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coke_and_stuff
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« Reply #12 on: December 22, 2008, 10:59:59 pm » |
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I myself beleive and many others that I have talked to, all agree that the big money machines like the $7k 81, and the $6k Cav 72 days are long gone. Machines like alot of other things like cars, trucks, boats, gas, groceries were all over inflated and it was just time before it bust and blew out of proportion. Gas prices are down, grocery prices are still on the up around here anyways, New Car and truck prices are cut in half in Little Rock, AR just to make a sale. Yes its a buyers market, but in 1999 and 2000 it was the norm on prices. Ive been hard core in this hobby wheeling and dealing playing with what I love antique soda machines. when I first got in this hobby 8 years ago you could buy V39s everyday of the week for $500-600, V81s were $1,000-1,200 and so fourth. Restored V39s were selling for $2,500-$3,000, V81s $4,500-$5,000 and that was BIG MONEY!
Ive got a buddy who has been dealing in HIGH end muscle cars you name it he has owned it from ZL1 Camaros, HEMI Cudas, to Shelby Cobras, and Superbirds.
For instance in 1999 a 1969 DZ 302 Z28 Camaro was $20k-25k for a nice #2 car
in 2000 same car $30k
in 2001 same car $35k
in 2002 same car $40k
in 2003 same car $45k
in 2004 same car $50k
in 2004 same car $55k
in 2005 same car $60k
in 2006 same car $65k
in 2007 same car $50k
in 2008 same car $35-40k
in 2009 same car ?? guess what they wont be going up?
What Happened?? BABY BOOMERS they were buying everything in sight that they remembered as a child or teenager. In the late 60s early 70s many of these kids were tearing the hell out of these cars. and always wanted that Z28, or HEMI coronet, or Shelby Mustang. They never got that car and at retiring age when their 401K and stocks were doing extremely well they went out and bought one, some 10 others 20 etc.
Back to the Coke Machines and the same for the Gas and Oil. when you were a kid in a simpilar time 1950s what do you remember?? Full Service gas stations a little bell that went ding, a attendant that checked your oil, washed your windows, and pumped your gas. Today you get a %$#@#$% that makes you prepay because of the many runoffs, a guy in a beat up toyota with subs in the rear trunk "bumping" and security cameras monitering every inch of the place, If your lucky enough you get to pay for your gas to a fellow or gal behind 2 inches of bullet proof glass.
Back in the day Cokes were a nickel and eventually went up to a dime, Cavaliers and Vendos were everywhere. the most plentiful and a bottlers workhorses V39 V44 V56 V81 V83 V110 V126 ETC as with the C51 C72 C96 etc they were everywhere and in the mid 1960s were getting dumped into holes, recycled, stuck in storage sheds, basements, barns etc. They still pop up very often you can go to any big swapmeet, gas and oil show, and coinop show and guess what you will find them for sale. Look at ebay there is not a day that doesnt go by that you cannot buy a C51 V39 or V81 they are always for sale. It was a treat to go to the 5 and dime store with your grandparents or parents and get a ice cold coke in the 1950s. Today 99% of everyones refridgeraters have 2 liters, and cans of soda. You can buy it everywhere. Everytime you go out to eat guess what the first thing they ask you is? The joy of getting that ice cold beverage is gone its everywhere its a part of life!
The Babyboomers had a huge impact on the machine market, I have never sold a restored machine to anyone under the age of 40, Ive sold a few squaretops to college kids for their party machines. I do not feel that the machine market is going to ever be as strong as it once was. If it does make a big turnaround you can tell me told you so.
If you want a investment machine look outside the box, Go buy a tough Mills 47, Cavalier 102, ICY-0 or a glasscock coin op. Go buy the Rare stuff, the stuff you cant go find on ebay everyday. a Mills 98A unrestored brought $6k in this tough market a month or so ago at auction in MD that stuff will always bring good money it will always bring in strong crowds as guess what??? Your average machine collector doesnt have one, and they are Im gonna use it the R word RARE.
Back to Gas and Oil a typical Sinclair Texaco or Mobil Globe $250-500, Now throw in a Polly, Gilmore, Pittman, Bearcat etc guess what RARE BIG $$
3 years ago a good clean Sinclair globe $400-600 Now $250-$300
3 years ago a good clean Gilmore globe $35,000 guess what $$^^^^ here I go again RARE
Did you know in 1969 that over 200,000 Camaros were built
Out of that 200,000 over 20,000 were Z28s what drove the price up on this somewhat plentiful cars Baby Boomers with $$
In 1969 There was 69 ZL1 Camaros built with the all aluminum 427 BBC It was a very expensive toy in 69 and cost over $7k to buy one when the average Camaro was $2,500.
Today that ZL1 Camaro brings in $800,000 UP and they are still bringing the money
Today that Z28 that was bringing in $60k up just a few short years ago you can buy for under $40k today.
In the late 1940s all the way up until the mid to late 1950s Vendo was building 39s over 80,000 39s were built thats a big number thats alot of 39s
In the late 1930s early 1940s Vendo was building a mechanical masterpiece the war stopped progress in 1947 they resummed a total of 251 machines were built thats a small number
If you were looking for an investment what would you buy? Something that damn near every collection, collector and dealer has or had? Or something that a small few have even seen one in the flesh? If your looking for something to use in your kitchen or den on a everyday basis a V39 is ideal!
The old saying goes Quality over Quanity would you want ten Vendo 81s or one Cavalier 102? 10 Vendo 39s or a Mills 47 or Hot Dog Kooler Grill?? Why buy 10 rusty signs when you could have one thats NOS?
The machine market was over inflated it was due at anytime to fall, it has and I feel still is, I myself feel it with alot of other people that I know.
I have lowered the prices on my parts that I sell, I have lowered the prices on my restored machines My 39 was $4500 I sold two over the spring and early summer of 08 at these prices New price $3,500 and guess what I will still be making money.
My Cavalier 72 was up for sale at $6,000, now $5,000 and I will be nearly doubling my money on it. Yes it sucks its not worth the $6k everyone has been selling them at for the last few years but where else can you take $2,500 and turn it into $5k?? and tear down a machine and let someone else do the bodywork etc buy the parts put it back together. have 30 hrs invested and double your money??
Sorry for the long Ramble, Dont go out buying common machines looking to invest, Go save your money and buy one or two good quality items. Think of it this way!
Wayne Roman Visible gas Pump or Tokheim 39 short?
Vendo 81D or Mills 47?
This is not pointed at anyone, I apoligize if I offend anyone, But it is what it is....
Price that Vendo 56 at $3k and let it slide, You will be getting good money for it. Its not a high end resto but still very nice. I would let the new owner decide if they want a glass bottle door.
Joey
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