pawn shop & Rolex

[Jan Davis]

Originally Posted by pawnshopkiller

Las Vegas, You should have known better than to look for any kind of a deal there. They are just waiting for the next slot winner who didn't have to work for the money or the next guy who's gonna bet his pants. You can't bet your watch at the casino.--------

If you read my post correctly, I said I was curious and never spoke about looking to buy, I would never buy from a pawn shop only a Rolex AD. Pawn shops are not the place to buy a Rolex unless you are naive and willing to spend top dollar for a Rolex with no guarantee. A Rolex AD has guarantee in writing with a warranty on the watch.
On the other hand, TRF has some embedded internet sellers who are top notch sellers like Steve M and I would not think twice from buying a used Rolex from Steve M, his reputation is 100% positive on all the watch forums, I like his Rolex watches, & he is super smart.

[pawnshopkiller]

Originally Posted by Jan Davis

If you read my post correctly, I said I was curious and never spoke about looking to buy, I would never buy from a pawn shop only a Rolex AD. Pawn shops are not the place to buy a Rolex unless you are naive and willing to spend top dollar for a Rolex with no guarantee. A Rolex AD has guarantee in writing with a warranty on the watch.
On the other hand, TRF has some embedded internet sellers who are top notch sellers like Steve M and I would not think twice from buying a used Rolex from Steve M, his reputation is 100% positive on all the watch forums, I like his Rolex watches, & he is super smart.

Well I've noticed you always have something negative to say buy you constantly suck up to the people who sell here. Really funny how you try and flame a whole industry. There are crooked overpriced jewelers just like there are crooked overpriced Pawnbrokers just like there are crooked part swapping vintage Rolex dealers. Don't blast Pawn shops as from your post you obviously don't have much experience dealing with one. Oh yeah and a lot of so called High end vintage Rolex dealers and Jewelers are just back door Pawn brokers in disguise.

[Jan Davis]

Originally Posted by pawnshopkiller

Well I've noticed you always have something negative to say buy you constantly suck up to the people who sell here. Really funny how you try and flame a whole industry. There are crooked overpriced jewelers just like there are crooked overpriced Pawnbrokers just like there are crooked part swapping vintage Rolex dealers. Don't blast Pawn shops as from your post you obviously don't have much experience dealing with one. Oh yeah and a lot of so called High end vintage Rolex dealers and Jewelers are just back door Pawn brokers in disguise.

So why are you not selling on TRF? (I know the answer to this question)

My expertise is way beyond what you give me credit for.

I love to suck up to the sellers here on TRF, and I am not friends with any of them, I just know they are really great business people.

I know that Steve M is one of the best in the watch business, he is one of the most knowledgeable in the Rolex vintage stuff. Steve M is expensive however you are buying his: expertise, name, reputation, and a great watch, and that is the most important thing when dealing with Rolex watches.

For the newer Rolex watches you cannot beat: Bodybump, Mosco, DavidSW, Justrolexis, Greekbum.

The sellers that I mentioned are solid TRF members that have countless transactions without any problems. Anyone who is totally naive about Rolex watches can count on any of these honest sellers to give them a great Rolex watch without any worries at all.

[wrxsti]

buy from here from a trusted seller, best price period.

[TempoKing]

Originally Posted by wrxsti

buy from here from a trusted seller, best price period.

I fully agree with the first part of your response
But not with the second

"Best price" for a Rolex at TRF rapidly is becoming impossible to get.
Many here are Rolex watch dealers that are bombarding the members
with full retail prices...and sometimes my lower jaw drops when I see
the "extraterestrial" demands for just a plain average watch... not at all "collectible".

I can see you making a couple of hundred for your "trouble"
and I am all for it...but not the case here, I detect greed and
arrogance with their firm price banners as if they are selling
"Manna" and not just an average used watch - maybe they think we were
born yesterday and not at all privy to "real" prices.
and do you know what is worse..?
Some of the GREEDY sellers among us - do not ever join the
Rolex Forum general discussion, never give advice, never have an
opinion...they do not even have humour - just ghosts - interested
only to make a buck...and never horologically inspired to learn or to teach
or share in a chat.

I would be very careful before paying an unethically high price
no matter who the seller is.

[Wolfgang427]

Originally Posted by TempoKing

I fully agree with the first part of your response
But not with the second

"Best price" for a Rolex at TRF rapidly is becoming impossible to get.
Many here are Rolex watch dealers that are bombarding the members
with full retail prices...and sometimes my lower jaw drops when I see
the "extraterestrial" demands for just a plain average watch... not at all "collectible".

I can see you making a couple of hundred for your "trouble"
and I am all for it...but not the case here, I detect greed and
arrogance with their firm price banners as if they are selling
"Manna" and not just an average used watch - maybe they think we were
born yesterday and not at all privy to "real" prices.
and do you know what is worse..?
Some of the GREEDY sellers among us - do not ever join the
Rolex Forum general discussion, never give advice, never have an
opinion...they do not even have humour - just ghosts - interested
only to make a buck...and never horologically inspired to learn or to teach
or share in a chat.

