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New Member - Need Valuation Help

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Hi all! Having a fight with the insurance company. Kit damaged in water main break and resulting flood. All classified as "Non-restorable". Need some help with valuation - appreciate it will all be ranges and based on what I can tell you. No pics available as insurance company has kit stored long ways away. Any help greatly appreciated. Here's what I know or believe based on my research so far.

Drum specifications:

1970's Rogers set (appears to be 1976 or 77 given finish).

Metallic Silver finish (087). Shells are in very good to excellent condition. No chips, cracks, etc. Multi-ply shells with grey matte finish on interiors.

My recollection is a "Pro Series II" edition but I haven't been able to find reference to that model.

Seven piece kit - snare, bass drum, five toms.

Snare is mid- 70s "Chrome on Brass" with Swiv-o-matic Perma-Tension strainer - "Clockface".

Beaver Tail lugs on all.

Stands and hardware:

Supreme hi-hat, snare drum and 2 cymbal stands are all Rogers originals, "Memriloc" hardware. Hi-hat and snare drum stand alone appear to be worth $400 each.

One boom cymbal stand (make unknown)

Cymbals:

Meinl hi-hats (14")

Zildjian Crash 16"

Zildjian Ride 18"

Zildjian Ride 20"

Other Features:

Ghost bass drum pedal.

Generic throne.

Accessories - cowbell, woodblock, tambourine, various sticks, large wheeled drum case (1.5' x 3' x 3' approx).

Thanks for your time and any input.

Posted on 15 years ago
#1
Posts: 5227 Threads: 555
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From WaterDamage

Hi all! Having a fight with the insurance company. Kit damaged in water main break and resulting flood. All classified as "Non-restorable". Need some help with valuation - appreciate it will all be ranges and based on what I can tell you. No pics available as insurance company has kit stored long ways away. Any help greatly appreciated. Here's what I know or believe based on my research so far.Drum specifications: 1970's Rogers set (appears to be 1976 or 77 given finish). Metallic Silver finish (087). Shells are in very good to excellent condition. No chips, cracks, etc. Multi-ply shells with grey matte finish on interiors. My recollection is a "Pro Series II" edition but I haven't been able to find reference to that model. Seven piece kit - snare, bass drum, five toms. Snare is mid- 70s "Chrome on Brass" with Swiv-o-matic Perma-Tension strainer - "Clockface". Beaver Tail lugs on all. Stands and hardware: Supreme hi-hat, snare drum and 2 cymbal stands are all Rogers originals, "Memriloc" hardware. Hi-hat and snare drum stand alone appear to be worth $400 each. One boom cymbal stand (make unknown) Cymbals: Meinl hi-hats (14") Zildjian Crash 16" Zildjian Ride 18" Zildjian Ride 20" Other Features: Ghost bass drum pedal. Generic throne. Accessories - cowbell, woodblock, tambourine, various sticks, large wheeled drum case (1.5' x 3' x 3' approx). Thanks for your time and any input.

If you give me 400.00 each for the stands i have them for saleLaughing HLaughing H...Mikey

Posted on 15 years ago
#2
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From MIKEY777

If you give me 400.00 each for the stands i have them for saleLaughing HLaughing H...Mikey

LoLoLoLo LoLoLoLo LoLoLoLo LoLoLoLo

fishwaltz
Posted on 15 years ago
#3
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Those cant be Series II or else you would be paying THEM.

Rogers Drums Big R era 1975-1984 Dating Guide.
http://www.vintagedrumforum.com/showthread.php?t=24048
Posted on 15 years ago
#4
Posts: 3972 Threads: 180
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I don't think you're going to like what I have to say. But, here goes....

Without pics, this is not going to happen with any kind of precision.

First, this is an insurance claim. You need to get a professional appraisal of your gear. What we say isn't worth spit. I think you already know that, though. The value stuff we do is not for legal purposes. We help out newbies and give a very basic idea of worth.

As far as your kit is concerned:

You are WAY off on value for those stands. Memriloc stands do not go for much money at all. If your drums are Big R, those don't sell for much. If they are Script, they might go for a bit more. Seeing as how we don't have pics, there's no way of putting even a basic value on these.

