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Is a vintage touring bicycle worth as much as a new good quality touring bicycle?

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Is a vintage touring bicycle worth as much as a new good quality touring bicycle?

Old 06-20-13, 04:28 PM
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Is a vintage touring bicycle worth as much as a new good quality touring bicycle?

Saw this on ebay: https://www.ebay.com/itm/Miyata-1000L...item3a823b1347. A pretty good looking Miyata 1000LT for $800 plus $175 shipping which brings the total cost to close to $1k. Is it worth it? I've worked on Miyatas in a bike shop and thought they were terrific bikes. My all time favorite bike is a team miyata that I raced on and still own. Still I can't fathom paying almost as much for a used 1000LT as I would for say a Surly LHT (I think they run around $1200 new). But then if I were to buy a touring bike, I'd buy it to tour and the Surly LHT is a darn good touring bike.
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Old 06-20-13, 05:29 PM
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I wouldn't buy at that price. If you are patient, and willing to travel a couple hours, you can do much better. I picked up a 1983 Univega Gran Turismo for $40 that needed about another $150 to make it really nice. That one I kept. I got another 1983 Miyata Six Ten for $80 that I flipped after putting $50 into tires, cables, and bar tape. Both bikes were only a 45 minute ride from my house.
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Old 06-20-13, 06:38 PM
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The new bike will lose half it's value in a year or two, the old bike probably won't lose much, even if it is a little overpriced.
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Old 06-20-13, 07:45 PM
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Originally Posted by wrk101 View Post
And some deals have "issues". Many buyers want something ready to go, rather than a major project. I picked up a Trek 520 a couple of weeks ago, for $40. Project? You bet. Lets see: seatpost was badly stuck, derailleurs were toast, wheels were shot, cables, chain, freewheel, saddle, pedals, shift levers, brake levers, head set, bottom bracket, tires, tubes, brake pads, etc., all toast. The only pieces I was able to reuse: frame, fork, crankset, stem, and handlebars. Oh yeah, and it wasn't my size either. So how good of a deal was it really?
For guys like us, it's a fine deal. You can sell the frame on Ebay for a tidy profit and add the salvageable parts to your bins. If you want to keep it complete, you've got all the stuff you need in your bins to make it complete and still turn a profit. If you look at the 1000LT on Ebay, how do you know there aren't issues at $975? There's a good chance that the fork's steerer is cracked due to the stem being way above minimum insertion and wedged in the threads. Maybe the seatpost is stuck on that one also. The pictures are lousy at best, so assessing the condition is difficult. Let's be honest, if it weren't for Sheldon Brown calling the Miyata 1000 the finest production touring bike, it wouldn't get any more of a premium than the other top touring rigs of it's era. No doubt Mr Brown was correct, but if it came from anyone else, the Miyata 1000's would be just another $400 vintage tourer.
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Old 06-21-13, 07:41 AM
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Originally Posted by likebike23 View Post
For guys like us, it's a fine deal. You can sell the frame on Ebay for a tidy profit and add the salvageable parts to your bins. If you want to keep it complete, you've got all the stuff you need in your bins to make it complete and still turn a profit. If you look at the 1000LT on Ebay, how do you know there aren't issues at $975? There's a good chance that the fork's steerer is cracked due to the stem being way above minimum insertion and wedged in the threads. Maybe the seatpost is stuck on that one also. The pictures are lousy at best, so assessing the condition is difficult. Let's be honest, if it weren't for Sheldon Brown calling the Miyata 1000 the finest production touring bike, it wouldn't get any more of a premium than the other top touring rigs of it's era. No doubt Mr Brown was correct, but if it came from anyone else, the Miyata 1000's would be just another $400 vintage tourer.
These are great points but Miyatas had a great reputation when they were being sold as well. I'm impressed with how well the paint job on my team miyata has held up over the years and the frame still rides great.
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Old 06-21-13, 07:44 AM
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Originally Posted by wrk101 View Post
Is it worth it? To the right buyer? Probably, but it could take a while to find that buyer. And if someone can do a local pickup, that saves quite a bit of coin.

Some buyers are willing to pay more for convenience. They want it in their size, and they want it NOW. On new bikes, that's not a problem, just go to your local bike shop, and buy one. On vintage bikes, its much more challenging.

Some are willing to be patient, and launch immediately when they do see a deal, as there are a lot of people out there beating the bushes looking for the same deals. While I could list some of my better finds, they have come in part to looking continuously, not being concerned about size, and willing to drive a long freakin way to get a deal. So sure, I have found a lot of deals on touring bikes in the last few years. But how many deals have I found on nice touring bikes in my size? One. That's it, in the last three years.

. . .

And you are comparing a bike that is at or near the top of the heap of touring bikes, to a good solid, but kind of average, modern touring bike. Compare the LHT to a mid level vintage touring bike, like a Trek 520, or a Miyata 615, Centurion Elite GT, and so on. Those tend to go for more like $400, which is a significant savings over a new LHT.

