Hi all. I’ve been corresponding with AMF (a Trusted Dealer) to make me a solid gold watch. I just got their wire instructions. The wire is to be sent to a credit union in New York. I’m based in the US, but not New York. I looked up this credit union online and it has numerous 1-star reviews and all of the reviews mention wire fraud. I know AMF is a TD but this is scary to me. Any advice before I send over 17k USD of my hard earned money?
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Nervous Sending Money
- Thread starter st1212
- Start date
1st thing is to confirm you are dealing with the real @AMF
I would be guessing the wire fraud reports are all by folk who got scammed via various cons. It's not the credit union's fault, and they're not reporting being scammed by AMF. A fool and their money, etc...
Given you're dealing with an RWI TD who has proven themselves to be trustworthy (hence the Trusted Dealer status), then the only thing you need to be sure of is that you're definitely dealing with the real AMF - as P..DR..D has already advised.
Follow AMF's instructions, and all should be good.
Given you're dealing with an RWI TD who has proven themselves to be trustworthy (hence the Trusted Dealer status), then the only thing you need to be sure of is that you're definitely dealing with the real AMF - as P..DR..D has already advised.
Follow AMF's instructions, and all should be good.
Here is my message to AMF via the conversations link on this site. Does anyone see any red flags or would you send/have you sent a wire to them?
<Don't share private messages, key word is PRIVATE>
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- 18/3/24
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is the watch already built? Or is it being commissioned to be made? I would ask if a deposit would be sufficient until completion. But just my 2cents.
- 3/4/16
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Yes I agree with this 100%. Put a deposit first and once the item is ready ask the dealer to send the pictures before you pay up the balance.
Thanks
Stuvetjee
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Why is that? When ordering a watch from you 100% need to be paid upfront too. Same goes with custom builds. All these things need to be paid upfront. What if the buyer ghosts after deposit? AMF is stuck with a hefty price tag watch...
@OP AMF is trustworthy.
- 24/10/17
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A relative noob paying 17k for rep! Wowsers, you my friend have elephant balls! Good luck and please post pics once it's all done and dusted.
Yessir! I’ve bought reps and own a few gens. I’ve wanted a gold Rolex Presidential (Day-Date) or an AP Royal Oak for a while. I decided on the Rolex. A gen is going for 40k + right now. I figure that worst case scenario, if the rep looks terrible (doubtful based on what I’ve seen from AMF), I can get the gold melted down and keep the money. Either way I win!
- 18/3/24
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That would be the point of the deposit, the deposit offsets the cost of the piece. If the buyer deposits 5k on the piece, and ghost, you only need to sell it for 12k to make back the same 17k.
Shouldn’t be difficult to do on a 17k piece to sell it for 12k-15k.
The only advice i can give, well more common sense really, is to stake what you can afford to lose.
@Art Vandelay (great username btw), what exactly would I be gambling and/or possibly losing? Are you saying that wiring the money is foolish? Or are you saying that spending money on a gold rep is foolish?
Also, George’s answering machine greeting song is in my head now: Believe it or not, George isn't at home. Please leave a messaaaage at the beep. I must be out, or I'd pick up the phone Where could Iiiiii be?
It's an old rep world adage.
One never knows what can happen.
One never knows what can happen.
munichman
Active Member
For what actually?
Are they going to source a gen casing or are they actually casting the case individually for you?
And what is with the bracelet?
I suppose it will be a Day Date 40mm with a presidential bracelet.
All in all a little strange from my point of view.
One of my favourite episodes. Hello Alison? I guess you're not home, I knew I should have tried your office!
It was a general statement and by no means intended to dissuade you.
Ultimately we are dealing with black market goods that authorities, customs, shipping agents etc may not look too fondly upon. Things can happen.
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Got it. Fair enough. And yes, that’s a great episodeOne of my favourite episodes. Hello Alison? I guess you're not home, I knew I should have tried your office!
It was a general statement and by no means intended to dissuade you.
Ultimately we are dealing with black market goods that authorities, customs, shipping agents etc may not look too fondly upon. Things can happen.
Stuvetjee
For all your RM Strap and Jewelry needs!
Vendor (Strap Maker)
Moderator Sales
Section Moderator
Certified
Sure, if you have it in stock leave a deposit and reserve it for the x amount of time agreed on. To have a watch made from scratch takes up full $$. No TD wants to have stock of such expensive reps.