Are pawn shops in UK required to hold an item for an amount of time before its sale, and run it through a police database prior to sale? That’s the law here in USA anyways; maybe there are similar regs there?
In any case, 1500 is completely unreasonable.
Are pawn shops in UK required to hold an item for an amount of time before its sale, and run it through a police database prior to sale? That’s the law here in USA anyways; maybe there are similar regs there?
In any case, 1500 is completely unreasonable.
Are pawn shops in UK required to hold an item for an amount of time before its sale, and run it through a police database prior to sale? That’s the law here in USA anyways; maybe there are similar regs there?
In any case, 1500 is completely unreasonable.
Many of them you can fully sell an item to, rather than pawn... as I understand it, that's how most of them do business now.
H&T are a big company, so I don't think they'd be knowingly receiving or selling stolen goods - their pricing, and lack of knowledge is just atrocious.
so on the basis that they could not prove its authenticity and I was concerned that the box was, well dirty and handled by a mechanic, £1500 was probably a little high!
In all seriousness I could accept "we can vouch for the seller" or "we've done checks" but they didn't and to me a market value watch with no history raises questions and is probably why they've had it for months...
It often seems to me, in Australia, the larger the business, the less one should trust it.
I wouldn't trust a multi location pawn business any more than a random seller on the internet.
Other nations will likely have different laws & cultures, but large operations here often use an MO based on "what they can get away with" rather than what is good for the community, or even legal. The concept of future issues being taken care of goes down the drain frequently.
Unless it's a fake.
How would you price it if there was a 50% chance of it being fake?
Or 50% chance of being stolen, with a strong chance of that coming back to bite you?
So just walked into a local Pawn shop and they have a nice Rolex Sea Dweller in the window for £6450. No info on age, no manual, no evidence that it is legit and clean. The box is present but inside looks like a grease monkey owned in.
I offered £1500 but they declined. I left (am I getting the hang of it?).
What do you think team?
I can offer you a 1991 with papers for 6k, could even provide extensive picturework 😀
I like the watch, I like you, the price is good, but I don't have the cash.
Will you take this packet of Haribo instead?
You think any decent sized pawn shop can’t verify a Rolex? ESP one that sells watches online?
0% chance it’s fake
And thats where I stand on this. Padders I'm certainly not suggesting that a stolen watch is worth £50 let alone even £1500, but without the evidence and history (to me) it isn't worth £6450. So yes, wrong end of the stick.
Many of them you can fully sell an item to, rather than pawn... as I understand it, that's how most of them do business now.
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That’s what I was trying to convey. In my city, once a pawn shops buys an item (at least jewelry items) for resale, it must hold onto said item for 23 days before it can be offered for resale. As the pawn employees have explained to me, this is required to slow the movement of “fenced” items. I’m not sure if this a city ordinance, state law or federal law.
Unless it's a fake.
How would you price it if there was a 50% chance of it being fake?
Or 50% chance of being stolen, with a strong chance of that coming back to bite you?
Just because they can doesn't mean they will, or do the right thing with that info.
In the end, it comes down to trust. In this situation, I have little, you seem to have more.
