Autheticity Check Omega Speedmaster

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kfranzk

·Jun 11, 2025

Davidt

What did they pay the poor bastard who sold it to them!?

I have a question on regulation of a pawn shop in the US, how do they own an item?
A pawn is a pawn and the client can buy it back!
Or the item is 'sold' to the 'dealer'.

Here I show the regulation in Germany:
"Minimum term pawn: 3 months
Waiting period by duration: 1 month
Extension possible (usually up to 6 months in total)
After a maximum of about 8 to 10 months without repayment, the deposit is auctioned and ownership is transferred to the pawnshop"

=> Is there any regulation like this out there?

Edited: Jun 11, 2025

 

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Clelow

·Jun 11, 2025

Oh man! Nice job.

 

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Dan S

·Jun 11, 2025

kfranzk

I have a question on regulation of a pawn shop in the US, how do they own an item?
A pawn is a pawn and the client can buy it back!
Or the item is 'sold' to the 'dealer'.

Here I show the regulation in Germany:
"Minimum term pawn: 3 months
Waiting period by duration: 1 month
Extension possible (usually up to 6 months in total)
After a maximum of about 8 to 10 months without repayment, the deposit is auctioned and ownership is transferred to the pawnshop"

=> Is there any regulation like this out there?

Pawn shops often buy things outright. Or they own them if the owner defaults. Assuming this whole story is legit, we have no idea how long the watch was at the pawn shop.

 

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abrod520

·Jun 11, 2025

Oh, nice, glad you showed up here. @squidnut don't follow any advice from the Reddit thread. This is where you should be seeking any advice about this Speedmaster from now on. Enjoy it!

 

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Foo2rama

·Jun 11, 2025·Nowhere near as grumpy as he used to be...

Well this is going to be one of the last times this happens. I haven’t seen a pawn shop not know value in a decade.

 

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Harbormaster

·Jun 11, 2025

Foo2rama

Well this is going to be one of the last times this happens. I haven’t seen a pawn shop not know value in a decade.

I can’t agree more! This is crazy they didn’t know what they had!

 

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paddymoran

·Jun 11, 2025

Harbormaster

I can’t agree more! This is crazy they didn’t know what they had!

It does make you wonder.

 

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Porteroso

·Jun 11, 2025

paddymoran

It does make you wonder.

Makes me want to visit a few pawn shops today.

And if the story is true, someone is getting insane deals buying watches "at wholesale" from this pawn shop.

 

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Harbormaster

·Jun 11, 2025

Porteroso

Makes me want to visit a few pawn shops today.

And if the story is true, someone is getting insane deals buying watches "at wholesale" from this pawn shop.

Yup, I want to go to that shop today!! 😝

 

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bsowers34

·Jun 11, 2025

squidnut

Thanks all....now how should I go about selling this? I'm ordering a tool to take off the bracelet and take the back off to confirm all that it has.

But we all know what you have in it, so probably on here wouldn't be the way to go.......

 

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Harbormaster

·Jun 11, 2025

I’ll give him $1200 for it….

 

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ewand

·Jun 11, 2025

squidnut

Thanks all....now how should I go about selling this? I'm ordering a tool to take off the bracelet and take the back off to confirm all that it has.

TBH, you'd be better off taking it to a jeweller or even an independent watchmaker to get them to remove the case back. If you aren't experienced then there's a pretty big chance of you gouging the case back. When they have the case back off (and the movement cover) get a good clear picture of the movement, with the serial number visible.

if you just want to flip it, get some decent pictures and put it on eBay or Reddit Watch Exchange. Or maybe ask the jeweller/watchmaker if they'd buy it off you.

 

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pkaye6

·Jun 11, 2025

Congratulations on the fabulous purchase, I'm afraid if it were me I'd not be thinking of selling it any time soon.

 

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squidnut

·Jun 11, 2025

Well I had the back opened up and it is serial number 105012-66 with the 321 movement.

https://imgur.com/a/X7kEPNp

 

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big case

·Jun 11, 2025

i believe it is a troll(-story)

and if not:

all, who told the pawnshop knows aboute the value - ...

Edited: Jun 11, 2025

 

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hansaboy

·Jun 11, 2025

Mate - that nr is the ref nr...!
The serial nr starts with 2495....

 

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hansaboy

·Jun 11, 2025

The tripple bridge accelerator looks very damaged...
I would return the watch...

 

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squidnut

·Jun 11, 2025

big case

i believe it is a troll(-story)

You'd be wrong lol

 

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squidnut

·Jun 11, 2025

hansaboy

Mate - that nr is the ref nr...!
The serial nr starts with 2495....

Forgive me of my lack of knowledge. I currently own 6 inexpensive watches (sub $200 each). I started looking into watches 2 weeks ago on getting one for myself for my 1st fathers day. I was in the pawn shop and said i'm looking for a tudor or omega. They brought this out and after seeing the responses back on it, I went back and bought it. I know very little about watches, parts, and what not. Learning a lot in the past 24 hours lol.

 

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Bing813

·Jun 11, 2025

Maybe the pawn guy thought it was a MOONSWATCH 🤣. I personally have scored great deals at thrift stores but never a pawnshop. If anything they inflated the prices.