How much to pay for a reel?

sundaytrucka · October 21, 2014, 02:34:56 AM

I am familiar with 4/0 reels and their prices, stock and upgraded, but not familiar with other penn reels.

Somebody I know has a Jigmaster 500 narrowed to 99 size, accurate sideplates and frame, pro gear handle, and clamp hardware. Not sure of the internals, but based on this info, what would be a reasonable price to pay for the reel?

Thank you for any info, Scott

Marcq · October 21, 2014, 03:05:02 AM

I think it all comes down to the condition of the reel. When I want to find out the value of a reel I go on ebay and compare

Marc..

fIsHsTiiCkS · October 21, 2014, 04:42:30 AM

Something like that goes for anywhere from $150-200 depending on condition. In Addition if its in "collectors condition" it can fetch even more.

foakes · October 21, 2014, 05:16:58 AM

Quote from: Marcq on October 21, 2014, 03:05:02 AM
I think it all comes down to the condition of the reel. When I want to find out the value of a reel I go on ebay and compare

Marc..

What I do may not be scientific -- but it has worked and been fairly accurate for years now.

Do an ebay search for a similar reel --

Go to the left side search filter, and check only "Sold Items"

Pull up the last 10 that have been sold similar to what you want to determine a price for --

Write them all down --

Throw out the top price --

Throw out the lowest price --

Add up the remaining eight and divide by 8 to get the average price paid --

That is your number +/- 10%...

Bear in mind that as a buyer, you pay shipping of generally around $10 --

And the seller pays seller fees --

Of course, We all want to buy an excellent item for a really cheap price -- but this is the real world, and a realistic number to work with.

When working out these numbers, we need to be brutally honest with ourselves -- to determine if there are bargains out there -- or are we wasting our time by bidding too low?

Then after you have this ammunition, keep it to yourself -- and just ask the seller how much he wants for his reel -- and use your own judgement from that point. If a person sez he doesn't know how much he wants for a reel -- make him an offer of about half of what it is worth. He will miraculously determine his selling price in about 30 seconds.

Just my opinion...

Best,

Fred

Shark Hunter · October 21, 2014, 10:46:16 AM

I do the same thing Fred. I go to completed listings to see what they have been going for.
It really depends on how bad you want it. I have been watching the 9500 ss spinners and they are really skyrocketing. Completed listings tells the real story. I picked up a second one for $135 shipped in Excellent shape.

sundaytrucka · October 23, 2014, 04:08:06 AM

Thank you for the replies. I never thought of checking the sold listings on ebay, great idea Fred.

My friend has it available for $125, good condition, some minor boat rash, but not bad at all. The uglier the better for me. I do not like putting a mark on a new reel, so it makes it a lot easier if the reel is already scratched up and dinged when bought, no remorse with the first drop. I am in no rush to buy, really hoping he drops to $100...

Thanks again guys.

foakes · October 23, 2014, 05:17:04 AM

Of course, they don't make Accurate sideplates anymore.

If you just added up the cost of the frame, sideplates, and narrow spool -- it would be more than the asking price.

If this is a reel you want -- offer him $100. If you need to pay $125 -- I wouldn't let $25 stand in the way.

We have all seen a set of sideplates go for crazy money to the right buyer. I do not have any right now -- but I have sold 500s, 4/0, and 6/0 plates for as high as $275 a pair, as little as 6 years ago.

Just my opinion.

Best,

Fred

Tightlines667 · October 23, 2014, 05:30:00 AM

Quote from: foakes on October 23, 2014, 05:17:04 AM
Of course, they don't make Accurate sideplates anymore.

If you just added up the cost of the frame, sideplates, and narrow spool -- it would be more than the asking price.

If this is a reel you want -- offer him $100. If you need to pay $125 -- I wouldn't let $25 stand in the way.

We have all seen a set of sideplates go for crazy money to the right buyer. I do not have any right now -- but I have sold 500s, 4/0, and 6/0 plates for as high as $275 a pair, as little as 6 years ago.

Just my opinion.

Best,

Fred

Now you're making me second guess selling my 4/0 with the topless tib, and accurate side plates, and consider picking up a mate (fully acuratized black 4/0).

Simon Everett · October 23, 2014, 11:05:37 AM

HOW MUCH for a Jigmaster?

That was my first reel, about 1968 would it have been. Dad bought it for me and I used it for everything from beachcasting to fishing off the boat, just ground fishing and working a Redgill on a flying collar. A funny red colour with quite a narrow spool. I used it for years and didn't realise how good a reel it must have been - I thought it would be worth about £35 - £40 now. I had no idea they were so sought after.

Another one of things I wish I still had then.