Online Private Sales

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Hey guys,

I’m always hunting for deals and have recently started looking online. I’ve had one successful purchase and I asked for the following when payment was made prior to shipping:

1. Identity verification,
2. Watch verification-seller possession and serial #,
3. Sales agreement detailing the watch, describing payment and shipping methods/timelines.

During my first successful purchase, the seller had no issue. He sent me a photo of himself holding his driver’s license. We wrote up a quick contract and I paid him via PayPals ‘goods and services’. He shipped the watch and the deal was done.

My last two attempts have met with resistance. One guy (fb marketplace) wouldn’t verify that he had the watch with a quick picture timestamp. He then wanted me to meet him with cash. Another seller, who quickly accepted my admittedly lowball offer, wanted to remain anonymous. When I told him that I would need his personal information for the shipping and insurance that we agreed I would arrange, he sent a driver’s license photo but refused to include a picture of himself holding the license proving that it was his. He then asked when I would send the money before we had discussed any details. He also suggested that I send it via ‘friends and family’ even though I had offered to cover the fees in my initial offer.

Have I just run into two scammers or am I pushing sellers away by asking too much?

What do you guys do when vetting unknown sellers? Obviously, I don’t feel the need to vet a reputable dealer or a seller on a forum who has completed numerous successful deals.

In advance, thanks for your input.
 
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I've never asked for identity as a buyer or seller. I've only been asked once as a buyer - never a seller - and I declined.
 
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My only experience with purchasing a watch online the seller actually offered to show me their ID and confirm who they were before we proceeded. That didn't strike me as unusual, but it also wouldn't have been unusual if the seller hadn't wanted to provide those things, imo.

It sounds like you had one seller that was either a scammer or at least very reticent to share info/wanted a quick sale no matter what, and possibly one seller who just didn't want to share their information. That doesn't strike me as unusual really, lots of people like to keep their personal info private.
 
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Hard to say. You are definitely asking for a lot, but those sellers also could have been scammers. If they are established sellers on a platform, they may just not want to deal with your demands. If they are unknowns, then they should probably expect to be asked for verification.

Personally, I don't mind sharing personal info with potential buyers, but I can understand why some collectors might not want to share their identity, since they could potentially become a target.
 
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I’d be reluctant to share my ID with a completely unknown buyer. An established forum member is different.
 
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Thanks for the input. As a buyer, how do you vet an unknown seller before sending them thousands of dollars? Is it just a leap of faith in my part and rely on a credit card chargeback in the event that the watch doesn’t arrive?
 
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Thanks for the input. As a buyer, how do you vet an unknown seller before sending them thousands of dollars? Is it just a leap of faith in my part and rely on a credit card chargeback in the event that the watch doesn’t arrive?


More or less how you are, or don't purchase from an unknown seller. AD's, OBs, and gray dealers all (often) have sales history that you can rely on. Foreign members either are unknown quantity because of their participation or because of their previous sales or perhaps because they have sold on other forums (or even on ebay). Ebay sellers have feedback.

I'm not saying that you shouldn't give new sellers a shot, somebody has to but they need to make you feel comfortable with good customer service/meeting your expectations/using a service that provides buyer protection. If they aren't the right seller they aren't the right seller; just that simple.
 
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Various methods.
1. Only buy from trusted sources such as dealers and establish collectors. However, you obviously limit your market this way.
2. For unknown sellers, either buy through channels which offer buyer protection such as eBay, or meet f2f and do cash in a secure location like a bank
 
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Thanks for the input. As a buyer, how do you vet an unknown seller before sending them thousands of dollars? Is it just a leap of faith in my part and rely on a credit card chargeback in the event that the watch doesn’t arrive?

One good way to buy from a stranger is to meet them in person with cash. That way you can see exactly what you are buying. You apparently had the opportunity to do that but chose not to.

Aside from that, you might just be better off buying from people with an established selling history.
 
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Thanks for the input. As a buyer, how do you vet an unknown seller before sending them thousands of dollars? Is it just a leap of faith in my part and rely on a credit card chargeback in the event that the watch doesn’t arrive?

F2F and cash or don't go through with it at all if you're not comfortable with all aspects of the sale.
 
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I don't think there's a one-size-fits-all answer to this question. Every buyer & seller has a different threshold, and each transaction has variables. I don't mind selling via eBay, but I generally avoid sites like that--and Chrono24--as a buyer: just too many scams and fakes. If possible, I go with a "trusted seller"; generating a list of those is just a matter of searching around on this forum and elsewhere. NEVER do Craigslist.

