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Welshy · 6 June 2021, 02:16 AM

Hello, I have an acquaintance who owns a jewelry store. They let me know the have a 2004 GMT 12670 in excellent condition. I haven’t seen the watch in person, but they let me know they’d hold it for me. Thoughts?

“Retail” is 15k USD. I doubt I’ll pull the trigger, but would love feedback. If all is right I might offer 12 and pass if it can’t work. Thanks Name: 305416C6-325E-4DDF-BB4B-9328D4AA9912.jpeg
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Tools · 6 June 2021, 02:22 AM

It's a 16710, and back in 2004 "retail" was ~4k.

khalifam · 6 June 2021, 02:26 AM

16710.

Looks decent - are box and papers included? Just asking as the price would be reflective of b&p's...

Bracelet needs some attention looks really stretched

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Welshy · 6 June 2021, 02:27 AM

Sorry, old eyes on my iPhone. ;)

Welshy · 6 June 2021, 02:28 AM

Yes, box and papers.

speedbird90 · 6 June 2021, 02:30 AM

I'm pretty sure there's no Rolex 12670. It should be a 16710 but the insert's color looks a little off. Could be the lightning.

Overall condition doesn't look that great. It's priced on the high side for sure, try and see if you can haggle a bit. For the price, I hope it comes with box and papers.

bremersm · 6 June 2021, 03:54 AM

$4k or no deal. Good luck.

Welshy · 6 June 2021, 04:28 AM

14.5 is as low as he’ll go. Don’t think 4 will fly! ;)

Some more pics.

cht · 8 June 2021, 11:43 AM

That doesn’t even sound like the acquaintance price.
That sounds like they think you have more money than brains price.

Tools · 9 June 2021, 03:28 AM

Quote:

Originally Posted by Welshy

14.5 is as low as he’ll go. Don’t think 4 will fly! ;)

Some more pics.

The point is, the current price of a new GMT, or the price from 20 years ago, are both irrelevant.

There is a market price for 2004 GMT's, and it can be found all over the Internet with a few minutes of research. Condition will determine if this watch should be at the high, or at the low end of that market level.

J_1964 · 11 June 2021, 11:56 AM

14.5K? Better be Near PERFECT with B&P...

Nikrnic · 5 July 2021, 06:35 AM

That's too much..

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214270Explorer · 5 July 2021, 07:03 AM

Certified service history available?

GGGMT · 6 July 2021, 04:43 AM

Quote:

Originally Posted by cht

That doesn’t even sound like the acquaintance price.
That sounds like they think you have more money than brains price.

This. There's better options out there, including on this forum. hard pass.

101031-28 · 9 July 2021, 02:05 AM

The most I would pay for this 16710 is 11/12K

omar10213245 · 19 July 2021, 12:01 AM

i wouldn't offer more than $9k on this watch.

rmagoo57 · 19 July 2021, 12:23 AM

It's overpriced for the condition. Worth closer to 12k than 15k IMO. It's been polished and looks like it needs another. Does it need a service? That will cost ~$1000.

Also, show your acquaintance this thread!

onemoreplease · 6 August 2021, 01:33 AM

Same

onemoreplease · 6 August 2021, 01:36 AM

I'M WITH rmagoo57

6 June 2021, 02:16 AM	#1
Welshy "TRF" Member Join Date: Dec 2012 Location: san antonio Posts: 97	GMT 2004 Pepsi-Does this look safe? Hello, I have an acquaintance who owns a jewelry store. They let me know the have a 2004 GMT 12670 in excellent condition. I haven’t seen the watch in person, but they let me know they’d hold it for me. Thoughts? “Retail” is 15k USD. I doubt I’ll pull the trigger, but would love feedback. If all is right I might offer 12 and pass if it can’t work. Thanks

6 June 2021, 02:22 AM	#2
Tools TRF Moderator & 2025 Titanium Yacht-Master Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,681	It's a 16710, and back in 2004 "retail" was ~4k. __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

