Watch Out For That New Watch!

We’ve all seen movies where a seedy character is standing on a dark street corner in a long hot trench-coat in the middle of July. A passerby happens by, and the character slips open his coat and shows him rows and rows of ahem, genuine gold and diamond watches at a price the passerby cannot pass by.

Well, we all know the gullible passerby has just been duped – even if he doesn’t. And, while most of us don’t buy our watches and other fine jewelry on the street corner, we can be just as duped! What happens then, when down the road, you are looking to resell your “genuine watch,” or sell gold and other precious jewelry or gems? You find out just how gullible you are – and are all the poorer for it.

At NoCo Gold & Diamond, our experts can help you not only recognize the authenticity of your items, we can help you learn where to sell silver and gold, and how to sell diamonds and other jewelry for the best price possible. But, first things first. Here we want to give you a guide to go by when looking to buy genuine watches or genuine replica watches.

When Buying Genuine Watches

Unfortunately, it is estimated that approximately 40% of the watches for sale on auction giants like eBay are – you guessed it – fakes! Always, always make sure if you are going to buy a “genuine” watch this way, that the dealer has a 100% positive feedback rating. Also, if buying from a local seller or by way of newspaper add, always take the watch to an authorized jeweler or dealer to get it appraised before any money changes hands. Many of our clients collect genuine watches and our experts can often help you know the difference – along with our main expertise in showing you how to sell diamonds, to sell gold, and where to sell silver.

When Buying Replica Watches

Unfortunately, even worse statistics hold true for replica watches. Here are some major red flags when looking for replicas. Do NOT buy if:

• The watch has one of these marques: BestSwiss, Bluefakes, Brand9, Global Replica, Perfect2clones, Perfect Swiss, Replicahause, or UKreplica
• The dealer suggests C.O.D.
• They advertise the watch is white gold, solid gold, or AAA grade, or made of 440L or 904L

At NoCo Gold & Diamonds, our expertise may not be necessarily buying and selling watches per se, but we do have expertise in how to sell diamonds, where to sell silver, and how to sell gold. Give us a call today to schedule a discreet appointment with one of our expert diamond buyers.