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garry180 · 17 February 2018, 09:33 PM

A business partner owes me money and recently went to pawn his rose gold Daytona to pay me back. The pawn shop offering 17,250USD for the watch below with no box or papers.

I have the option to take cash or watch? Which one should I go for? Condition looks mint.

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storm66 · 17 February 2018, 09:36 PM

Depends how much you need the money........ if you’re not desperate for the cash,go for the Daytona,it maybe something you wouldn’t normally buy!

HL65 · 17 February 2018, 09:37 PM

Take the cash and buy a watch you would have picked yourself if you actually even want a watch to begin with.

nick c · 17 February 2018, 09:41 PM

Quote:

Originally Posted by HL65

Take the cash and buy a watch you would have picked yourself if you actually even want a watch to begin with.

This^^

garry180 · 17 February 2018, 09:49 PM

Quote:

Originally Posted by nick c

This^^

Understand guys but do u think I can flip this for anything more than 17.5k?

I own a submariner date, milgauss go and ss Daytona black dial. I am tempted but perhaps not my first choice at the AD.

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lhawli · 17 February 2018, 09:50 PM

Cash! Unless you can sell it for more that what he was offered and more than we he owes you, then I would take the watch flip it, take my share and give him back the rest.

Sounds like a risky partner tho! Such a watch and is in a debt he can’t pay off.

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viper · 17 February 2018, 09:52 PM

Quote:

Originally Posted by HL65

Take the cash and buy a watch you would have picked yourself if you actually even want a watch to begin with.

Agreed!

fishingbear · 17 February 2018, 10:20 PM

Quote:

Originally Posted by hl65

take the cash and buy a watch you would have picked yourself if you actually even want a watch to begin with.

100%

Zakalwe · 17 February 2018, 10:29 PM

Watchfinder are selling them for 17-19k sterling. Clearly you’d need to shave a couple thousand or more selling to them but it still sounds like you ought to be able to flip for more than 17.5k US assuming the transaction is taking place in Blighty. I’d always bet on WF to offer a better price than a random pawnbroker. You could use their website to generate an estimate of what they would buy it off you for?

1William · 17 February 2018, 10:40 PM

It depends on what he owes you. With no box or papers I would be cautious. Send a few Trusted Sellers a note and see where you are. If they will do better, send them the watch. Your trade value will be much better than a cash out. Pick a watch or watches you want and trade. Better than a low sell.

BillA · 17 February 2018, 10:47 PM

Cash is King
Cash will always be King

enjoythemusic · 17 February 2018, 11:51 PM

Agree, first do you really want it knowing it is worth maybe 13 to 14k. Obviously he's trying to 'sell you' a Rolex at retail, when you should be thinking wholesale (14k). But FIRST, no box no papers means he needs to get it aauthenticated and you should call Rolex to see if it was stolen. A newish Rolex like that with no box or papers is ..... curious... and raises questions. It also lowers value.

If you choose watch, photocopy his ID, and have him sign a legal document saying the watch is his, to the best of his knowledge not stolen, etc. This way you have legal recourse against him in case of....

If you don't want the watch no matter the price, then cash.

Jmho.

rossi46 · 18 February 2018, 12:02 AM

No papers?

...I'd take the cash.

DoctorA · 18 February 2018, 12:05 AM

Take the cash. I don’t think you can get the $17k for it and it will be very hard to move

Danny83 · 18 February 2018, 12:07 AM

Take the cash and run

mjclark32 · 18 February 2018, 12:14 AM

Agree. No box. No papers. Maybe not even a watch you want. Take the cash

aquatimerfla · 18 February 2018, 12:16 AM

Quote:

Originally Posted by garry180

A business partner owes me money and recently went to pawn his rose gold Daytona to pay me back. The pawn shop offering 17,250USD for the watch below with no box or papers.

I have the option to take cash or watch? Which one should I go for? Condition looks mint.

Sent from my iPad using Tapatalk
</p>

Sent from my iPhone using Tapatalk[/QUOTE]

Shoot me if I ever partner with someone who needs to 'pawn' a watch to pay me back.

rdigate · 18 February 2018, 12:24 AM

As my daddy always said “son, you can always take a man’s cash but never take his Rolex!”. Just not good form. Well maybe he didn’t say that but take the cash anyway!!!

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Mystro · 18 February 2018, 12:34 AM

Tempting , but cash is king.

paltak · 18 February 2018, 12:34 AM

Highly doubt a pawnshop would offer $17,250, no papers. Maybe he wants you to take it for that amount. I'd take the cash.

