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22" Formula 602 Ride - value

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I am new to the forum so a big HI to all from Durban, South Africa.

I need some input from you experts - I recently picked up a 22" Paiste Formula 602 Ride (serial number 414440) and a 20" Formula 602 crash (serial number 414435) for the equivalent of around 200 USD for both - yes, 100 each! The guy that I bought them from got them from a friend who got them from his dad etc etc. He was however not really a drummer and the cymbals were in his way. He had no real idea about the value of cymbals.

Both these cymbals are in immaculate (dare I say as new except no logos - see hereunder) condition without a scratch, dent, crack, stick and other marks, patina - nothing. In fact they really do shine like new cymbals with just the usual finger marks that appear on shiny polished cymbals. It is quite evident that the previous owner looked after them very well. In fact, so well that the logos have been polished off over the years. The cymbals, both, however do have the shooting star stamp and the "PAISTE FORMULA 602" stamped on them and from the serial numbers I gather that they date back to 1974. I looked at the paiste-wiki site and the stamp on the cymbals are typical of the "Black Label" 602's.

I am not quite sure but it would appear as if the ride is a Medium ride and the crash is a thin. However, due to the stamps having been erased, I cannot say for sure. I have not weighed either.

The purpose of this post is to establish whether the fact that the logo's do not appear on the cymbals anymore impacts on their appeal as collectors items and secondly, if I should wish to sell them, what price can I (more or less) expect?

Thank you guys and any input would be appreciated.

Drums: Ludwig / Star / Tama / Yamaha
Snares: Arai /Mapex / Ludwig / Slingerland / Star / Tama
Cymbals: Meinl / Paiste / Tosco / Wuhan /Zildjian / Zyn
Posted on 10 years ago
#1
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Value of older 602's have declined a bit with the re-introduction of the 602 line a few years ago.

That being said, they are still collectible because they are original, however it is the ones from the era with no serial numbers that are more desirable as they would be older and appeal to a collector. However, with any cymbal, it's the sound right?

Check eBay for completed listings of comparable cymbals to get an idea as to what you might get for them. Great cymbals, I have a ride and crash (Pre-serial) with the red logos on them, the black were rubbed off. Excellent cymbals.

Its better to have people think you're an idiot, than to open your mouth and prove them wrong, unless you doubt yourself then speak away....
Posted on 10 years ago
#2
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Most 602's sound REAL good.....

"Always make sure your front bottom BD lugs clear the ground!"
Posted on 10 years ago
#3
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I sold a 22 Pre serial 602 online for 290 about 6 months ago. But it was only 2590 grams. The weight will dictate the price. Id say between 250 and 350, lighter cymbals being worth more.

Posted on 10 years ago
#4
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You can see what the actual data on sales are from 2006 onwards by following through the links in my signature. I've collected data from several thousand sales. No need to rely on opinions or the occasional example when you've got the evidence of 2,667 sales (and counting) available to you for free.

When the logos have been polished off this does seem to lower the price by about 20%, but the effect isn't the same across all sizes and models and weight classes. Still, it works as a general rule of thumb. If the cymbals are "polished within an inch of their life" (as I call it) rather than allowed to age naturally that is also a slight minus factor.

Prices you might get in your local market are not the expected prices in the USA market. You need to make local corrections. If you are going to try and sell them in the USA (or Europe) then you may not get the expected mean price in the USA because people are shy about overseas deals and shipping costs can be a deal breaker.

Alas, the site owner of Paiste-Only is allergic to any mention of value, or buying and selling cymbals, so my price studies are not allowed to appear there. But my extensive weight data is in the wiki. You don't give the actual weights and if you want a better estimate of value you need to do that and post the weights here. Weight matters to expected price.

If you want any special analysis done, just ask. I'm up to about the end of December 2013 on my data entry now, but spot checks tell me not much has changed since the last tables were produced.

