OMG! The prices!

[mikemgb]

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52 minutes ago, loughtonsmith said:

I also insured my camera and lenses through USAA, but in the fine print it appears that an appraisal might be needed for a claim to verify the self-stated value.  I may call them to find an approved appraiser who knows something about photographic equipment…

When I filed my burglary claim in many cases all I had to do was supply a link to the equivalent item for sale showing the current cost. 
 

Having said that, I do have appraisals on a few jewelry items, although I have found that in reality I can buy most of the items for far less than the appraisal amount so I’m not really sure of the point of it. 
 

I’ll be interested in the answer they give you to see if things have changed in the last few years. 

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[willeica]

1 hour ago, loughtonsmith said:

I also insured my camera and lenses through USAA, but in the fine print it appears that an appraisal might be needed for a claim to verify the self-stated value.  I may call them to find an approved appraiser who knows something about photographic equipment…

This should be acceptable to any appraiser given the wide ranging data capture and auction results analysis:

https://collectiblend.com/Cameras/Leitz/

William 

[Tomsmac]

4 hours ago, loughtonsmith said:

I also insured my camera and lenses through USAA, but in the fine print it appears that an appraisal might be needed for a claim to verify the self-stated value.  I may call them to find an approved appraiser who knows something about photographic equipment…

Yep, I was told the same thing especially if I wanted to claim that the camera had added value since submitting a receipt.

[Tomsmac]

3 hours ago, mikemgb said:

When I filed my burglary claim in many cases all I had to do was supply a link to the equivalent item for sale showing the current cost. 
 

Having said that, I do have appraisals on a few jewelry items, although I have found that in reality I can buy most of the items for far less than the appraisal amount so I’m not really sure of the point of it. 
 

I’ll be interested in the answer they give you to see if things have changed in the last few years. 

But that is for a claim under your homeowners insurance. It would be the same if the equipment was stolen from your auto it would be filed under your auto insurance unless it’s parked in your driveway where it would be filed under your homeowners insurance. The addendum, the camera and/or jewelry addendum, is for such claims for damage etc… I know, very confusing but I dated a broker and learned this stuff and discussed extensively with USAA.

Edited June 7, 2022 by Tomsmac

[harmen]

On 6/7/2022 at 9:59 AM, Herr Barnack said:

Today's used film M camera prices are making me regret not buying 10 or 15 used film bodies five or so years ago. 

Hindsight is 20/20 vision, as they say.

Maybe that is what’s currently driving up prices… some people buying 10 to 15 used film bodies today in the hope of making a nice return five or so years from now 🙂

[RayD28]

Coverages are not universal since insurance companies add bells and whistles to differentiate their product from an another carrier.  If polices were all the same they would be commodities (like a barrel of oil) and potential customers would make their buying decision solely on price.  My homeowner policy covers property in the home only and a loss is subject to a $1,000 deductible, and coverage does not include drops and spills.  So I get a separate inland marine policy that covers any damage or loss (except self-inflicted), either at or away from my residence, and there is no deductible.  I just renewed and the cost was <$400.  

Again, all policies are different.  I'm just explaining my circumstances.  

A Leica film and digital camera, and few Leica lenses slung over my shoulder is a chunk of change.  I get great peace of mind knowing any loss, anywhere, is 100% covered.  

[Tomsmac]

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1 hour ago, RayD28 said:

Coverages are not universal since insurance companies add bells and whistles to differentiate their product from an another carrier.  If polices were all the same they would be commodities (like a barrel of oil) and potential customers would make their buying decision solely on price.  My homeowner policy covers property in the home only and a loss is subject to a $1,000 deductible, and coverage does not include drops and spills.  So I get a separate inland marine policy that covers any damage or loss (except self-inflicted), either at or away from my residence, and there is no deductible.  I just renewed and the cost was <$400.  

Again, all policies are different.  I'm just explaining my circumstances.  

A Leica film and digital camera, and few Leica lenses slung over my shoulder is a chunk of change.   

“ I get great peace of mind knowing any loss, anywhere, is 100% covered.” I couldn’t agree more. I’m grateful however that I can add a new camera and/or lens to my policy at any time.

