A cheap Rolex replica is rated as Grade 5 (out of 5) or even lower. It is often the Chinese or Asian Rolex Replica. The poor quality is noticeable because it will feel and look cheap. It is okay to buy one of these watches, (they are very inexpensive, usually under $100 retail), but you would be well-advised to avoid paying a High Grade (1-4) price for a low Grade watch. Don