2531.80 “Bond” as first Omega?

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I’ve been dreaming about the day I can finally get an Omega, and have an opportunity to buy one of these.

I want a classic Omega, and while the 2254.50 and 2201.50 are a little higher on my list, this one is also very nostalgic as a millennial. Decent choice for a first Omega? What has the price trend been on one that has full box and papers?

Edit: fixed model number in title
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As an owner of the midsize version that remains one of my two favorite watches of all time, it seems like an excellent first Omega.

Given the age, I think full box and papers would be pretty rare, but price trends are pretty easy to find on watchcharts.com and Chrono24.

 
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You mean 2531.80 or am I confused?

Either way, I have one but it wasn't my first. A 3570.50 Speedmaster was my first because I've been more curious of the stars than the deep sea. You can't go wrong with the SMP300 though. It's a hell of a watch.

There's one for sale currently, full set tritium dial at a (imho) steep price of €3.9k. Another full set and serviced sold at $2.45k, but that's a great deal imho. Full sets in Chrono24 seem to be around the $3k mark.
 
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I too am guessing you mean the 2531.80, but correct us if we're wrong!

It's an absolutely outstanding watch---at 41mm, the best size and form-factor the 300m diver has ever had, IMO. Nice and thin, too, with a substantial bracelet.

That said, do NOT buy one until you've done some homework---and better yet, uploaded detailed pics from the seller here, for us to review. This has to be one of the most commonly faked Omegas out there. The odds of buying a bogus one are relatively high.

Know that it's not a rare piece: there are many of them out there to be found. (On Chrono24---even after filtering to include only those that are actually "in stock," there are 73 ready to go.) That means you can take your time and find one that's authentic and in good condition---perhaps even with a recent service, which adds real value! Box and papers... for what? The watch will be way past the warranty period, so the papers aren't worth anything, nor is the box. Some folks seem to think that having these items makes the watch more likely to be authentic, but that's untrue: anyone can buy boxes and papers after the fact on eBay to make a "full set." For a rare, collectible watch, sure, it could be compelling to have those things, but this was a run-of-the-mill mass-produced Omega. I'd put way more emphasis on finding one in good condition and with a recent service. (Make sure it includes all the links you'll need to fit your wrist, too---always pays to read the fine print in the ad.)

Let us help you! What country are you located in? What's your budget?
 
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Decent choice for a first Omega?
The 2531.80 is definitely a good first Omega. It was mine way back and I absolutely love it.

And pics because every thread needs good pics
 
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You can’t really go wrong with either the 2531.80 Bond or if you so desire 3570.50 Speedy as a first go. Both are sublime. Which you choose is up to you. To own both is better still of course. The jump from 2531 Bond to 2254 Blake isn’t so large that I wouldn’t consider the latter if I really wanted one.
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I’d recommend you check eBay sold items (preferably auctions) to see actual prices achieved for sold items. Under “Item Location” I’d select “Worldwide” to obtain more matches. Mine says hello!
 
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That watch is great! I had one for a few months (JUST sold it with papers + box +a 2 year old service for ~$2100 about 2 weeks ago) and really enjoyed it.

Unfortunately I have a chrono/gmt addiction so it didn't get any wrist time lately, so I passed it on. Plus, I have a Seamaster 300m Chrono of the same age in service right now that was going to take over its wear time.

As a first watch: you couldn't do much better. It is durable, a great size, and a really great quality feeling watch. I wasn't a fan of the hands at night (lume doesn't work very well). If you get one with a recent service or get it serviced yourself, it'll be water tight. I ALSO wasn't a fan of the bracelet, so I picked up some straps that were lovely, it does great with anything rubber.

As said above, it can be had for <$2500, it isn't rare, but definitely worth the cost.
 
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I too am guessing you mean the 2531.80, but correct us if we're wrong!

It's an absolutely outstanding watch---at 41mm, the best size and form-factor the 300m diver has ever had, IMO. Nice and thin, too, with a substantial bracelet.

That said, do NOT buy one until you've done some homework---and better yet, uploaded detailed pics from the seller here, for us to review. This has to be one of the most commonly faked Omegas out there. The odds of buying a bogus one are relatively high.

Know that it's not a rare piece: there are many of them out there to be found. (On Chrono24---even after filtering to include only those that are actually "in stock," there are 73 ready to go.) That means you can take your time and find one that's authentic and in good condition---perhaps even with a recent service, which adds real value! Box and papers... for what? The watch will be way past the warranty period, so the papers aren't worth anything, nor is the box. Some folks seem to think that having these items makes the watch more likely to be authentic, but that's untrue: anyone can buy boxes and papers after the fact on eBay to make a "full set." For a rare, collectible watch, sure, it could be compelling to have those things, but this was a run-of-the-mill mass-produced Omega. I'd put way more emphasis on finding one in good condition and with a recent service. (Make sure it includes all the links you'll need to fit your wrist, too---always pays to read the fine print in the ad.)

Let us help you! What country are you located in? What's your budget?

Thanks! I’m in the US. The seller is local to me. Adding a photo here. I think he may even be on the forums here, not sure his username, though. Bracelet is aftermarket (already disclosed).
 
