Unused Seamaster but no papers

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Dear Omega enthusiasts!

I’ve been collecting Omega vintage watches for some time now, and now that I’m soon turning 50 I’d like to by myself a nice modern Omega as well…

I’ve come across a Seamaster from the 1957 trilogy series. (Ref. 23410392001001) It looks new, the plastic covers are still there, but it is sold by a pawnshop without box and papers.

My question is how much the value decreases opposed to a similar watch, full set. When I look at the same model, but worn, the asking price seem to be around 7-9000 $ for a full set watch?
Any help would be much appreciated.

Thanks for your time,
/U. Larsson
 
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I wouldn’t touch it.

Might be legit.

Might have been stolen from a dealer by someone trying it on.

Not worth the hassle.
 
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I wouldn’t touch it.

Might be legit.

Might have been stolen from a dealer by someone trying it on.

Not worth the hassle.

Which would likely have been reported, so checking with the authorities regarding the serial might be an option?
 
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Which would likely have been reported, so checking with the authorities regarding the serial might be an option?
Yes, I’ve checked with the police authority and they could not find anything in their database.
 
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Putting whether the watch is legit to one side (which I wouldn't if I was you) I would look for a considerable discount. Probably too much for the seller to swallow. After all, if you ever want to sell it, it would be a nightmare to offload.
 
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Putting whether the watch is legit to one side (which I wouldn't if I was you) I would look for a considerable discount. Probably too much for the seller to swallow. After all, if you ever want to sell it, it would be a nightmare to offload.
Yes, you are probably right. The more I think about it, I want to have a watch with original box and cards even if I never sell it…
 
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Yes, you are probably right. The more I think about it, I want to have a watch with original box and cards even if I never sell it…

I was in a similar position (not a pawnshop) with an Aqua Terra recently. Watch was in great shape, S/N etc seemed to be legit, price was a reasonable discount over a complete set. And yet....

I think you're right to wait on a complete set, especially for a special watch.
 
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Checking with the local police will be fine - as long as it was stolen locally. Pretty sure serial numbers for watches are not shared internationally by law enforcement, reassuring though it’d be for watch collectors.

Even if it’s legitimate, box and papers are probably more important for a limited (or numbered) edition than for a regular one.
 
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I wouldn’t worry about the item being stolen. Although pawn shops have a bad reputation for dealing in stolen goods, this is not true. They are extremely careful not to buy stolen goods, as they will lose their money if the item turns out stolen. They check numbers against local and state registries, and they require a copy of a government-issued ID and fingerprints from the seller.

more than likely, someone needed a quick loan and took one out against the watch, then never paid it back. This is where pawn shops “steal” from the consumer - the interest rates are so high that unless you pay the loan back immediately, it’s often cheaper to actually give up the item you pawned, then pay the money to get it back.

I would be more worried the Seamaster is fake than it being stolen - some pawn shops are good at recognizing a fake Rolex, but not much else. If you are certain it is real and it is a fair price, I wouldn’t worry too much. With that said, since this is a limited edition, I would want the box and papers with it.
 
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I am always surprised when I see almost new watches being sold without boxes and papers. It happens for various reasons. If it is real and the price is right I see no issues. How much do you value $$$ the box and papers? How much discount are you getting, that's the bottom line.
 
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I wouldn’t worry about the item being stolen. Although pawn shops have a bad reputation for dealing in stolen goods, this is not true. They are extremely careful not to buy stolen goods, as they will lose their money if the item turns out stolen. They check numbers against local and state registries, and they require a copy of a government-issued ID and fingerprints from the seller.

more than likely, someone needed a quick loan and took one out against the watch, then never paid it back. This is where pawn shops “steal” from the consumer - the interest rates are so high that unless you pay the loan back immediately, it’s often cheaper to actually give up the item you pawned, then pay the money to get it back.

I would be more worried the Seamaster is fake than it being stolen - some pawn shops are good at recognizing a fake Rolex, but not much else. If you are certain it is real and it is a fair price, I wouldn’t worry too much. With that said, since this is a limited edition, I would want the box and papers with it.