Rick, after he calls in an expert, might offer $12k lol

AK797 · 18 February 2018, 12:35 AM

Take cash, this is not one thats very easy to sell.

twitch54 · 18 February 2018, 12:36 AM

Quote:

Originally Posted by hl65

take the cash and buy a watch you would have picked yourself if you actually even want a watch to begin with.

bingo !!

christopheran · 18 February 2018, 12:36 AM

Quote:

Originally Posted by rdigate

As my daddy always said “son, you can always take a man’s cash but never take his Rolex!”. Just not good form. Well maybe he didn’t say that but take the cash anyway!!!

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Hahah, too funny. I too, would take cash. Don’t like owning pieces without box/papers.

twitch54 · 18 February 2018, 12:37 AM

Quote:

Originally Posted by paltak

Highly doubt a pawnshop would offer $17,250, no papers. Maybe he wants you to take it for that amount. I'd take the cash.

Rick, after he calls in an expert, might offer $12k lol

exactly ........

~JJ · 18 February 2018, 12:38 AM

Cash is king. Plus, i would feel very awkward taking and wearing my partners watch, feels off. Also, why hassle trying to inch out a few more dollars for a piece without box and papers... could lose time and money.

minute_man · 18 February 2018, 12:39 AM

Take the cash while you still can. Just my

melrob1 · 18 February 2018, 12:48 AM

Seems like a lot for a Pawn Shop on this one but it is the UK. I’d take the money. If selling on your own you may be able to get 20ish but this wouldn’t be an easy one to sell with not much selling history and it’s not one everybody wants. If you sell to a re-sellers and it’s complete I’m guessing you will get 16-17. Take the green!

duc888 · 18 February 2018, 01:35 AM

Quote:

Originally Posted by HL65

Take the cash and buy a watch you would have picked yourself if you actually even want a watch to begin with.

Yes sir

Zeckman · 18 February 2018, 01:37 AM

Take the money and run!!

hbombkid · 18 February 2018, 01:41 AM

Cash is always king but here is what I would do.

Ask some trusted sellers how much they would take for it.

After you have that then you know the worth if it’s more than what he owes you go for it. I would not feel bad making more money especially since you are doing your homework.

If it’s lower then of course I would not do it and ask for cash.

Another option is If the value is there and you like the watch and don’t need cash then maybe take it wear it for a while then sell if necessary.

17 February 2018, 09:33 PM	#1
garry180 "TRF" Member Join Date: Mar 2008 Location: London Posts: 13	Should I take the Daytona or cash? A business partner owes me money and recently went to pawn his rose gold Daytona to pay me back. The pawn shop offering 17,250USD for the watch below with no box or papers. I have the option to take cash or watch? Which one should I go for? Condition looks mint. Sent from my iPad using Tapatalk </p>[/quote] Sent from my iPhone using Tapatalk

17 February 2018, 09:37 PM	#3
HL65 TRF Moderator & 2024 SubLV41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,011	Take the cash and buy a watch you would have picked yourself if you actually even want a watch to begin with. __________________ *SPEM SUCCESSUS ALIT*

17 February 2018, 09:50 PM	#6
lhawli "TRF" Member Join Date: Dec 2009 Location: Montreal, QC Posts: 1,256	Should I take the Daytona or cash? Cash! Unless you can sell it for more that what he was offered and more than we he owes you, then I would take the watch flip it, take my share and give him back the rest. Sounds like a risky partner tho! Such a watch and is in a debt he can’t pay off. Sent from my iPhone using Tapatalk Pro __________________ AP Royal Oak [15400ST.01] Rolex DateJust 41 [126334] Rolex Submariner Date [116610LV] Rolex GMT Master II [116710BLNR] Rolex Cosmograph Daytona [116500LN]

17 February 2018, 11:51 PM	#12
enjoythemusic 2024 Pledge Member Join Date: Nov 2012 Real Name: Steven Location: Glocal Posts: 21,202	Agree, first do you really want it knowing it is worth maybe 13 to 14k. Obviously he's trying to 'sell you' a Rolex at retail, when you should be thinking wholesale (14k). But FIRST, no box no papers means he needs to get it aauthenticated and you should call Rolex to see if it was stolen. A newish Rolex like that with no box or papers is ..... curious... and raises questions. It also lowers value. If you choose watch, photocopy his ID, and have him sign a legal document saying the watch is his, to the best of his knowledge not stolen, etc. This way you have legal recourse against him in case of.... If you don't want the watch no matter the price, then cash. Jmho. __________________ __________________ ----> Was Great Seeing Everyone At The TRF December 9 Tampa Meetup <---- https://www.rolexforums.com/showthread.php?t=968133 Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory.

18 February 2018, 12:02 AM	#13
rossi46 2024 Pledge Member Join Date: May 2008 Real Name: Dan Location: CT, by a lake Watch: 16570 Posts: 1,544	No papers? ...I'd take the cash. __________________ A watch is about the entire package, not just its appearance. Any large watch company not making its own movement is not making a watch at all; they’re just playing dress-up. --The Watch Snob

17 February 2018, 09:36 PM	#2
storm66 "TRF" Member Join Date: Jan 2008 Location: london Posts: 842	Depends how much you need the money........ if you’re not desperate for the cash,go for the Daytona,it maybe something you wouldn’t normally buy!