For a private seller transaction, sometimes it comes down to a gut feeling: if it's a known user on a forum like this whose longstanding history (of sales and other posts) I can research, then I might be willing to take a bit of a risk wrt verifying the details. If it's a higher dollar amount or if it's a seller I don't know, I might ask to do a FaceTime/Zoom call to see the person holding the watch, showing me that it's operating correctly, and generally giving me a good vibe. I would never ask to see ID, and I would never share my ID with a potential buyer or seller: that would spook me, as I'd assume it was some kind of identity-theft scheme at work. That said, at the first whiff of something even slightly off, I bail---have bailed many more times than I've actually followed through. If someone doesn't email/PM back as quickly as I'd like, if they seem even slightly evasive or noncommittal, if they start asking about shipping to a different address, etc, etc, I'm out. Just a courtesy "sorry, I changed my mind," and then they're added to the blocked contacts list and I move on.

Common sense and trusting your instincts will take you a long way. For real high-dollar purchases, there are third-party escrow services you can use, and you can also see if one of the trusted sellers will host the transaction for you---but both of those options would command a fee.

I'd only agree to meet someone with cash if it were inside a watch/jewelry store with a security guard (and you'd want to ask the store for permission first) or at a police station... or I'd meet somewhere public and ask one of my Marines to stand behind me with an M27 and a look of indifference. The last thing I'd suggest is meeting a total stranger who allegedly has a watch, but who definitely knows I have $$$$ in my pocket somewhere that I'm not familiar with. That sounds like the makings of one of those stories you'd be reciting to the cops later, with an icepack on your forehead.
Edited:
 
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I’d be reluctant to share my ID with a completely unknown buyer. An established forum member is different.

Same here. I have no problem with a phone conversation (even video) and pictures to prove I have the watch, but I’m not sending a picture of any ID unless I believe the buyer is legit - scams go both ways.
 
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Just to follow up here, I just realised I actually did wire £600 to a complete stranger a couple of months ago to buy a watch in a private sale.
The watch had been listed on eBay, the seller withdrew it and we’d had emails back and forth for a week or two afterwards.
My gut just told me he was genuine so I wired the funds and the watch arrived two days later. I wouldn’t have wired £6000 but I was fine with £600.

Equally, I wouldn’t recommend this approach to a newcomer. There’s a skill in sniffing out the better scammers that takes a while to fine tune.
 
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Have I just run into two scammers or am I pushing sellers away by asking too much?
Somehow I would never send a buyer a picture of me holding my ID. Even better, I would never give them my ID. I would make sure the buyer could pay with some insurance (Paypal or escrow) but that's it.
 
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Thanks for the thoughtful replies. I’m glad I posed the questions.

. . . I might ask to do a FaceTime/Zoom call to see the person holding the watch, showing me that it's operating correctly, and generally giving me a good vibe. I would never ask to see ID, and I would never share my ID with a potential buyer or seller: that would spook me, as I'd assume it was some kind of identity-theft scheme at work.

I’ve always been above board in my dealings, but I see now how I could have spooked someone. I think the FaceTime call is a great idea when dealing with an unknown. I’ll give it a try next time.
 
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Just to follow up here, I just realised I actually did wire £600 to a complete stranger a couple of months ago to buy a watch in a private sale.
The watch had been listed on eBay, the seller withdrew it and we’d had emails back and forth for a week or two afterwards.
My gut just told me he was genuine so I wired the funds and the watch arrived two days later. I wouldn’t have wired £6000 but I was fine with £600.

Equally, I wouldn’t recommend this approach to a newcomer. There’s a skill in sniffing out the better scammers that takes a while to fine tune.


BINGO

Never send anyone money you can’t afford to loose.

Members here that are trusted and have feedback has served me well over the years.
Many nice watches have been let go due to my spidey sense’s tingling.

Hell… I have sent money for a watch I haven’t seen from a reputable member here.
 
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Within this context, of you sell an omega, under warranty, to another private buyer, does the warranty transfer to new buyer.
 
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Am I pushing sellers away by asking too much?

Let's see ...

You lowball sellers
Ask them for a photo of themselves holding their driver's license
Want them to sign a contract
Want them to pay taxes on the sale by refusing to send the payment as friends and family

... I think you're fine