6 June 2021, 04:28 AM	#8
Welshy "TRF" Member Join Date: Dec 2012 Location: san antonio Posts: 97	14.5 is as low as he’ll go. Don’t think 4 will fly! ;) Some more pics. Attached Images

5 July 2021, 07:03 AM	#13
214270Explorer "TRF" Member Join Date: Sep 2018 Location: United States Watch: me buy Watches Posts: 3,955	Certified service history available? __________________ “The display of actual intelligence terrifies much of mankind” Rolex "some" Tudor "some" Damasko "some" Misc Pieces "some" Marathon "some" GS Spring Drive "some" Hamilton "some" Findeisen "some"

9 July 2021, 02:05 AM	#15
101031-28 "TRF" Member Join Date: Jul 2009 Location: USA Watch: 1665 Posts: 4,768	The most I would pay for this 16710 is 11/12K __________________ He could not just wear a watch. It had to be a Rolex. Ian Fleming

6 June 2021, 02:26 AM	#3
khalifam "TRF" Member Join Date: Jul 2018 Location: UK Posts: 1,071	16710. Looks decent - are box and papers included? Just asking as the price would be reflective of b&p's... Bracelet needs some attention looks really stretched Sent from my SM-N986B using Tapatalk

6 June 2021, 02:27 AM	#4
Welshy "TRF" Member Join Date: Dec 2012 Location: san antonio Posts: 97	Sorry, old eyes on my iPhone. ;)

6 June 2021, 02:28 AM	#5
Welshy "TRF" Member Join Date: Dec 2012 Location: san antonio Posts: 97	Yes, box and papers.

6 June 2021, 02:30 AM	#6
speedbird90 "TRF" Member Join Date: Jan 2018 Location: N/A Watch: 16710, 16610LV Posts: 137	I'm pretty sure there's no Rolex 12670. It should be a 16710 but the insert's color looks a little off. Could be the lightning. Overall condition doesn't look that great. It's priced on the high side for sure, try and see if you can haggle a bit. For the price, I hope it comes with box and papers.

6 June 2021, 03:54 AM	#7
bremersm Banned Join Date: Jul 2019 Location: Charlotte Posts: 647	$4k or no deal. Good luck.

8 June 2021, 11:43 AM	#9
cht "TRF" Member Join Date: Jan 2010 Real Name: Chris Location: San antonio, TX Watch: 116610LV Posts: 2,146	That doesn’t even sound like the acquaintance price. That sounds like they think you have more money than brains price.

11 June 2021, 11:56 AM	#11
J_1964 "TRF" Member Join Date: Apr 2017 Real Name: Jim Location: NoCal USA Watch: 16710 Posts: 1,955	14.5K? Better be Near PERFECT with B&P...

5 July 2021, 06:35 AM	#12
Nikrnic "TRF" Member Join Date: May 2017 Real Name: Louis Nick Ric Location: Michigan, USA Watch: Blnr, Expll, Subs, Posts: 10,176	That's too much.. Sent from my SM-G970U using Tapatalk

19 July 2021, 12:01 AM	#16
omar10213245 2025 TitaniumYM Pledge Member Join Date: Jun 2020 Real Name: Omar Location: somewhere Watch: 126515LN (sundust) Posts: 1,388	i wouldn't offer more than $9k on this watch.

19 July 2021, 12:23 AM	#17
rmagoo57 2025 TitaniumYM Pledge Member Join Date: Oct 2019 Real Name: Ron Location: Detroitish Watch: GMT II/Sub/Exp II Posts: 2,631	It's overpriced for the condition. Worth closer to 12k than 15k IMO. It's been polished and looks like it needs another. Does it need a service? That will cost ~$1000. Also, show your acquaintance this thread!

6 August 2021, 01:33 AM	#18
onemoreplease "TRF" Member Join Date: Jun 2021 Location: Florida Posts: 17	Same

6 August 2021, 01:36 AM	#19
onemoreplease "TRF" Member Join Date: Jun 2021 Location: Florida Posts: 17	I'M WITH rmagoo57

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