Posted on 10 years ago
#5
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From drumbum55

I sold a 22 Pre serial 602 online for 290 about 6 months ago. But it was only 2590 grams. The weight will dictate the price. Id say between 250 and 350, lighter cymbals being worth more.

Since these are black labels (they have serial numbers indicating 1974) those tend to go for a bit more. Ignoring their being black labels your sale is consistent with my tables.

Blue labels tend to do better than black labels in expected price, with pre serial being the lowest of the three.

Posted on 10 years ago
#6
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From backbeatkeeper

Value of older 602's have declined a bit with the re-introduction of the 602 line a few years ago.

The data don't support much of a drop. The average is down by $10 for the 20" ride. Not much change to the average, and not significant if you consider the variability in prices. Potential price suppression was just one theory about what might happen to used 602 prices. On the next data analysis sweep I'll be doing some more analysis on what re-issue prices are doing and plotting them along with the others. Since the 22" reissue isn't "general release" it may not be doing anything to the used 22" prices except raising interest in the 22" 602 in general. We'll see.

Note also if that 602 22" ride is a 602 Dark Ride then the prices (and weights) are different again. I've got a specific fact sheet on those. The hammering looks very different. A photo of yours would help us identify it. Sometimes the very earliest ones can be quite subtle in terms of the hammering (based on one ambiguous one I know about which did resolve into a 602 Dark Ride). Does the hammering look exactly the same on the 22 and the 20? Or is it tending towards...

http://www.paiste-only.com/paistewiki/index.php?title=Formula_602_22%22_Dark_Ride

Posted on 10 years ago
#7
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Congratulations!

Posted on 10 years ago
#8
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Thank you guys for the input and Zenstat for the data sheets. Those are very helpful and very well compiled. Great job!

I don't have weights but will weigh them shortly and let you know. The crash is rather thin - thinner than my Giant Beat Multi. The ride is what I would call medium thin - thinner than a 2002 ride.

Here's a couple of photos:Sorry I cannot seem to upload - i get some error message.

BTW: Here's an extract from an email that I received from Christian Wenzel from Paiste (who I was lucky enough to have met during a factory tour in 2012) - . Unfortunately the serial no. gives not more than a hint on the year of production. The cymbals were made either in 1974 or 1984. The engraving was the same for both production periods. --------- i found this rather surprising as I thought that a 414 number would mean produced in 1974 and that the engraving changed between 74 and 84 - anyway, I sent him some pics of the cymbals and will let you guys know as soon as I hear from him.

Regards

Erik

Drums: Ludwig / Star / Tama / Yamaha
Snares: Arai /Mapex / Ludwig / Slingerland / Star / Tama
Cymbals: Meinl / Paiste / Tosco / Wuhan /Zildjian / Zyn
Posted on 10 years ago
#9
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From Black Label

Thank you guys for the input and Zenstat for the data sheets. Those are very helpful and very well compiled. Great job!I don't have weights but will weigh them shortly and let you know. The crash is rather thin - thinner than my Giant Beat Multi. The ride is what I would call medium thin - thinner than a 2002 ride.Here's a couple of photos:Sorry I cannot seem to upload - i get some error message.BTW: Here's an extract from an email that I received from Christian Wenzel from Paiste (who I was lucky enough to have met during a factory tour in 2012) - . Unfortunately the serial no. gives not more than a hint on the year of production. The cymbals were made either in 1974 or 1984. The engraving was the same for both production periods. --------- i found this rather surprising as I thought that a 414 number would mean produced in 1974 and that the engraving changed between 74 and 84 - anyway, I sent him some pics of the cymbals and will let you guys know as soon as I hear from him.RegardsErik

re: the decade by serial: that's always been the case. But the weights; stamps; patina; lathing and general appearance let you know. This is indeed more difficult with highly polished Paiste cymbals. I can tell by many means; including the smell and the taste. I kid you not.

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Posted on 10 years ago
#10
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