I would be very careful before paying an unethically high price
no matter who the seller is.

Agree with A, buy here, but do your homework first and don't end up paying more then you should...

[greekbum]

Originally Posted by TempoKing

Some of the GREEDY sellers among us - do not ever join the
Rolex Forum general discussion, never give advice, never have an
opinion...they do not even have humour - just ghosts - interested
only to make a buck...and never horologically inspired to learn or to teach
or share in a chat. [/B]
[/COLOR][/B]

IMHO Some are here for 100% business only. They don't give advise, opinions, or anything else.Some with 1000's of posts and over 95% of their posts are in the for sale section only.

[Paulie 50]

Originally Posted by TempoKing

I fully agree with the first part of your response
But not with the second

"Best price" for a Rolex at TRF rapidly is becoming impossible to get.
Many here are Rolex watch dealers that are bombarding the members
with full retail prices...and sometimes my lower jaw drops when I see
the "extraterestrial" demands for just a plain average watch... not at all "collectible".

I can see you making a couple of hundred for your "trouble"
and I am all for it...but not the case here, I detect greed and
arrogance with their firm price banners as if they are selling
"Manna" and not just an average used watch - maybe they think we were
born yesterday and not at all privy to "real" prices.
and do you know what is worse..?
Some of the GREEDY sellers among us - do not ever join the
Rolex Forum general discussion, never give advice, never have an
opinion...they do not even have humour - just ghosts - interested
only to make a buck...and never horologically inspired to learn or to teach
or share in a chat.

I would be very careful before paying an unethically high price
no matter who the seller is.

Have to agree, i have had my eye's opened looking at some of the prices.
I now look to the left to see if their Avitar is a " Cocked Hat and Pistols ".

[Oldwilsonian]

Originally Posted by TempoKing

I fully agree with the first part of your response
But not with the second

"Best price" for a Rolex at TRF rapidly is becoming impossible to get.
Many here are Rolex watch dealers that are bombarding the members
with full retail prices...and sometimes my lower jaw drops when I see
the "extraterestrial" demands for just a plain average watch... not at all "collectible".

I can see you making a couple of hundred for your "trouble"
and I am all for it...but not the case here, I detect greed and
arrogance with their firm price banners as if they are selling
"Manna" and not just an average used watch - maybe they think we were
born yesterday and not at all privy to "real" prices.
and do you know what is worse..?
Some of the GREEDY sellers among us - do not ever join the
Rolex Forum general discussion, never give advice, never have an
opinion...they do not even have humour - just ghosts - interested
only to make a buck...and never horologically inspired to learn or to teach
or share in a chat.

I would be very careful before paying an unethically high price
no matter who the seller is.

Have to agree, especially with regard to obtaining " best price on a Rolex from TRF Sellers" - evidently not always the case - been observing 3 watches (from 3 different v. reputable sellers)over the course of this month - all 3 continually getting "bumped" - obviously the 'market place' is speaking....

[pawnshopkiller]

yeah. Like I said.

[wdalew5]

Pawn shops are just like every other profession. Some good,some bad. As a whole, I enjoy pawn shops . I have found some nice hard to find guitars at decent prices. The best thing about the local pawn shops here in Dayton, is that they don't push anything in a hurry on you, and are always willing to have a cup of coffee with you unless other customers are in the store....just my personal experience..

[Ticking Away]

Careful, it could be a "dead man's rolex" with a lust for blood...

[patek97]

pawn shops are great i found an old patek phillipe there a long while back and pick it up for a great price,the guy figured it was to old to be worth anything,i just was very lucky or he was an idiot,anyway it was an 1950 18k gold patek
calatrava #2508 ,there are still good finds in pawn shops.

[pawnshopkiller]

Depends. When people are loyal customers and pawn and redeem, pawn and redeem over and over again we will usually increase their loan amount because we know they are more likely to return than not. In cases like this if for some reason they don't return we are happy to just get our money back out of the watch (we make our money off of repeat customers and the finance charges they pay for borrowing money not by defaulting their property if their a day late like some shops try and do). I have seen people come and borrow a small amount on a watch and never return, never call or make any attempt at trying to redeem their watch, in this case we would just research the current market and price accordingly but of course cash is king and we will discount for it. I guess there is no guideline across the board but if you bring me a watch that's trading for ten thousand I would be happy to loan you five maybe up to seven if your a return customer with a good redemption history. Of course this only applies to Rolex and gold / platinum, nothing else is as liquid.

[eah990]

buying from a pawn shop makes me nervouse

[PeteNYC13]

Originally Posted by eah990

buying from a pawn shop makes me nervouse

__________________________________________________ ____________

While it may not be my #1 choice, I think I would be more comfortable with a Pawn shop that has been around for years and has a good reputation than I would be from a name on the internet. Now, this does exclude the Name Brand sellers on here that we all agree are fantastic, but I am also talking about a legit Pawn shop.
I like to be able to walk into the store if there is an issue... on the internet, they just change IP and screen name and you are SOL.