Judging from the assessment of your own stand value, my guess is you want to inform the insurance company of a very large worth to maximize your take. That's just not going to happen here.

So, your best bet is to take your drums to a professional, pay the man, and take that report to the insurance company. That's also the most ethical thing to do.

Posted on 15 years ago
#5
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I'm assuming you are going to get replacement value. Much of what you had can be replaced with used equivalents on eBay, but the color of the set may take some waiting.

As he said, stating the stands are "worth $400 each" on a post wherein you're inquiring for value isn't productive and it isn't true, although memriloc stands on eBay do sell for close to $100, depending on the economic situation of the time.

As to whether the cymbals are unrestorable as a result of water damage, I won't get into that, but many cymbals are washed with water and then they're dried, so it is possible they could be polished and oxidization removed, but let's say they're also non-restorable, and you have to replace the entire set.

Here's a same era set:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=400117455132&category=38097

It had all the stands but is short a couple of toms. I wouldn't be surprised if your silver sparkle set was early 70s because the swatches page doesn't show SS after 75 or so, although that doesn't mean it wasn't offered.

The size of the drums matters, too. The devil is in the details.

I agree about you getting them appraised, though, because, although there is lots of great info on this website, it should not be construed as more than a hobbyists website and valuations made by individual members may or may not have a degree of accuracy. You can't be sure.

A professional appraiser would be able to look at your ruined drums and make a determination.

I think if one were to attempt at a fair replacement value though, it would start at around $1000. If you were to go with the then-current retail price for the drums it would start at around $2000, because all that stuff would have cost that much back then. The drums would be around $1500 and the cymbals would be around $750 and so it would be higher, and then if you account for inflation you have a much higher amount. Rogers no longer makes USA drums of the same quality so they could not be replaced with new drums. An appraiser would have more clout and they'd deal with depreciation and all that other stuff.

If I was given some time and money, though, I could replace the set just like the one you describe with no pictures for probably around $1500, accounting for shipping, and you'd still be in for a wait for the same color.

I think if they're offering you anywhere near that; $1000 and $1500 you should take the money and run.

But you don't know me (or anyone else on this forum) from Adam; and I'm not looking at the drums.

Posted on 15 years ago
#6
Posts: 3972 Threads: 180
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Absolutely not.

There's no way you can say "the cymbals would be around $750" and have no idea even what series they are from. This is why this whole thread is a bad thing. If these are ZBT's or some other entry garbage, they are worth pennies on the dollar. If they are old K's, they are worth considerably more.

How can any of us put a value on this stuff with even an iota of precision? It's nigh impossible with what little info is given.

There's a 70's Rogers NINE piece double bass outfit for sale at an online music dealer for 699.

Rogers Memriloc stands go for about 50 bucks each. There's NOS on ebay that have a hard time selling at 99.

Please, keep in mind this is a legal issue and you are putting yourself and this site out there in a very uncomfortable and vulnerable position. This is not the place to get this information. This chap needs professional assistance.

Posted on 15 years ago
#7
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"Fight" was perhaps too strong a word. The insurance company wanted some support for the value quoted - they were not provided with the $400/stand value which appears to be the premature result of some very misinformed surfing (and a poor exercise of cutting and pasting).

From review of the catalogues, kit appears to be a Londoner Seven from 1976-77.

Cymbals were all purchased in the early 80s in the $200 - 400 range. Can't be more specific than that.

Thanks for the positive responses and suggestions. I appreciate these valuations are not "worth spit" as mcjnic said but I was hoping to get an objective perspective on value. I'm sure there are others out there besides me who feel their kit is worth more than what reality bears out.

Posted on 15 years ago
#8
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AVOID any association with series II.

Rogers Drums Big R era 1975-1984 Dating Guide.
http://www.vintagedrumforum.com/showthread.php?t=24048
Posted on 15 years ago
#9
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First, sorry about the drum damage! That is not cool. I always wonder what I would do if I had a fire or water damage.

My understanding from your post is they want to see other examples of what the value is to substantiate your claim?

Just print some eBay completed sales for drum sets, hardware and cymbals.

Those are actual sales and current "eBay" market value.

Add it all up and send it to them. Any value we give here will not be of much help.

Try and list each item and find similar sold items and print the page.

David

Posted on 15 years ago
#10
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