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Old 15 July 2021, 01:54 AM   #1
samuel019
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Vet doing a first time request

Ok guys I’m asking for some help from my fellow members here. Please. Long story short I’m helping a close friend that has been offered a watch instead of the cash he owes him. Plain and simple. Doesn’t have the cash but has this. It’s watch only and these are my pictures. My case back opener didn’t have the right socket. Well I left it at home by mistake but I was able to remove the band etc

Weight feels good. All functions work. The hacking. The day. The date. Winding feels good. I personally don’t see any red flags but I don’t own a DD so I have nothing to compare.

Any help would be greatly appreciated





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Old 15 July 2021, 01:59 AM   #2
samuel019
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Few more pics guys.

Again any help would be greatly appreciated










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Old 15 July 2021, 04:30 AM   #3
Fredrik
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Even if it is real, it has a high chance of being stolen, otherwise the fellow owing him surely would have sold it already.
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Old 15 July 2021, 04:38 AM   #4
samuel019
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Originally Posted by Fredrik View Post
Even if it is real, it has a high chance of being stolen, otherwise the fellow owing him surely would have sold it already.
Right. The owner does have an offer from a jewelry store and he's using that as a negotiating tactic on the amount he owes.
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Old 15 July 2021, 04:49 AM   #5
77T
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I don’t see any red flags on the outside. You do need to open it for him or it’s not a full check.

I don’t know the circumstances - and we really don’t need to know here. What I’d mention is this: the trade of a watch for cash to discharge a debt should be valued at wholesale value.

Your friend and the debtor should just visit a pawn shop. If the debtor doesn’t accept the broker’s offer, your friend shouldn’t allow more.

If the pawn broker idea doesn’t work, then the debtor should send it to Rolex service center and have it overhauled (polishing or not is your friend’s choice). Then a couple of thousand over wholesale may be fair.

These two thoughts eliminate the risk of the DD being a stolen watch as someone already mentioned.

I know you’ve seen the old saying on TRF “buy the seller”…for this transaction, know the debtor and his provenance of this watch.


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Old 15 July 2021, 05:16 AM   #6
samuel019
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Quote:
Originally Posted by 77T View Post
I don’t see any red flags on the outside. You do need to open it for him or it’s not a full check.

I don’t know the circumstances - and we really don’t need to know here. What I’d mention is this: the trade of a watch for cash to discharge a debt should be valued at wholesale value.

Your friend and the debtor should just visit a pawn shop. If the debtor doesn’t accept the broker’s offer, your friend shouldn’t allow more.

If the pawn broker idea doesn’t work, then the debtor should send it to Rolex service center and have it overhauled (polishing or not is your friend’s choice). Then a couple of thousand over wholesale may be fair.

These two thoughts eliminate the risk of the DD being a stolen watch as someone already mentioned.

I know you’ve seen the old saying on TRF “buy the seller”…for this transaction, know the debtor and his provenance of this watch.


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Thanks Paul. Appreciate your feedback as always.

My post/call for help was only meant as does anyone see anything that would scream fake because I didnt. From my sig line and join date I've had quite a few Rolex's in my hand so I am no idiot but also far from an expert.

I've cautioned my friend on the pitfalls etc etc and servicing suggestions to which his reply was "Well do you even think its worth consideration?" Do you think its real?

Told him I do after spending a good amount of time with the watch minus opening it up. But I figured why not also ask more experienced minds if I can. I tell you if its the dreaded F word its a d*** good one. It weighed more then my SS SkyD as it should and functioned just like it should with the day and date settings.
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Old 15 July 2021, 08:00 AM   #7
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Quote:
Originally Posted by 77T View Post
I don’t see any red flags on the outside. You do need to open it for him or it’s not a full check.

I don’t know the circumstances - and we really don’t need to know here. What I’d mention is this: the trade of a watch for cash to discharge a debt should be valued at wholesale value.

Your friend and the debtor should just visit a pawn shop. If the debtor doesn’t accept the broker’s offer, your friend shouldn’t allow more.

If the pawn broker idea doesn’t work, then the debtor should send it to Rolex service center and have it overhauled (polishing or not is your friend’s choice). Then a couple of thousand over wholesale may be fair.

These two thoughts eliminate the risk of the DD being a stolen watch as someone already mentioned.

I know you’ve seen the old saying on TRF “buy the seller”…for this transaction, know the debtor and his provenance of this watch.


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+1

Watch looks legit but establishing provenance is important. I am sure your friend does not want the DD confiscated by RSC when a service may be needed down the road. Or be told the watch is stolen when trying to sell to cash out on the watch.
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Old 15 July 2021, 03:55 PM   #8
Fredrik
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Quote:
Originally Posted by samuel019 View Post
Right. The owner does have an offer from a jewelry store and he's using that as a negotiating tactic on the amount he owes.
I would never accept it myself. If the watch is worth more than he owes, your friend should just ask the owner to sell it to the jewelry store and give him the money. If it is less, it is just a partial payment. There is too much risk involved in my opinion.
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Old 18 July 2021, 11:51 PM   #9
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Quote:
Originally Posted by Fredrik View Post
I would never accept it myself. If the watch is worth more than he owes, your friend should just ask the owner to sell it to the jewelry store and give him the money. If it is less, it is just a partial payment. There is too much risk involved in my opinion.
exactly this. anytime someone owes you a significant amount of cash, it's almost NEVER a good idea to take anything from them, other than the cold, hard cash that they owe.

as Fredrik says, if it's legit and he's willing to part with the watch to pay off the debt, then HE can sell it to a jewelry store/private individual and use those proceeds to pay off his debt, it's just sound logic. otherwise, your friend might want to look into taking this guy to small claims court
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Old 19 July 2021, 01:10 AM   #10
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Watch looks ok.

There should be full invoicing and receipting if this is being accepted as a payment in lieu of cash, just in case any future recourse is needed.
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