Just my two cents.


-Pete

[Omega 1120]

When I first read this post I was thinking it might be alright to buy a Rolex from a pawn shop as long as I could see the movement.

I didn't think about fake cases or bracelets.

I think I have changed my position.

I think buying from a pawn shop would also make me nervous.

[Jan Davis]

Originally Posted by Omega 1120

When I first read this post I was thinking it might be alright to buy a Rolex from a pawn shop as long as I could see the movement.

I didn't think about fake cases or bracelets.

I think I have changed my position.

I think buying from a pawn shop would also make me nervous.

An prime example of switching parts is the bracelet end pieces, authentic Rolex end pieces can run into the hundreds of dollars. A fake end piece may only cost a couple of dollars. That alone can make a hardship on someone who thinks they got a authentic Rolex watch. The authentic end pieces can be sold on Ebay for some quick cash and the person selling the watch has made a lot more money on the watch by using fake parts. I have seen this type of situation over and over again. That is why you need to have a seller with a excellent extensive client selling base, one who has been on the watch forums for years, who is trustworthy and will be there after the sale also.

[cyglee]

I suppose it really can be summarized as to who you are dealing with. I am sure there are pawnshops with integrity that provide a service and fair business to their customers. As with any profession, there are those who are driven by the fast dollar and think success is taking advantage of people. Sad, but it is too common these days.

[TimothyNelson]

The pawn shop here has a 7-day cash back/30 exchange policy except on power tools and video games. The YM I spoke of earlier, sold for the $5300 - Right before Memorial Day weekend. And was returned the following week. Either the buyer got yelled at by his old lady or he wore it to impress his friends. It since sold again to someone else for $4500 cash.

[TimothyNelson]

Regarding another piece, an Air-King. Fella bought it and returned same day. Went to a AD and bought a new model. Why people do certain things they do amaze me - To each their own!

[greekbum]

I buy a lot of watches from pawn shops. I know what I am looking at etc. I will tell you during my routine checks to see what they have that there is a lot of fakes in their cases and when I point it out they say o well somebody will buy it. 1 chain has so many franken fakes it amazes me. Every store is different and there are some good deals. When buying at a pawn shop its no different than any place else selling used items you have to know what you are looking at or go buy from a seller that does and stands behind it. Most pawn shop owners know what they have and are on ebay forums etc researching current prices etc.

[Onikage]

Originally Posted by greekbum

I buy a lot of watches from pawn shops. I know what I am looking at etc. I will tell you during my routine checks to see what they have that there is a lot of fakes in their cases and when I point it out they say o well somebody will buy it. 1 chain has so many franken fakes it amazes me. Every store is different and there are some good deals. When buying at a pawn shop its no different than any place else selling used items you have to know what you are looking at or go buy from a seller that does and stands behind it. Most pawn shop owners know what they have and are on ebay forums etc researching current prices etc.

Similar to selling cubic zirconia as diamonds and gold plated silver as solid gold. Preposterous!

[TimothyNelson]

I don't know about all pawn shops, but the one I visit occasionally won't take in anything fake. Gold plated, non-genuine Rolex, etc, they send 'em out the door. I've seen it. They are the "biggest" chain in the state and are all over. And, if something happens to be fake by some chance, it's returnable, even beyond their return policy.

[GFEAR]

that price isnt that good, i just sold a new unworn no date for 3650, you can get that watch for less, a good but less if you look, and have some protection too.

[TimothyNelson]

The shop I visit has a 18k DD President that came out... but by the time I got there the owner came back in and put it back in hawk. Around $7000 if it comes out!

[chestercopperpot]

im wary of buying at pawn shops....wish i could come across a patek though! wow!

[LTM]

In my general experience with Pawn shops, they overprice their merchandise, especially Rolex watches, regardless of condition.

[TimothyNelson]

They buy low, sell high as you'd expect. But, if you come in with cash, they are much likely to drop their price. One Rolex they had in, in the case the owner did a $700 dollar loan on it. That's the amount he wanted with intent to pick up. Ended up not being able to pay the interest/pick-up... came out. It sold for about $2700... online the same piece sells for 3000+

Would it have been nice if they priced it at a "steal" since they ended up getting into it for not much money? Yes. But, I have a suspicion very few if any dealer/seller would do that. It's a business. It's worth what it's worth and what someone will pay for it.

[rolexpawn]

Originally Posted by TimothyNelson

They buy low, sell high as you'd expect. But, if you come in with cash, they are much likely to drop their price. One Rolex they had in, in the case the owner did a $700 dollar loan on it. That's the amount he wanted with intent to pick up. Ended up not being able to pay the interest/pick-up... came out. It sold for about $2700... online the same piece sells for 3000+

Would it have been nice if they priced it at a "steal" since they ended up getting into it for not much money? Yes. But, I have a suspicion very few if any dealer/seller would do that. It's a business. It's worth what it's worth and what someone will pay for it.

In this world nothing is free, on persons loss is another ones gain.