Paneristi.com's online sales forums
were created for and to allow the members to buy, sell, and trade
Panerai watches and their related accessories amongst themselves. Panersiti.com is not involved in any of
these transactions between buyers and sellers nor does it bear any
responsibility for the transactions that may result.
Following are some tips to help you
buy or trade with more confidence.
Tip # 1. BUY THE
This is repeated often on the boards
and cannot be stressed enough. When dealing in any online transaction
get a comfort level with the person on the other end of the deal. Ask
for and check references. Make sure either the seller or their
references or ideally all are known forum members. Post a reference
check on the Collector’s Market. If the seller is known, good or bad,
you will get a response. Perform a search on all the Paneristi.com
forums. Is the seller an active member? For how long? Are there
previous sales you can find? Ask the seller what other sales/trading
forums they belong to and what their IDs are on those forums. Send an
email to those addresses and verify it is the same person. Check their
references on those boards. Ask the seller for a phone number to speak
to them personally to discuss the transaction. Ask them for their home
address, a legit seller should have no problem providing this
information. Does the location match the area code of their telephone
number? If you are still not comfortable ask the seller to provide a
copy of their driver’s license.
Tip #2 KNOW WHAT
YOU ARE BUYING
It sounds easy enough but take the
time to research the watch you are buying. What straps did it come with
originally? Any additional tool, keys, scrolls etc. necessary to make a
complete set? What are the correct boxes and paperwork that should
accompany it? Completeness adds to the value. If a seller states a
watch is complete, make sure you know what that should entail.
Tip #3 KNOW THE
A seller’s definition of condition
may drastically differ from yours. Ask the seller pointed questions
either via email or by telephone. Are there any scratches or dings or
dents? Is the crystal clean? What condition are the straps/bracelet in?
Condition is another important factor in determining value. Make sure
you know what shape the watch is in that you are trying to buy.
Tip #4 GET SCANS
Most ads will contain scans. Bear in
mind, pictures are easily stolen. Ask for additional scans of the watch
on a newspaper showing the current date. Ask for scans of the movement
sticker and the back of the watch. Do the numbers match? Ask for scans
that show any potential "concerns" about the watch. Do not let a seller
tell you that the ding/scratch on the bezel is not noticeable; have
them prove it with a picture. Ask for pictures of the complete set. Are
all boxes, paperwork, straps etc shown?
Tip #5 TRADES
REQUIRE EXTRA CAUTION
A higher probability for scams exist
with trades. Extra caution must be exercised prior to entering these
transactions. It is strongly suggested that deals involving trades only
be done with a party personally known to you, a transaction that can be
done face to face or a seller/trader with excellent
credentials/references above reproach. If extra care is not taken when
contemplating a trade the possibility exists for you to wind up with
both no money and no watch. Double the risk, double the due diligence.
Tip #6 METHODS OF
As previously stated, a face to face
transaction with both the watch and cash present is probably the
safest. One can verify the condition and completeness of the watch and
the seller receives payment immediately. It is recommended that these
transactions take place in a suitable public location i.e. an AD, a
bank lobby, etc. Most sellers will not accept a check or take a credit
card directly. From a seller's perspective, the second safest form of
payment is a wire transfer into their bank account. For the buyer, this
will give them additional information about the seller as well as
confirm previous information provided. Some sellers may accept PayPal
with the fee's negotiable between the two parties. PayPal offers a
level of security to both the buyer and seller, especially if a buyer
uses a major credit card. There are potential risks to this and those
should be researched prior to utilizing. Lastly, a word about escrow
services. Most legitimate buyers will not accept the use of an escrow
service. It slows the transaction down, adds cost to the transaction
and really does little to protect a buyer. Most escrow services do not
open packages so they do not verify the contents and if they do open
them, they certainly offer no verification of the authenticity of the
goods they receive. There continue to be a plethora of phony escrow
services as well and one would be wise to avoid them from either side
of a transaction.
Warning Signs - These may not indicate a bad deal but all should
be taken into account and verified to your satisfaction.
- Seller has few if any references
- Sellers ID or that of their
references closely mirror but are slightly different than well known
- You do not know any of the
references provided. Ours is a small community, most sellers can
provide references that you have seen active on the forums even if you
may not be aware of the seller themselves.
- Seller will not provide a phone
number to discuss the transaction.
- Seller uses a free email
service. AOL, gmail, hotmail all provide free email services to anyone
giving minimal personal information
- Seller will not meet for a face
to face transaction
- Seller will not provide
additional scans or the scans are “different” i.e. lighting, staging,
date/time stamp, etc. This may mean that all images have been stolen
from other sources.
- Price is substantially lower
than recent sales. The old adage “If it looks to good to be true…” is
generally spot on.
- A seller who “has to make this
deal fast”. The seller pressures you to send money before you have a
comfort level. Do not send any funds until you are satisfied with both
the seller and the watch.
- Seller wants you to use Western
Union or some other comparable service. The Western Union website warns
to “only send money to people you know personally”.