5

Mark VII: Starting from the M series

  • Case: C2
  • Dial: D4
  • Bezel: B4 or B5

Mark VIII: From M series

  • Case: C2
  • Dial: D5
  • Bezel: B4 or B5

Mark IX: From M series

  • Case: C2
  • Dial: D2
  • Bezel: B4 or B5

26 thoughts on “Rolex Submariner 16610LV Kermit: a Complete Guide

  1. I’m really enthusiastic about the 16610LV and planning to buy my first Rolex at the end of this year. But I’m wondering, would it still be wise to buy a Kermit, for prices around 15-16k? Three year ago they where 50% that price.

    1. Hi,
      When it comes to the prices of Rolex watches, there’s really no point in looking back. Rolex prices have proven to continue to increase over the last decades and there is nothing that suggests that the opposite would happen. In fact, quite the opposite in recent times.

      Kind regards,
      Millenary Watches

  2. Hello, iis it possible that only the letter V appears on the warranty card instead of LV? Thanks

    1. Hi,
      Yes it is possible.
      Kind regards,
      Millenary Watches

  3. What is the version with z serial number and you have to take of the bracelet to get the serial number?

    1. Hi,
      On modern watches, the serial number is engraved at 6 o’clock right between the crystal and the dial. On older watches, the serial number is engraved on the case behind the bracelet at 6 o’clock.

      You can refer to our complete serial number guide here:

      Kind regards,
      Millenary Watches

  4. Hi, thanks for a great article. I have been offered a Y89xxxx watch but according to your article there is no chance that this is an ‘all original’ kermit, correct?

    1. Hi,
      Y-serial dates the year of production to approx 2002.
      The kermit was officially in production from 2003 – 2010.
      With that said, you need to bear in mind that the 16610 and 16610LV share the same case. Therefore, it’s not unlikely that Rolex just used the cases that were in their stock, already manufactured for the early 16610LVs. With this said, it’s not unlikely that this has happened, it just indicates that it is a very early example.

      Kind regards,
      Millenary Watches

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