How much is a Z Serial GMT Pepsi Worth?

[Solo118]

Hi all,

I have always had a thing for that Pepsi dial, and think I found a nice one for sale on another forum.

Its a Z serial, b+p and recently serviced. It has desk diving scratches, but no dents etc. Looks great overall.

He is asking $5,400 after some negotiation, but is this price considered a "good" deal? It is confirmed 3185 movement, if it was 3186 I would be on my way with dollar bills flying out of my pockets...

I tend to flip my watches, so I do not want to get burned if I decide to sell it a couple of weeks/months.

thanks in advance!

[padi56]

Cannot see why the dollar bills would fly out your pocket for a 3186 its only a slightly modded 3185 nothing more.And any aluminum insert can quite easily be soursed to change insert to Pepsi,coke,or black.

[Solo118]

Originally Posted by padi56

Cannot see why the dolar bills would fly out your pocket for a 3186 its only a slightly modded 3185 nothing more.

Only based on the prices I see them selling for. Has nothing to do with the function of the movement. Given that I tend to flip my watches, I could have a nice investment with the 3186 at that price.

[alanc]

I'm looking for one of those too, so I'm familiar with it.

This price seems squarely in the range that such watches are going for. One big variable is the bezel (faded versus non-faded), although you can buy like-new ones here for about $125. If it's got a new-looking bezel, it starts to look like a better deal.

That said, you're not getting a great deal such that you could quickly flip it for profit, IMHO. In the future, who knows; depends on a lot of things including what Rolex does with the new one. If ceramic bezels start sprouting Pesi colors, then prices of aluminum pepsi's may fall.

[Solo118]

I am not looking to profit if/when I flip a watch. I just do not want to lose money by paying more than market value.

I am just curious if this is the ball park of what these watches are selling for now or if the guy is giving me a bloated price. I do not see many of them for sale on this forum, so it could be possible that other owners are hanging onto their "classic"

[alanc]

Originally Posted by Solo118

I am not looking to profit if/when I flip a watch. I just do not want to lose money by paying more than market value.

I am just curious if this is the ball park of what these watches are selling for now or if the guy is giving me a bloated price. I do not see many of them for sale on this forum, so it could be possible that other owners are hanging onto their "classic"

I don't think you'll lose much money, if any, and it's in the ball park. One issue you may have is that if you're not generally known here as a seller, you may may not be able to sell it here for as much as a recognized seller would - that's just a fact of life.

Having been watching this model for some time, I'd have to say I've seen quite a few here, though, although that may be just because I'm focusing on it. I keep gravitating between a GMT Pepsi and a 16613 TT bluesy for my next watch, although I can't buy either until I get some financial stuff sorted out....killing me to sit on the sidelines.

[murphro]

I bought a pepsi GMT in 2010 NIB Z series for $5600 from a seller on this forum.

[Roller07]

At that price you won't get burned but you won't make much profit,if any. As others have stated that is in the price range of a used GMT II Pepsi Z serial #. Ironically, i had been looking at the exact same watch and the prices about a week ago because my AD here had one that he bought back from a customer who needed cash. I found the prices to be in the 4900-6300 range but there were different circumstances throughout that range like condition,papers,boxes,tags,warranty etc.
But from reading these forums i think the most important thing is what EVERYONE says: Buy the seller first,then buy the watch.

[MortgageGuy]

Seems fair to me.

[Solo118]

Thanks to all. The seller checks out and has some references on another forum. Seems like a fair deal, lets just hope I keep this one because the GMTs are getting harder to find due to people looking to hold theirs.

I am going to try and strike a deal and let you guys know. The seller is about 25-30 miles so I might take a drive this Sunday.

[karmatp]

I think $5000-$5500 is a fair price for one in like new shape and with all the original goodies. I would never pay a penny more for one with 3186 stamped on the movement, it is all internet hype and sellers taking advantage of less informed buyers. Before you know it all GMT's will be coming back from service with all the little changes that the 3186 has, so why pay a premium for one now?

[Andad]

Originally Posted by karmatp

I think $5000-$5500 is a fair price for one in like new shape and with all the original goodies. I would never pay a penny more for one with 3186 stamped on the movement, it is all internet hype and sellers taking advantage of less informed buyers. Before you know it all GMT's will be coming back from service with all the little changes that the 3186 has, so why pay a premium for one now?

So you don't have a old GMT with a 3186 movement yet Trev?

There are Rolex watches out there that were made in far more numbers than the old GMT 3186's and they now command a far bigger premium over the more common models.

And I know you WOULD pay a 'penny' more.

Seems the more 'informed buyers' are setting the prices for everything we buy today.

[padi56]

Originally Posted by directioneng

So you don't have a old GMT with a 3186 movement yet Trev?

There are Rolex watches out there that were made in far more numbers than the old GMT 3186's and they now command a far bigger premium over the more common models.

And I know you WOULD pay a 'penny' more.

Seems the more 'informed buyers' are setting the prices for everything we buy today.

The 3186 and now been superseded by the 3187 which is a 3186 with the paraflex shock system.And here is one guy that would not pay any extra whether it had 3185/6/7.And although the wiggle test is quite reliable the only way to be 100% sure is get the back off.And myself cannot see many getting the back off to check whether its 3185/6/7.And no matter the movement some are saying 3186 its rare.Nothing is rare with modern day Rolex just some made in lesser numbers, but there must be many hundreds possible thousand plus world wide with the 3186.And 90%- 95% of those would not even no what type of movement was in the case.

[nauticajoe]

Seems like a fair price. Go for it!

[penfold]

I'd suggest trying to find the best gmt II. Don't worry about bezel colour as that is easily and relatively cheaply changed. I've got all three inserts for my GMTII yet I've never tried anything other than pepsi. Nice to have the set though.

[Solo118]

Think I am going to go ahead with it... I will let you know how it turns out. If I feel its not for me, you will probably see it FS :)

[rolio]

If it's the classic, and it moves you, then I would buy it. Although, I would try to whittle down the price a bit. I have the classic/3186/z series, and would never part with it (a hard-earned gift). But, as a buyer, you really hold the cards in regards to a negotiable price. Good luck!

[Solo118]

Originally Posted by rolio

If it's the classic, and it moves you, then I would buy it. Although, I would try to whittle down the price a bit. I have the classic/3186/z series, and would never part with it (a hard-earned gift). But, as a buyer, you really hold the cards in regards to a negotiable price. Good luck!

I am not the type to bargain at the last minute. If I lose a little bit of money when it comes time to flip it so be it. I feel its part of the game.