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I like these so much that I considered selling my new (latest) ref SMP 300m diver and acquiring one of these instead.
 
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Hard to tell from just the one picture, but the aftermarket bracelet doesn’t look like a great fit to me. What’s the asking price? Unless it’s super cheap (like $1k) to compensate for lacking the OEM bracelet, I’d probably keep looking. There are too many out there with the original bracelets to justify buying one without, unless you don’t care about the bracelet and the price is amazing.

If you do buy this, and then (as folks here are wont to do) you go to sell it down the road to upgrade to something new, know that not having the factory bracelet will make it significantly harder to sell for an attractive price. All the boxes and expired warranty cards in the world wont help with that.

This is a hard-learned lesson for me. My first modern Omega (bought right here on this forum) came on the original bracelet. Back then I hated bracelets—mounted the watch on leather. Sold the bracelet for a few hundred on eBay. Ended up selling the watch a while later and had a very difficult time getting anywhere close to what I hoped. Financially, I now know, I would have come off much better if I’d just kept the bracelet in a drawer and then retrieved it when I went to sell. Guessing a lot of folks here have similar stories.

…Also, is that bottom left lug all jacked-up? Or is that just some weirdness in the photo?
 
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Hard to tell from just the one picture, but the aftermarket bracelet doesn’t look like a great fit to me. What’s the asking price? Unless it’s super cheap (like $1k) to compensate for lacking the OEM bracelet, I’d probably keep looking. There are too many out there with the original bracelets to justify buying one without, unless you don’t care about the bracelet and the price is amazing.

If you do buy this, and then (as folks here are wont to do) you go to sell it down the road to upgrade to something new, know that not having the factory bracelet will make it significantly harder to sell for an attractive price. All the boxes and expired warranty cards in the world wont help with that.

This is a hard-learned lesson for me. My first modern Omega (bought right here on this forum) came on the original bracelet. Back then I hated bracelets—mounted the watch on leather. Sold the bracelet for a few hundred on eBay. Ended up selling the watch a while later and had a very difficult time getting anywhere close to what I hoped. Financially, I now know, I would have come off much better if I’d just kept the bracelet in a drawer and then retrieved it when I went to sell. Guessing a lot of folks here have similar stories.

…Also, is that bottom left lug all jacked-up? Or is that just some weirdness in the photo?

I should clarify, it’s pictured with an aftermarket, but it includes the OEM. OEM is just a little banged up. more pictures here.
 
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You can’t really go wrong with either the 2531.80 Bond or if you so desire 3570.50 Speedy as a first go. Both are sublime. Which you choose is up to you. Both is better of course. The jump from 2531 Bond to 2254 Blake isn’t so large that I wouldn’t consider the latter if I really wanted one.

the 2254 are going for crazy money. Almost $1k over the 2531 at this point.
 
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The papers are blanked. The after market bracelet is not fitting. The original bracelet is banged up.
Even if the price is good, it's not bad to anyway the best possible to find.

And papers do are useful. Help comforting a purchase and helps to sell the watch if needed (had value and confort lots of buyers). Buy a watch first obviously but not useless at all. Considering, the papers are not blanks but properly completed...
 
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The papers are blanked. The after market bracelet is not fitting. The original bracelet is banged up.
Even if the price is good, it's not bad to anyway the best possible to find.

And papers do are useful. Help comforting a purchase and helps to sell the watch if needed (had value and confort lots of buyers). Buy a watch first obviously but not useless at all. Considering, the papers are not blanks but properly completed...

what do you think a fair deal would be?
 
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I have a 2531.80 and it's a great watch. Right size, very comfortable, easy to get serviced (being 99% an ETA 2892). Compared to a current model co-axial Seamaster it is great value.
 
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the 2254 are going for crazy money. Almost $1k over the 2531 at this point.
Not in my market, I suspect not in yours either. A good full set Bond 2531.80 makes around £2,200, a 2254.50 maybe £2,400 tops. You'll see cheaper but don’t be tempted by a poor example. These are not cheap or easy to improve. Bezels, crystals and worst of all bracelets are silly money now and a poor case can't really be made good easily.
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A Seamaster is a really good choice. Here are my last Omega, the 2254.50

 
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what do you think a fair deal would be?

Those "middle good shape" are a problem. Too good for the seller to really cut the price. Not as good for you to wear it daily. The bracelet is beat anyway.

IMO, two options.
Buy under 2000 and don't touch it if you wear it 20 days a year with an after market bracelet. But you will have the same problems to sell it yourself if you want or need later.

If you want a daily watch, you will have to pay a service and a new bracelet. Throught Omega, it could be up to 1500... For a watch as new that you will be able to keep for years.

But worth 2500 at the end. The seller wont' give you the watch for 1000.. You "loose" a bit.

Your choice.

Sometimes it's better to buy a ruin. The price to repair it is the same but the sellers are more compelling to cut the prices down.
 
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I have a 2531.80 and it's a great watch. Right size, very comfortable, easy to get serviced (being 99% an ETA 2892). Compared to a current model co-axial Seamaster it is great value.

Very nice early model. Nice catch.