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  1. Whitbytime Feb 14, 2014

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    Hello,
    First time post here. I happened upon this forum by google search.
    I'm looking to purchase a 176.007 in either of these two styles
    [​IMG]
    [​IMG]
    I'm green to the whole vintage omega watch deal. I just love the look of these over the current offerings omega has. I'm located in Canada. If anyone would be so kind as to point me in the right direction, it would be much appreciated. Current fair market price and a good reputable place to purchase one would be excellent.
    Thank you,
    Mike
     
  2. Time Exposure coordinates his cast with his car's paint job Feb 14, 2014

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    Excellent choices! Welcome to the forum. There is a section for Wanted To Buy. You might try a post there (unless you want to wait for advice on price and place first).
     
  3. Northernman Lemaniac Feb 14, 2014

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    One thing is the good looks of the 007. When you take into account that the 1040/41 is perhaps the finest automatic Omega/Lemania chronograph movement from those days I applaud your choice.
    Both the 1040/41 and 1045 have the same superior minute counter but the earlier are made to a much finer standard.
    The price is still low IMO. Buy a good one or budget in a service. Happy hunting!
    image.jpg
     
  4. Whitbytime Feb 14, 2014

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    Thank you very much:) I will hit the Want to Buy section soon. Cheers!
     
  5. Whitbytime Feb 14, 2014

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    Thanks Northernman!
    You say the price is still low, what range would that be? Btw, are these old ones ok to wear for a dip in the pool?
    Cheers!
    Mike

     
  6. Joe K. Curious about this text thingy below his avatar Feb 14, 2014

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    Still undervalued. These sell around the 1400$ range on eBAY, but you should factor in a service.

    I would not wear these in a pool. Why risk it?



     
  7. Northernman Lemaniac Feb 14, 2014

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    Hi! No vintage watch are pool ready.
    Take something insignificant on a swim. Something you can throw in the bin without remorse.
    I would say a decent 007 would be in the GBP 1100 to 1400 range. A full service will cost about GBP300 and upwards on this side of the pond.
    It is worth it.
     
  8. Whitbytime Feb 14, 2014

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    Thank you Joe K., I've been looking at eBay. I haven't seen any at those prices. I'm a bit unsure about eBay purchases until I can get some solid recommendations on specific resellers.
    Cheers!
    Mike
     
  9. Whitbytime Feb 14, 2014

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    I appreciate the info!

     
  10. Joe K. Curious about this text thingy below his avatar Feb 14, 2014

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    The eBAY sales I was referring to were open auctions, not BIN sales by dealers. So you need to wait until something shows up. Obviously you then need to vet the dealer carefully. In the meantime, here is some eye candy....:thumbsup:

    [​IMG]


     
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  11. Whitbytime Feb 15, 2014

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    Thanks Joe, very nice watch:)
     
  12. Northernman Lemaniac Feb 15, 2014

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    As always in this trade the good ones are further between. Take your time and find the right one.
    When it comes down to price you must either be able to spot potential and understand the cost of renovation or save up to pay the premium for a really good one.
    The pitfall lies in buying something half good at 90% of a really good one. That is when you loose.
    Anyhow a proper 007 with a magical 1040 movement seems to me as an investment with potential over time. It is really undervalued and misunderstood up to now. But that may and should change.
     
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  13. MacRulez4Ever Feb 16, 2014

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    Whitbytime: I have the second one on your pictures 176.0007 it's in for oil and gasket change. I can send you a pm when I get it back, if you still is interested then may be.
     
  14. rolexfantastic Feb 16, 2014

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    I'd extend the list to it's sisters 176.001 (considered prototype, but produced for few months):

    [​IMG]

    [​IMG]

    and the 176.010 Yachting which is extremely appealing and the only one i miss from the series:

    [​IMG]

    The problem with the 176.001/007/010 is they were always eclipsed by the more popular 176.002 Speedmaster Mark III, 176.009 Speedmaster Mark IV, and of course by the 176.004 Seamaster Big Blue.
    These Seamasters never got a nickname... (or maybe the Yachting should be the exception)
    Even the Jedi TV was more popular then these.

    Only recently, the collectors started looking after them. In 2010/2011 these were selling on ebay for like $500-$600 while today they sell even for 5 times more. They are indeed an investment compared to many other vintage Omegas, and they may have been misunderstood... sign these still come cheap sometimes.

    See one it was recently commented here:
    http://www.ebay.com/itm/VINTAGE-OMEGA-SEAMASTER-CHRONOGRAPH-AUTOMATIC-WATCH-REF-176-001-/390672226920?nma=true&si=aTmMKsCUV1j9yTUgDyWDh4qpSLA%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557Purchases made through these links may earn this site a commission from the eBay Partner Network

    This was actually a "refurbished" 176.007 instead of a real 176.001, showing Omega used stock leftovers... but the price was good for the condition.
     
  15. Whitbytime Feb 16, 2014

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    Thank you very much for your insight. Can you tell me a ballpark of what I'd be looking at if I sent a watch to be completely rebuilt / refurbished say to a place like STS?
     
  16. Whitbytime Feb 16, 2014

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    thank you very much, replied to your pm!
     
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  17. Northernman Lemaniac Feb 16, 2014

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    Hi! I would rather buy a decent one in the first place, then do a service with one of the vintage specialists (your location will determine which one).
    I do not know if STS is the way to go. I have no experience with them, but the smaller independent watchmakers are normally much better value for money!
    The one you have looked at here on the forum (FS) will need some TLC but should clean up nicely at reasonable cost I guess!
     
  18. Whitbytime Feb 16, 2014

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    Thank you for all your input.
    Cheers,
    Mike
     
  19. Northernman Lemaniac Feb 16, 2014

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  20. ron n Feb 16, 2014

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    I bought a very nice one off the bay a month or so ago, gold 20 microns, box and operating instructions, it is in the shop for its fist ever service, 2000 usd, might have been high but I sure like the watch.