. . .
So I agree with most everything you said but the LHT is in many ways a fair comparison if you actually want a bike to tour on. If you want to buy a vintage bike to collect that's fine but I like them because they're cool and less expensive than a good quality modern alternative. This bike on ebay isn't and who knows what kinds of issues the bike has.
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Old 06-21-13, 10:49 AM
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Originally Posted by bikemig View Post
These are great points but Miyatas had a great reputation when they were being sold as well. I'm impressed with how well the paint job on my team miyata has held up over the years and the frame still rides great.
Originally Posted by wrk101 View Post
Yep, me too. I tend to avoid the vintage bikes that enjoy a "collectible" premium.

If I was going on a serious tour, I would leave my 1984 Trek 620 at home, and take the 1999 Trek 520 instead.
I'm a Miyata fan for sure and would love to have a 1000. But like wrk101, I wouldn't go out of my way/overpay for one. There is a lot of hype out there for certain bikes, components, saddles, etc. My experience has shown me that sometimes the hyped up gear can be disappointing, and the unheralded stuff can be fantastic.
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Old 06-21-13, 11:03 AM
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The continued popularity of the vintage touring bikes - Trek 520/620/720, Miyata 1000, Specialized Expedition etc. - would seem to speak for itself.

Would a modern touring bike work any better for you? Much depends on your particular needs. If you're an outlier as far as sizing, you might not be able to find a vintage one that fits. If your budget allows, you can certainly have a component upgrade with the newer models, as the older vintage touring bikes tended to top out around a 6-speed cluster. Having said that, I much prefer the ride of the older lugged steel Trek 520 to the modern TIG-welded Reynolds 520 version.
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Old 06-21-13, 06:13 PM
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FWIW:

This 1985 Trek 620 brought $810 plus $100 shipping.

https://www.ebay.com/itm/Trek-620-720...p2047675.l2557

1985 520 brought $600 plus $100 shipping.

https://www.ebay.com/itm/Vintage-1985...p2047675.l2557

Trek 720 brought $1,005 plus shipping.

https://www.ebay.com/itm/Trek-720-Tou...p2047675.l2557

Here's the winner, Trek 728 brought $1,389 plus $125 shipping (another one not as nice brought $1,100).

https://www.ebay.com/itm/Trek-728-lug...p2047675.l2557
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Old 06-21-13, 06:40 PM
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I must admit, with two 620s, two 520s, and one 420 right now, I am liking those eBay sales figures!

Note, it looks like buyers/bidders are not very creative/knowledgeable, as touring bikes from other manufacturers seem to bring less.

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Old 06-21-13, 07:09 PM
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Yep... looks like a later 1000 LT, based on the decals.

IMHO (read: VERY humble), if the 1000 is the right size, is in good shape, and you like everything about the bike... then why not buy it? With shipping, the price will be close to a LHT, yes. You'd also be looking new vs. used; that's a factor for sure. Lots of folks out there have LHT's, in many variations. But, a 1000 LT is that rarity that doesn't come around very often. Why be like everyone else? You know Miyata quality... and I have a feeling you know how it's going to ride.

Go for it, man... get the nihonjin version of the LHT!
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Old 06-21-13, 08:35 PM
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Originally Posted by wrk101 View Post
I must admit, with two 620s, two 520s, and one 420 right now, I am liking those eBay sales figures!

Note, it looks like buyers/bidders are not very creative/knowledgeable, as touring bikes from other manufacturers seem to bring less.
We can just call this the Sheldon Brown effect,
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Old 06-21-13, 08:39 PM
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Originally Posted by oldskoolwrench View Post
Yep... looks like a later 1000 LT, based on the decals.

IMHO (read: VERY humble), if the 1000 is the right size, is in good shape, and you like everything about the bike... then why not buy it? With shipping, the price will be close to a LHT, yes. You'd also be looking new vs. used; that's a factor for sure. Lots of folks out there have LHT's, in many variations. But, a 1000 LT is that rarity that doesn't come around very often. Why be like everyone else? You know Miyata quality... and I have a feeling you know how it's going to ride.

Go for it, man... get the nihonjin version of the LHT!
Thanks guy. Actually it turns out the bike is too small, It's listed for someone 5 ft 10 to 6 ft so I assumed it was around a 56 cm but now the seller has edited the ad and actually put the size which is around 20 inch. The S doesn't really seem to know that much about bikes otherwise he or she would have put in the correct size for the bike originally.

This Miyata 1000 is being sold at $1k: https://www.ebay.com/itm/Miyata-1000-...item4174423276

So yeah this is the Sheldon Brown effect; every seller thinks that this bike commands a premium and maybe they're right.
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Old 06-22-13, 09:09 PM
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bikemig,

How about a 57cm 1000LT? Looks just like the ones on the Bay...

[h=2]1991 Miyata 1000LT 57cm (Fort Collins)[/h]

According to many folks, this is one of the finest touring bikes ever made. The lugged frame is constructed from Miyata's famous Spline Triple Butted steel tubing. Most of the original components have been replaced with a truly rugged touring build featuring: Salsa Delgado cross rims laced to Shimano LX mountain hubs, Maxxis Locust CX tires, an LX rear derailleur, Ultegra triple crank, Shimano 8/9 speed bar-end shifters, Avid V-brakes and Tektro long-pull levers. The panniers and bags shown in the photo are not included, but the front and rear racks are. $650 OBO. Thanks for looking.
  • Location: Fort Collins
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Posting ID: 3833379644
Posted: 2013-05-27, 9:32PM MDT
Updated: 2013-06-21, 10:08AM MDT
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