FREQUENTLY ASKED QUESTIONS

Since inflation has been a constant threat to the value stored in fiat, people often protect themselves by investing in assets that maintain their value over time. Historically, gold has been used as a hedge against inflation, as well as the kind of watches we sell here, but now crypto has become a more popular alternative over recent years. Crypto is fundamentally a deflationary asset, which is why citizens of countries with unstable fiat currencies are increasingly using it as a store of value to protect against hyperinflation and rising costs of everyday goods and services. Unlike fiat, crypto can’t be manipulated to the same extent by changing interest rates and increased money printing. Most importantly, most Crypto’s supply is limited which makes it an attractive store of value that is resistant to inflation. Although inflation remained stable during the last year as the Coronavirus pandemic kept businesses grounded, it has already risen and it is expected to keep rising in the near future as spending increases and economies open up. As a result, individuals and businesses invest gold, real estate and other assets, like watches, to protect themselves from future inflation. Over the last decade, Bitcoin and other cryptocurrencies have shown that, like those assets, they too play a role during inflationary periods.

Cryptocurrencies often experience sudden price movements, which for many, makes them an unattractive store of value. While a 30% drop in price over 24-48 hours is considered rare and disastrous in traditional markets like stocks, these are relatively common events in the crypto market. If you’re hesitant about crypto’s volatile nature, you can consider using stablecoins.

Any asset used as a store of value and a hedge against inflation require a high level of stability and trust. Cryptos like Bitcoin or Ethereum, for example, don't grant that stability, but stablecoins do, while still being decentralized. Trading Forex and different fiat currencies is a popular method to combat inflation, and stablecoins offer you an even more convenient way to participate in the market. Unlike traditional currency markets, stablecoins can be purchased 1:1 with USD via wire transfer. Citizens of hyperinflationary economies often have to deal with a volatile fiat currency. Stablecoins are a great alternative as more merchants and stores are starting to accept crypto as a payment. In fact, fiat-backed stablecoins are becoming increasingly popular in unstable economic markets. Stablecoins are considered to be a very safe long term source of investment. According to financial experts.

Stablecoins are the answer to the calls from early crypto investors looking for a crypto-equivalent to fiat currencies like the dollar. It needed to be something that could reliably hold value over time without volatility and allow them to easily transfer that value. For instance, a solution that lets Bitcoin investors quickly convert their Bitcoin profits to a dollar-like value and then invest that elsewhere or simply withdraw that amount to your bank account. And, thus the ‘stablecoin’ was born, to address exactly these issues. Stablecoins enable investors to keep money in their digital wallets that is less volatile than Bitcoin or any other cryptocurrency, giving them one less reason to need a bank account. For a whole movement that is about a declaration of independence from banks and other centralised financial providers, stablecoins help to facilitate that.

Online purschasing using crypto is done through a normal checkout of the shopping cart. Add your item to Cart and checkout as usual Fill in the shipping address and delivery method Choose CoinGate as the method of payment and follow the steps If this is your first time paying through CoinGate, they might ask for a KYC verification. CoinGate is one of the largest cryptocurrency payment processing platforms in the market. If you want to learn more about CoinGate, click here.

Vintage Watch Collective is currently accepting payments for all watches through CoinGate online checkout (see last FAQ) in more than 70 cryptocurrencies.

Reference: 1665 Serial: 5714xxx Year: 1978 Case: All Stainless Steel Dimensions: 40mm excluding original crown Function: Diver Caliber: Caliber 1570 Automatic Strap: 20mm Rolex 93150 stainless steel bracelet with 585 end links and clasp code J6 Crystal: Acrylic Box/Papers: No/No

According to serial number range, this example is a MK 2 ‘Rail’, however, it presents and old (1980s) tritium service dial. The lume plots are perfect, with a kind of waffle stamp and an even pumpkin color. The black matte dial remains in top condition too with no stains, spots, or scratches. The hands show a lovely matching patina too. The 80s service bezel insert remains in very nice shape. The case remains very thick and has been previously polished. The T39 superdomed crystal has no scratches and magnifies the maxi lume plots giving it a distinctive look. It comes suited on a 20mm Rolex 93150 stainless steel bracelet with 585 end links and clasp code J6.

The Double Red Sea Dweller eventually production stopped around the 5.2 million serial and since then a new watch that retained the model number 1665 was born. The new watch had the same case as the 1665 but the dial was now devoid of the red paint and new fonts were used and the case back was also different.

Our minimum consignment period is of three (3) months. However, this can also be agreed between both parties.

Yes. Transparency is our policy. When a consignment agreement is reached, a Consignment Contract is signed by both parts. In this contract, every term is written down. This includes the consignor and consignee's information, the watch's info (brand, model, reference number, serial number, quantity), property, authenticity and provenance statements, minimum consignment period, payout terms and commission fees.

Upon arrival, our team of experts makes a thorough inspection of the watch received to check the condition. Within this process, authenticity is checked among other aspects.

Any costs regarding shipping the goods to us like the shipping itself, insurance or any possible import taxes, will be deducted from your payout if these costs have been initially covered by us. Any shipping costs regarding the sale are fully covered by us.

Our team provides assistance when shipping your watch to us. We can either help you out through the process or order the pick-up ourselfs. In this case, you will just have to follow our instructions regarding packaging and print the labels we will send you.

Because of various reasons: You safe money. Our 6% fixed fee is lower than the average 6.5-8% of well-known selling platforms plus there are no memberships. You safe time. You don't have to worry about anything. No time wasting dealing with buyers, marketers, collectors, or just curious or even with shady people. You safe health. Reduce to zero your risks. Your watch is with us? Then it's now our full responsibility when storing, shipping, etc.

Absolutely. The watches under our responsibility are stored in a bank safe and only taken out for the photography session and for shipping when sold. When your watch is sold, it is shipped fully insured. Watches aren't used or worn during the consignment period and are never exposed to any meeting in person with possible clients unless these clients are from our absolut trust.

Congratulations. Your watch sold and you will receive your payout through bank wire within 48 hours upon the arrival of the watch to the buyer.