SPD M525 clip on pedals, does 40$ sound
#2
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depends...you like a pedal with no float? Those ones have none. So then you probably got a good deal (if looked after) as they are hard to find. But if you prefer float, then you could have gotten 520's new for that or 540's for not much more.
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Sounds a little steep to me for used pedals. Nashbar advertises brand new 520s for $55.00.