Buying chronograph watches means choosing from a huge range of options. From the Rolex Cosmograph Daytona to the Patek Philippe Chronograph 5070, watch buyers have a huge range of options. The Rolex Daytona takes pride of place in tonight's episode as Tim Mosso recounts his favorite chronographs for watch collectors with an eye towards value and rarity.

Launched in 2000, the Rolex Daytona "Daytona Beach" series was a collection of four white gold Daytona chronographs with colorful dials and lizard leather straps to match. The most exotic dial in the quartet was cut from green "chrysoprase" or "chrysophrase." Fundamentally a type of silica, the mineral gains its rich green hue due to the presence of nickel metal deposits in the stone.

This 40mm white gold Rolex Cosmograph included rich Roman numerals to match. Because all Rolex chrysoprase dials were cut from a natural material, no two watches were exactly alike. Of all the Rolex "Daytona Beach" models, the chrysoprase dial is the most valuable and the most sought by collectors of Rolex watches. This model is capable of anchoring a collection of Rolex watches, or it can serve as the basis upon which to build a complete set of the Rolex Daytona Beach set of green, blue, yellow, and pink dials.

Internally, the Rolex 116519 is identical to post-2000 examples of the famous Rolex chronograph. Caliber 4130 is an automatic winding chronograph movement with 72 hours of power reserve, a COSC Swiss chronometer certification, and a robust architecture designed from the outset for use in a rugged sports watch.

The chronograph functions are controlled by a tandem of a column wheel cycler and a vertical clutch. Hacking seconds permits setting of the watch to the second against a reference time. The Rolex Oyster case is water resistant to 100 meters, and this secures the manufacture caliber 4130 against water intrusion.

While the Rolex Daytona -- even in white gold -- caters to a mainstream audience, the Patek Philippe 5070 chronograph does not. Built from 1998 to 2010, the 42mm Patek 5070 is the choice of wealthy connoisseurs who understand the value of rarity and timeless style. Tim Mosso prefers the original yellow gold 5070J for its fearsome contrast of black dial and yellow gold case.

Patek Philippe declared that the 5070 could be constructed in roughly 250 copies per metal, per year. As a result, it is safe to assume that total 5070J production amounted to roughly 1,000 pieces during its four-year run. As with many modern classic Patek Philippe watches, the enduring style of the 5070J draws heavily on the design of a vintage watch design, the reference 2512.

Internally, the Patek Philippe employs the celebrated manual wind caliber CH 27-70. This Lemania 2310-based chronograph features a classic column wheel and lateral clutch combination. Its Geneva Seal finish speaks to the attention that Patek Philippe watchmakers lavished on each example. A large free-sprung balance beats at 18,000 vibrations per hour, and an overcoil hairspring formed by hand ensures regular running in any position.

Today, the white gold, rose gold, and platinum Patek Philippe 5070 variants are considered to be the most collectible, but Tim doesn't care. Given $75,000-$80,000, he would choose the yellow gold Patek 5070 every time.

All of this plus watch collector wrist shots will be featured in this episode of "Watches Tonight!"

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