[WTB] Nexus 5 32GB Black D821 (International)

[Paul Troon]

I would like to buy two Black 32GB version Nexus 5 phones made for "Rest of World" (RoW) sold outside of North America.  Model number LG D821.  Shipping to North America (California).

I have seen the following international prices:

India Play Store - 32999 Rs ($528)
European Play Store - 399 EUR ($537)
Hong Kong Play Store - HK$3,588 ($462)

Ideally I would like to order it from someone able to buy from the Hong Kong play store who could then add handling fee + shipping.  I will pay in Bitcoin with escrow, at the exchange rate defined by the BitcoinAverage.com USD price (without Mt.Gox).

So for example,  assuming Hong Kong play store seller:

3588 HKD - phone price
  300 HKD - handling fee + shipping to USA
-----------
3888 HKD -> 502 USD (as per Google)

$502 / 579 BTC (bitcoinaverage.com USD average without Mt.Gox on 11/20/2013 @ 9:42 AM PST) -> .867 BTC

So in the above example, I would be willing to today pay .867 BTC to escrow for one Black Nexus 5 D821, including shipping to USA.   Actually, if I can find the right price I would be willing to buy two phones like this, so it would be 1.734 BTC to ship two LG D821 phones to USA.

For someone who wants to acquire some BTC at a favorable rate, this is a good deal I think.    This is an experiment to see how I can use escrow to buy with Bitcoin person-to-person.   I would not want to pay more than I can buy it for Bitcoin via an online retailer that accepts bitcoin.  Currently CoinsForTech has the phone for .98 BTC + shipping.

[1714973505]

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[1714973505]

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[1714973505]

1714973505

[Paul Troon]

Update: even cheaper on the Australian play store.

Australia Play Store - 449 AUD ($419)

Would love to be able to arbitrage these different play store prices using Bitcoin.  Just need a reliable bloke from down-under to help me out. 

[francong]

I am living in Hong Kong and I am willing to do this deal. You can pm me anytime.

FYI : My estimated shipping fee for 2 phones(2.5lb) is HKD$130. When the parcel arrived US it will be handled by USPS.

[rammy2k2]

I am living in Hong Kong and I am willing to do this deal. You can pm me anytime.

FYI : My estimated shipping fee for 2 phones(2.5lb) is HKD$130. When the parcel arrived US it will be handled by USPS.

do u accept escrow ?

[TheButterZone]

http://coinsfortech.com/shop/lg-nexus-5-32gb/

[Paul Troon]

Update: I  am withdrawing my offer, and will be using ShopandBox to get the phone from Australia with fiat instead.  In the final analysis, I'm not ready to part with my precious bitcoins just yet.

On a side note, I had an interesting discussion with ShopAndBox and they seem willing to investigate adding a Bitcoin payment option.   I think it would be very complimentary to their business model, as it would also be for AirBnB, Uber and any other international person-to-person style business.

It's hard to say now whether or not using CoinsforTech or Francong with escrow would have been a better deal, but the personal service I received from ShopAndBox gave me the confidence to pull the trigger.  Trust is always an issue when buying over the internet, and especially when paying with bitcoins.   Easier to use escrow services and reputation systems would help.  Wild fluctuation in the bitcoin exchange rate also makes it harder right now to use bitcoins, but I expect that will become less of a problem over time as the market depth grows.