17 February 2018, 10:29 PM	#9
Zakalwe "TRF" Member Join Date: Jun 2017 Real Name: Sal Location: London Posts: 2,496	Watchfinder are selling them for 17-19k sterling. Clearly you’d need to shave a couple thousand or more selling to them but it still sounds like you ought to be able to flip for more than 17.5k US assuming the transaction is taking place in Blighty. I’d always bet on WF to offer a better price than a random pawnbroker. You could use their website to generate an estimate of what they would buy it off you for?

17 February 2018, 10:40 PM	#10
1William 2024 SubLV41 Pledge Member Join Date: Nov 2010 Location: North Carolina Watch: Rolex/Others Posts: 47,801	It depends on what he owes you. With no box or papers I would be cautious. Send a few Trusted Sellers a note and see where you are. If they will do better, send them the watch. Your trade value will be much better than a cash out. Pick a watch or watches you want and trade. Better than a low sell.

17 February 2018, 10:47 PM	#11
BillA 2024 Pledge Member Join Date: Mar 2007 Location: US Posts: 3,882	Cash is King Cash will always be King

18 February 2018, 12:05 AM	#14
DoctorA "TRF" Member Join Date: Oct 2017 Location: USA Posts: 6,545	Take the cash. I don’t think you can get the $17k for it and it will be very hard to move __________________ Wear the watch you like, not the one they tell you to wear!

18 February 2018, 12:07 AM	#15
Danny83 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2013 Real Name: Danny Location: Bay Area CA Watch: Yellow Gold Posts: 20,314	Take the cash and run

18 February 2018, 12:14 AM	#16
mjclark32 "TRF" Member Join Date: Mar 2010 Real Name: MJC Location: PHL USA Watch: IWC, Rolex, AP Posts: 29,232	Agree. No box. No papers. Maybe not even a watch you want. Take the cash __________________

18 February 2018, 12:24 AM	#18
rdigate "TRF" Member Join Date: Jun 2017 Location: Forest Hills NY Posts: 204	As my daddy always said “son, you can always take a man’s cash but never take his Rolex!”. Just not good form. Well maybe he didn’t say that but take the cash anyway!!! Sent from my iPhone using Tapatalk Pro

18 February 2018, 12:34 AM	#19
Mystro 2024 SubLV41 Pledge Member Join Date: Dec 2009 Real Name: The Mystro ;) Location: Central Pa. Posts: 15,517	Tempting , but cash is king. __________________

18 February 2018, 12:34 AM	#20
paltak "TRF" Member Join Date: Apr 2011 Real Name: Bob Location: IL Posts: 825	Highly doubt a pawnshop would offer $17,250, no papers. Maybe he wants you to take it for that amount. I'd take the cash. Rick, after he calls in an expert, might offer $12k lol

18 February 2018, 12:35 AM	#21
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,369	Take cash, this is not one thats very easy to sell.

18 February 2018, 12:38 AM	#25
~JJ "TRF" Member Join Date: Feb 2012 Location: Chicago Watch: explorer Posts: 2,292	Cash is king. Plus, i would feel very awkward taking and wearing my partners watch, feels off. Also, why hassle trying to inch out a few more dollars for a piece without box and papers... could lose time and money.

18 February 2018, 12:39 AM	#26
minute_man 2024 Pledge Member Join Date: Aug 2015 Real Name: Basil Location: Athens, GR Watch: BoctokKomandirskie Posts: 2,881	Take the cash while you still can. Just my

18 February 2018, 12:48 AM	#27
melrob1 "TRF" Member Join Date: Jun 2013 Location: Colorado Posts: 968	Seems like a lot for a Pawn Shop on this one but it is the UK. I’d take the money. If selling on your own you may be able to get 20ish but this wouldn’t be an easy one to sell with not much selling history and it’s not one everybody wants. If you sell to a re-sellers and it’s complete I’m guessing you will get 16-17. Take the green!

18 February 2018, 01:37 AM	#29
Zeckman "TRF" Member Join Date: Nov 2010 Location: Coruna Posts: 89	Take the money and run!!

18 February 2018, 01:41 AM	#30
hbombkid "TRF" Member Join Date: Apr 2014 Location: VA Watch: Sub 116610 Posts: 1,082	Cash is always king but here is what I would do. Ask some trusted sellers how much they would take for it. After you have that then you know the worth if it’s more than what he owes you go for it. I would not feel bad making more money especially since you are doing your homework. If it’s lower then of course I would not do it and ask for cash. Another option is If the value is there and you like the watch and don’t need cash then maybe take it wear it for a while then sell if necessary.

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