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Advice on selling a 2998-1

BlackTalon
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It's a forum. No more, no less. There are many that are far, far, far worse -- this is one of the best ones in my opinion. But that does not mean everyone on the forum needs to act a certain way to anyone that comes here seeking knowledge for personal gain. I feel bad for the OP, although a simple thread asking if anyone had contact info, or had been in touch with, the Buyer would have been fine -- no need to have gotten into the purchase details. Hopefully the Buyer reaches back out to him, even if it is just to say he cannot purchase the watch.

And for 25,000 AUS, I think I would be a potential buyer! 😁
 
omegaman
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dennisthemenace dennisthemenace
Since when did anyone need to file any documents to leave Germany or any other country because they are wearing a wristwatch?
Do US Customs make a note of every watch that every visitor is wearing, and then check that they are wearing the same watch when they leave? I think not. Sorry, but you're not making any sense.
It is not about wearing a watch on a journey, it is about exporting a watch for the only reason to sell it w/o declaration. No matter where you store, hide or wear it... that is illegal. And importing the cash you received into your country w/o declaration is also illegal. No doubt about that! The chances being caught is a different story
Edited:
 
MikiJ
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There are 2 chances of getting caught with it on your wrist going thru customer are Slim and None 😉
 
JwRosenthal
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MikiJ MikiJ
There are 2 chances of getting caught with it on your wrist going thru customer are Slim and None 😉
Does that include this guy?

11B66642-6BA7-4857-9E3B-D86A79456F6E.jpeg
 
Patrik83
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MikiJ MikiJ
There are 2 chances of getting caught with it on your wrist going thru customer are Slim and None 😉
I guess you have bigger problems if you go through the customer 😉
 
Evitzee
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I am impressed by the honesty of the folks here, when selling a watch at a profit they report, without hesitation, the profit on their federal and state income tax returns. Well done, lads, it's good to be among such fine citizens.
 
dennisthemenace
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omegaman omegaman
It is not about wearing a watch on a journey, it is about exporting a watch for the only reason to sell it w/o declaration. No matter where you store, hide or wear it... that is illegal. And importing the cash you received into your country w/o declaration is also illegal. No doubt about that! The chances being caught is a different story
Sorry, but you are talking nonsense. Again.
Perhaps you could indicate which authority I would have to inform that I might sell my watch while abroad when going on holiday.
To which authority do I declare how many Euros I have exchanged into $US to spend during my holiday?
To which authority do I inform that I am posting a watch to a buyer in another country?
Please enlighten me.
Edited:
 
Sherbie
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@edgware14

are you telling me that you have travelled from Oz to USA to make a deal, and you dont even have the sellers cell phone number ??
 
Dan S
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Sherbie Sherbie
@edgware14

are you telling me that you have travelled from Oz to USA to make a deal, and you dont even have the sellers cell phone number ??

My impression is that he had the watch imported into the USA by a friend who happened to be coming here.
 
Archer
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Evitzee Evitzee
I am impressed by the honesty of the folks here, when selling a watch at a profit they report, without hesitation, the profit on their federal and state income tax returns. Well done, lads, it's good to be among such fine citizens.

Can’t speak to other jurisdictions, but unless you are in the business of selling watches, profits from this sale would not likely be considered income here.

In Canada, this would most likely be considered a capital gain though, as personal property that can increase in value, can fall under capital gains and this includes jewellery.

Of course this is a whole different thing from declaring currency or other financial instruments that exceed $10k US when you cross a border, so when entering Canada, the US, or Australia. If you don’t declare it and you get caught, they have the right to seize the funds. Often you can get them back by paying a penalty.
 
Larry S
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Interesting that Cad290 according to his profile was on this site this morning. 😗
 
Poday
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dennisthemenace dennisthemenace
I think there is Al.
If I wear a wristwatch when entering the US and don't declare that I intend to sell it, who is to know if I intend to sell it or not. I am not smuggling anything.
If I am having a beer in some hotel bar and start talking watches with a stranger who notices my watch and offers to buy it on the spot, am I breaking any law by selling it to them ?
Would US customs have any previous PM's between myself and said stranger on OF logged on their database?

it’s about integrity and intent. You know this. Is he likely to get caught? No. That doesn’t make the behavior any less illegal.
 
Bumper
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Archer Archer
No, but that is not this situation. The watch was brought into the US with the specific plan to sell it. When you enter the US, you have to fill out a customs declaration form, and if you are bringing in items for sale, they need to be declared as such:


Close.png


Not doing so would make the person who smuggled the watch in, subject to penalties. There's no grey area here.

Cheers, Al

Wouldn't a used watch fall under personal effects?
 
Archer
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Bumper Bumper
Wouldn't a used watch fall under personal effects?

If you are just bringing it on vacation with you, and are taking it back, yes.

In this case the watch was brought into the US with the singular purpose of selling it. As much as some here don’t acknowledge that there’s a difference, there is. This is now “goods for sale” and has to be declared as such. Failure to declare is an offence...

The likelihood of getting caught is another thing entirely, but the fact it has to be declared is very clear.
 
omegaman
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dennisthemenace dennisthemenace
Sorry, but you are talking nonsense. Again...
Please enlighten me.
Obviously that'll be a futile effort. Nevermind, Pablo.
 
edgware14
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Thanks again to all who have given advice, I didn't hear from Chris in the end and my friend will leave New York today so that's that.
No major loss, slightly annoying but it would have been almost too good to be true had everything gone well.
The watch will stay up for sale on ebay etc and maybe end up in auction in Europe in the New Year.

Cheers 👍
 
Evitzee
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Sorry that your buyer flaked after all the effort you put in to get it to NYC. At least he could have confirmed he was no longer interested rather than going dark and leaving you hanging. Frustrating way to lose a sale. Going the auction route may be the best way to liquidate it.
Edited:
 
OMEGuy
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OMEGuy OMEGuy
Just for me: Is this forum a place to find answers from the experts or a place to be punished for asking quesions?

CONSIDER YOURSELF IN CUSTODY : AS YOU ARE A MEMBER IN GOOD STANDING I WILL FOREGO THE USUAL BAIL.
YOU WILL RECEIVE NOTICE WHEN YOUR HEARING IS SCHEDULED.

CICINDELA, FORUM QUESTIONS TEXT OFFICER.
883561-1e2c1530a1f10373c4bd69601bd423c4.jpg

@cicindela Thank you!
 
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