Take this with a big bag of salt. Pawn shops have a reputation for a reason. While there are pawn shops that follow all the rules, there are many others who play fast and loose. The reputation wasn't concocted from whole cloth; it was earned. That watch in that condition screams stolen - if not from the dealer, from a collectors watch box where it was on display with his or her other watches but never worn. While I won't argue against "anything is possible," I have a hard time envisioning the purchaser of a brand new Trilogy edition Seamaster finding themselves in the position where a pawn shop is the best source of money. A beat up Rolex passed down, sure. But this piece? I'm extremely suspicious.
 
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Thank you all for taking the time to write down your thoughts and reflections to my question. I decided not to place a bid for this piece, since (as some of you wrote) this is a limited number edition, and therefore a watch that should come with proper papers at least. It was sold today for SEK 43.000 plus SEK 6450 provision. Totally approx. $ 5470.
Here is a link if you want to look at the Seamaster for yourself:
https://www.pantbanken.se/auktioner...20&offset=0&kontor=&sortering=&listposition=4
 
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I am in exactly the same situation as you were. Watch is being offered on a local platform with the serial numbers exposed, by a seller with 400+ positive reviews. He's asking 5100 euro for the watch which has been worn, but no big signs of wear. Papers and straps not included, box is.
To me it does sound like a good discount given the lowest priced on Chrono is 7k and within the EU 8.5k.
 
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I am in exactly the same situation as you were. Watch is being offered on a local platform with the serial numbers exposed, by a seller with 400+ positive reviews. He's asking 5100 euro for the watch which has been worn, but no big signs of wear. Papers and straps not included, box is.
To me it does sound like a good discount given the lowest priced on Chrono is 7k and within the EU 8.5k.
By “seller”, are we talking an individual or a business?
Worth doing a Google search for the serial number. They do get posted in threads on sites such as this forum when watches get stolen.
I’d say it’d be a very smart thief who grabbed the watch box during a burglary (unless the watch was kept in the box), and a gently worn watch is for me a different situation to a fully stickered one.
 
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By “seller”, are we talking an individual or a business?
Worth doing a Google search for the serial number. They do get posted in threads on sites such as this forum when watches get stolen.
I’d say it’d be a very smart thief who grabbed the watch box during a burglary (unless the watch was kept in the box), and a gently worn watch is for me a different situation to a fully stickered one.

He seems to be a small business, selling mostly watches (omega/rolex), but also clothes, antiques, etc. Reviews seem legit. I searched a few websites and google, serial number didn't popup. Will also try to call the police to see if there's a database they can check.

If it does turn out to be legit- would you think it's a good deal? (i'd be planning to wear it as my 'daily' watch, perhaps selling it at some point in the future)
 
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He seems to be a small business, selling mostly watches (omega/rolex), but also clothes, antiques, etc. Reviews seem legit. I searched a few websites and google, serial number didn't popup. Will also try to call the police to see if there's a database they can check.

If it does turn out to be legit- would you think it's a good deal? (i'd be planning to wear it as my 'daily' watch, perhaps selling it at some point in the future)

I wouldn’t have a clue if it’s a good deal, although if it’s that much cheaper than others of the same model, there must be a reason…
 
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I wouldn't buy it. If you do you'll probably be the only one out there holding one without box and papers.....and if and when you want to sell you're always going to have to be explaining yourself and that ain't no fun!
 
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I'm not huge on box and papers for standard issue models, nice to have but not a requirement for me.

But this being a Limited Edition, the full kit is a big part of the experience.
 
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On a recent mainstream production watch, box and papers have a value of around 15% of the total. On a LE that can increase dramatically to more like 25-40% since the full set is what people want with those. On something like the Trilogy watches (which are LE but with high production numbers) I would expect the effect to be somewhere in between, say circa 20-25%. I'd buy a loose trilogy watch but I'd be way back of the full set price.
 
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I wouldn't buy it. If you do you'll probably be the only one out there holding one without box and papers.....and if and when you want to sell you're always going to have to be explaining yourself and that ain't no fun!

That is spot on. The 'explaining' is not a nice feeling and probably reason for me to not do this.