[Herr Barnack]

11 hours ago, harmen said:

Maybe that is what’s currently driving up prices… some people buying 10 to 15 used film bodies today in the hope of making a nice return five or so years from now 🙂

I would be buying them to keep them, not to profit.

[dunhoy]

Hype and social media buzz distort markets but at the end of the day if person A wants to pay what person B asks then in the eyes of both parties the transaction is of value... would I buy an M film camera today? not on the used market - the value is not there.

[logan2z]

Well, I just sucked it up and bought a SS M3.  I've wanted one for a long time and waited just long enough for prices to go way up before buying   But I don't care, this one had particular significance to me so the cost wasn't a major factor.  Plus I don't plan on ever selling it, so if the value goes up or down it makes no difference to me. 

Can't wait to put my first roll through it.

[Tomsmac]

13 minutes ago, dunhoy said:

Hype and social media buzz distort markets but at the end of the day if person A wants to pay what person B asks then in the eyes of both parties the transaction is of value... would I buy an M film camera today? not on the used market - the value is not there.

It is if person A pays person B’s price.

[Tomsmac]

3 minutes ago, logan2z said:

Well, I just sucked it up and bought a SS M3.  I've wanted one for a long time and waited just long enough for prices to go way up before buying   But I don't care, this one had particular significance to me so the cost wasn't a major factor.  Plus I don't plan on ever selling it, so if the value goes up or down it makes no difference to me. 

Can't wait to put my first roll through it.

Congratulations!

[dunhoy]

Good for you - use it, abuse it, and enjoy it - and don't worry about what you paid for it.

Cameras are made to be used... not to sit in a box with the manufacturer packaging still on them!

[logan2z]

38 minutes ago, Tomsmac said:

Congratulations!

 

15 minutes ago, dunhoy said:

Good for you - use it, abuse it, and enjoy it - and don't worry about what you paid for it.

Cameras are made to be used... not to sit in a box with the manufacturer packaging still on them!

Thank you!  It'll be put to good use alongside my well used (but not abused ) M4 and M-A.

Edited June 20, 2022 by logan2z

[johnwolf]

Wonderful and congrats! 

I've never used an M3 but would really love to try one. 

John

Edited June 20, 2022 by johnwolf

[andrew01]

The M3 is the Rolex of cameras.  I was lucky enough to get one 10 years ago when prices were more reasonable.

[adan]

My "laugh response" is because your post reminded me that I switched into Canon FD BL lenses 45 years ago because they were cheaper than most Nikkors (and to my eye, crisper).

Eventually switched back when Canon went to the plastic barrels and weird aperture-disconnect of the "New FD" line, and Nikon finally came out with a 20mm f/2.8.

[egrossman]

On 5/15/2022 at 1:15 PM, Tomsmac said:

They also have the MP but sadly Leica US will not cover the warranty.

Leica Camera is covered by a global warranty; if Leica in NJ won't repair it, Wetzlar certainly will.

Erik

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[egrossman]

On 5/16/2022 at 5:25 PM, Studienkamera said:

According to an ongoing discussion in another forum, Leica no longer has any main circuit board replacements left for the classic M6. This was recently announced by DAG Camera Repair. The classic M6 now shares this problem with the M6 TTL. That's another factor to take into account when considering an M6. I would look for an MP instead.

DAG replaced the light meter in my son's M6 in October 2021; there are two different light meter versions used over the course of the M6 production run according to Don. When he repaired the failed (earlier version) light meter, he replaced it with the later model's light meter circuit board.

You can tell which version of the light meter is in your M6 because with the earlier version, when the lighting environment is too dark to meter, the LEDs in the view finder don't light up; this isn't the case with the newer circuit board.

Erik

[egrossman]

On 5/18/2022 at 9:40 AM, Tomsmac said:

Yes, no charge on both duty and vat. He was clear that he ships to the US everyday.

There is no VAT charged on goods exported to the US or anywhere outside of the UK. You will likley have to pay a fee for Fedex/UPS/DHL customs processing and the import will also likely be reported to your state's tax authority. When I "forgot" to report the sales tax due on my state tax return for a used Noctilux 1.0 v4 that I purchased from Fotopia in HK last year, California kindly sent me a sales tax bill including a penalty charge and interest. There was no import duty assessed on the lens.

Back to the subject of VAT in the UK on used camera goods. There is none. It's only charged on new gear.

Erik