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Value for 1977 R100/7 with 9,350 miles?

I Love these old sleds...and have to keep myself in check on bringing home 'Orphans'. But if I got a chance on a stocker like this, I would grab it...up to about $3500.
 
My question was ... [not] an offer to sale. .... My concern over value was more in line with what amount I should insure it for....

I have several airheads (I was going to say older airheads, but then I realized that all airheads are "older" now - gee - where does time go?) and I have had them appraised for insurance purposes. The local BMW dealer where I've purchased a number of bikes did the appraisal after some discussion with me. My vintage bike insurer requires the formal appraisal with photos.

I make it relatively easy on the BMW dealer to do the appraisal. I write a letter with the relevant details about the bike (year, model, mileage, general condition, etc) and include the dealer's and my address. I leave the value and his signature line blank.

The discussion generally factors in the hypothetical cost to me to purchase that same bike from his showroom floor (assuming that he had that bike to sell). It is made clear that the appraisal value is not an offer from him to take the bike in at the stated value (for trade-in or outright purchase). Consideration is given to pricing of the same model bike in similar condition for sale in the same time period (internet is great for this kind of research). I do the research ahead of time and bring the results with me.

The cost of the insurance (full coverage) is directly tied to the valuation placed on the bike - I forget the exact cost rate.

My 77 R100RS is insured for $6500. I'd think that your bike would be appropriate at a value around the $4000 to $5000 range (after the needed work has been done - a bit less before - you might be supprised at how much of the work you can do yourself, particularly if you can get to some Airhead Tech Days).

I have found that rubber bits generally need to be replaced around 20 to 25 years. Seals can be a bit of work (or think of this as a learning experience). I'd suggest staying clear of synthetic oil or you might get to the seal replacement sooner than later - at least that was my experience.

Links for valuation research -
http://marketplace.ibmwr.org/ {I really like IBMWR and have purchased a bike this way - met some good folks too!}
http://www.nadaguides.com/Motorcycles/1977/BMW/R100-7-980cc/Values {I've found that many dealers use NADA pricing}
http://www.kbb.com/motorcycle/ {KBB can be WAY off in the valuation!}
http://www.searchtempest.com/ {searches Craigslist - beware that asking prices on CL can be very unrealistic}
http://www.cycletrader.com/find/search {I don't use cycle trader much any longer}
 
I don't know how much you guys are paying for collision coverage, but is there even any point in doing it, for these values?

I don't even cover my 2005 R1200ST.
 
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