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Old 20 September 2011, 01:01 PM   #1
mazakmustang
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Won A Rolex

I am a new member and wanting more information about the piece I won. It is a Daytona Ref#116509. It is the most amazing thing I have owned, my father has one as well as 10 others. I was told it is a rare watch and am wondering what makes it that way. Please leave any infromation you may know about it. Thanks
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Old 20 September 2011, 01:10 PM   #2
sleddog
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Pics and maybe a little more info on how you acquired it?
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Old 20 September 2011, 01:20 PM   #3
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Looks like its this style from what I found in a search
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Old 20 September 2011, 01:22 PM   #4
mazakmustang
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The piece was won at a charity car show. It was offered by a very well know jewlery shop in my area. It is a 40mm s/s Daytona Csmo w/blk dia srl#G18####. I go by the jewlers tomorrow to pick up the box and paperwork.

Last edited by sleddog; 20 September 2011 at 01:28 PM.. Reason: Edit serial number!
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Old 20 September 2011, 01:22 PM   #5
mazakmustang
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That is correct Rolex V3
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Old 20 September 2011, 01:23 PM   #6
MortgageGuy
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Congrats!!! I would edit your post above and remove the serial number except for the prefix letter

Looking forward to some pics, that is an amazing prize
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Old 20 September 2011, 09:38 PM   #7
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Originally Posted by mazakmustang View Post
The piece was won at a charity car show. It was offered by a very well know jewlery shop in my area. It is a 40mm s/s Daytona Csmo w/blk dia srl#G18####. I go by the jewlers tomorrow to pick up the box and paperwork.

Congrats

So is it a SS model (as stated above) or a Ref#116509 (18k white gold)?
Either way it's a score

Post some pics.
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Old 21 September 2011, 12:13 AM   #8
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Congrats

So is it a SS model (as stated above) or a Ref#116509 (18k white gold)?
Either way it's a score

Post some pics.
Yes, which is it please?
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Old 20 September 2011, 01:23 PM   #9
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Originally Posted by mazakmustang View Post
I am a new member and wanting more information about the piece I won. It is a Daytona Ref#116509. It is the most amazing thing I have owned, my father has one as well as 10 others. I was told it is a rare watch and am wondering what makes it that way. Please leave any infromation you may know about it. Thanks
You won this watch? Like in an auction or something? Great watch you have and if you google the ref # you will find loads of information about it. Enjoy!
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Old 20 September 2011, 01:25 PM   #10
mazakmustang
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Tickets were only $100 and I purchased 3 what luck
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Old 20 September 2011, 01:27 PM   #11
scarab007
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Tickets were only $100 and I purchased 3 what luck
Damn, awesome luck you have. You have a great watch and enjoy in good health.
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Old 20 September 2011, 01:28 PM   #12
mazakmustang
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Damn, awesome luck you have. You have a great watch and enjoy in good health.
Thanks
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Old 20 September 2011, 01:29 PM   #13
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Isn't that like a 30,000 watch?

Dang!!!
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Old 20 September 2011, 01:58 PM   #14
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That is the solid 18K white gold case and bracelet model Daytona. The do sell for around $25,000.

So you are one very lucky guy!!!!

Congrats
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Old 21 September 2011, 11:14 AM   #15
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[QUOTE=Lol-x;2749682]That is the solid 18K white gold case and bracelet model Daytona. The do sell for around $25,000.


And I was going to offer him $500. Thanks a lot!!
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Old 20 September 2011, 01:59 PM   #16
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Congrats!

Set aside the money for the taxes on it now!
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Old 20 September 2011, 03:03 PM   #17
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Congrats!

Set aside the money for the taxes on it now!
+1

The OP can count on a 1099 showing up in the mail sometime in January 2012

Congrats, you have some very good luck!
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Old 21 September 2011, 01:19 AM   #18
mazakmustang
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+1

The OP can count on a 1099 showing up in the mail sometime in January 2012

Congrats, you have some very good luck!
That is very correct, dont want to see that ever. Putting money aside now
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Old 20 September 2011, 02:01 PM   #19
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Congrats!! That's awesome!!
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Old 20 September 2011, 02:05 PM   #20
james89
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I think you should push your luck a bit and go buy a lottery ticket!!!

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Old 20 September 2011, 02:49 PM   #21
jatco
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What fabulous Luck.. For real...!!
Its a keeper, buddy... Enjoy..!
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Old 20 September 2011, 03:09 PM   #22
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Wow, a mustang won a rolex !
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Old 20 September 2011, 03:25 PM   #23
HACKNSACK44
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Congrats!!
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Old 20 September 2011, 03:27 PM   #24
Lol-x
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So you guys in the USA have to pay tax on prizes you win????

That's not the case in Australia, all prize winnings are not taxable unless you are a professional gambler or in the business of betting (e.g. professional horse race punter).
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Old 20 September 2011, 06:07 PM   #25
Cru Jones
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So you guys in the USA have to pay tax on prizes you win????


i believe so.....but, as OP did not win cash, but, rather, an item, i'm not sure if the taxable event is the receipt of the watch or the sale (when he would receive income).



anywho, big win!!
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Old 21 September 2011, 03:22 PM   #26
Watch Professor
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i believe so.....but, as OP did not win cash, but, rather, an item, i'm not sure if the taxable event is the receipt of the watch or the sale (when he would receive income).



anywho, big win!!
Yes, it is taxable.
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Old 21 September 2011, 03:21 AM   #27
EDT3
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So you guys in the USA have to pay tax on prizes you win????
Yep! Line 21 of Form 1040 as it falls under "Other Income". The IRS always wants it cut.
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Old 21 September 2011, 03:54 AM   #28
dsio
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Yep! Line 21 of Form 1040 as it falls under "Other Income". The IRS always wants it cut.
If you have a spare link after sizing, can't you just mail that off and be done with it?
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Old 21 September 2011, 03:47 PM   #29
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If you have a spare link after sizing, can't you just mail that off and be done with it?
taxes must be paid in cash
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Old 21 September 2011, 03:43 AM   #30
Danand
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So you guys in the USA have to pay tax on prizes you win????

That's not the case in Australia, all prize winnings are not taxable unless you are a professional gambler or in the business of betting (e.g. professional horse race punter).
Same in Canada. If you have the good fortune to win it it is yours, scot free as they say. (even if it is one of the huge 50 million dollar jackpots).
What a nice win. Even with the taxes you end up with a great watch for a good price.
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