So here are the deets: I found a black 42mm Series 1 (not a first gen S0, an actual Series 1) on ebay for $120. I checked the serial number pictured and it has AppleCare until October 2017, which means the watch is only 2 months old. There is no exterior physical damage but it's just showing the orange exclamation mark on the screen. The seller, who has a very high feedback score and a 15 year old ebay account, has promised that if i take it to the Apple Store they will most likely send it out to be replaced and I'll have a fully functional watch. If that doesn't happen, I can ship it back to the seller for a full refund and I have this in writing. If all goes according to plan, I will have a fully functional new condition Series 1 Apple Watch for $120. Deal of a lifetime? I certainly hope so. I'll keep this thread updated as I go through the process of making it happen, the order has been placed and paid for today. Awaiting a tracking number, let's see what happens!