Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries - Peugeot Montblanc Vs Koga Miyata
Bikeforums.net is a forum about nothing but bikes. Our community can help you find information about hard-to-find and localized information like bicycle tours, specialties like where in your area to have your recumbent bike serviced, or what are the best bicycle tires and seats for the activities you use your bike for.
02-19-13, 05:14 AM
First post, love the forum.
Well, I'm in the market for a new/old road bike, and have myself a predicament.
I can't decide on which bike, either a Peugeot Montblanc-
Or this mysterious Koga Miyata-
It isn't hard to see which is in better nick, but the Koga has an undefinable charm, and I suppose is a better bike (although probably needing a bit of work).
Also I need to take into consideration the location, the Peugeot is pretty much round the corner, but the Koga is a few hours drive.
The owner of the Koga wants $300...I don't know much about it, and there could be nothing or everything wrong with it. it looks similar to this though-
Advice? Past experience with these machines? Preference? What would you pick?
Any help would be greatly appreciated.
02-19-13, 05:37 AM
Looks like the Pug is ready to go... Koga needs some love.
02-19-13, 05:51 AM
Yeah... And of course I wouldn't mind doing some work on it, just not sure if the price is reasonable etc.
02-19-13, 06:02 AM
Are they the same size? The Myata looks bigger by a few cm. If you can score the Myata for $200 or less it would be a fun project but needs some love and lots of money. Tires, cables, brake pads, a full overhaul of all the bearings. That can add up even if you can do most of the work. Just where are these and what is a few hours? Are we talking a round trip from Boston down the cape and back, (2-3) or Spokane to Ellysburg and back home? (8ish?)
02-19-13, 06:24 AM
I'm actually from Australia (north Queensland). We would be talking probably a 5 hour round trip, so I'm guessing maybe 100-200 in fuel to add on top...
does anybody actually know the model of the Koga? Pretty bad photos...
I like the Koga, but the condition dictates a big discount. Cobwebs, rusty cables, count on it needing a complete tear down and rebuild. If you do not have the time/tools/aptitude/pile of parts, forget buying a project. Its more than mechanical aptitude. Bikes use a lot of specialized tools, and sourcing parts at reasonable cost can be a lot of work too. Pay retail for parts (your LBS), and the cost of rehab gets substantial.
The Koga owner is in pure dreamland pricewise. Realize unless you do the work yourself, the bike needs about $250 (if not more) in service work. Doing the work saves you on labor (is your time free), but parts cost money.
Five hour round trip? No freakin way. I am not shy about traveling long distances to get a deal, but $300 is not a deal. I drove 7 hours round trip to pick up my Tommasini last year, but it was for sale for about 30% of market value. When I drive longer distances to get a bike, I try to pick up more than one, to spread the cost a little.
Rust is the enemy of steel bikes and components. I see a fair amount of rust on that brake caliper.
People that buy project bikes (like me) only buy them when the discount justifies the additional time and expense.
Be sure stem and seat post are not stuck. That bike is a prime candidate for stuck post and stem.
02-19-13, 06:38 AM
Thanks for the advice, and yeah I would have (hopefully) all the tools and know-how that the Koga would demand. I also have a fair stockpile of parts. But am I to assume that it is nothing special? Has anybody owned one, or similar?
How about the Peugeot? Any advice on that?
Both bikes are overpriced for my market. $400 buys a lot, more than that Peugeot for sure. I do not know your market. In the US, older bikes compete with the new stuff from the internet brands like bikesdirect. So unless it is something really good, you just can't get those prices.
In my market, without more info, that Pug is bringing $250, $275 tops, and the Miyata is bringing $150 tops. Buyers want bikes ready to ride, and people buying projects expect to get deals.
02-19-13, 07:24 AM
The Koga Miyata ad says "negotiable" so throw out a lowball amount and see if you get anywhere. There appears to be a model name on the top tube, but the photo is too grainy to read it. The vintage water bottle is worth more than you'd think. In the USA, the name Koga means almost nothing, except to a handful of enthusiasts. On the other hand, Miyata is a worthy name.
The 1985-1989 Peugeot is a lugless HLE frame. Not as elegant as the lugged K-M, but it would be a nice rider. It should have Huret Rival derailleurs. In the USA, $400 would be IMHO on the high side for a bike of similar specification. I would put a FMV ready-to-ride value of $250 +/- 20%, depending on paint, no rust, season, etc.
As full disclosure, I currently own and ride 2 Peugeots. I must have 5 or more Peugeot Mixtes to flip. I also just acquired an incomplete 1983 Koga Miyata Gents Racer, in the project cue. I also own a vintage Team Miyata and just acquired a One Ten to flip. Personal experience doesn't make me an expert on either of the two bikes you are evaluating.
Most things are cheaper in the US, so maybe we cannot directly apply US based valuation to bikes abroad. I would think that the price would be really somewhere between the 400 asking and the us based estimates so far...so, maybe $300 max.....
As for comparing the bikes, frame-wise it's close to a toss up, except that the K-M will attract more buyers with the fully lugged frame. Old steel bikes is usually = to lugs on frame for most people looking for them. I also noticed that the K-M seems to have a higher level component group than the Peugeot, so that helps. I think in the end these two bikes presented in the condition they are presently in, they are can sell for pretty much close to identical prices, I'd go for the K-M as I think it will be a nicer bike after it's all cleaned up.
02-19-13, 01:57 PM
02-19-13, 04:35 PM
Yeah the water bottle was the first thing to catch my eye. It looks as though the pump might be original too.
Thanks curbtender, I can see now that it is a Road Speed, which seems to be a mid range KM.
i made an offer and he has no flexibility on 300. It seems sensible to make an offer on the pug. The guy with the Koga is not negotiating, and I would have to drive to cairns to even assess the overall condition of it (rust etc). It is not a bad price for the aus market, but looks like this one might not be worth it.
ill try for the Peugeot...
thanks for the advice!
02-19-13, 07:39 PM
They have sentimental value to the owners. Usually a trip to Europe and a tour that brings them where they are.
Powered by vBulletin® Version 4.1.12 Copyright © 2014 vBulletin Solutions, Inc. All rights reserved.