Looking for a price for GPX5000

[Reed Lukens]

I have a friend with a GPX5000 and I haven't been watching the prices for them with all of the extra coils that were available when they came out. It has like ½dozen coils from back then and I am the only one who ever uses it. He picked it up a few years ago and I want to have an idea of what would be a fair price to offer him for it being that I feel guilty about just borrowing it when I need it. I see all of the ones on ebay going nowhere so I need some info from you guys who watch these detectors a lot more than I do. He paid $5000 for it used back in the day with no tweaks. I had my GPXtreme that I bought new and then sold a few years back and now that I have a lot of time to hit the field, I do miss owning my own... Any ideas?

 

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[Armchair prospector]

How about offering
percentage of your finds when you use it? Or a rental fee?

 

[Oakview2]

Off of Rob Allisons Arizona board. Seems with the leak of their new gen detector the prices have been falling. Some dealers offering a new GPX 5000 and the new SDC 2300 for 7000.00

(Removed by mod non charter member selling)

 

[Treasure_Hunter]

Its value used is about 70%-80% of original value. High dollar detectors like 5000, etracs, excals all hold their values for years....

Oakview, only Charter Members can sell here...

 

[Rick K]

I see them languishing on Craigslist at $3,500 - $4,000 with a couple of extra coils, etc. prices have dropped lately and I fully expect them to drop further in 2015. You can buy a new one for well under $5k if,you shop around.

 

[Treasure_Hunter]

I see them languishing on Craigslist at $3,500 - $4,000 with a couple of extra coils, etc. prices have dropped lately and I fully expect them to drop further in 2015. You can buy a new one for well under $5k if,you shop around.

I don't think they will drop that much, when CTX 3030 came out a lot of people said Etrac and Excals would drop and they haven't really.

With that said I wish they would tumble in price as I would buy one if they did.......

 

[Reed Lukens]

Thanks, I guess I really just hate to see it sitting at his house because the guy is constantly swamped with work. I mean... I taught a couple of his/our friends how to use it last summer at our group camp out. I saw the craiglist/ ebay $3000+ & the 5000/2300 deal and that's what started me thinking about this in the first place... lol. I hate seeing great detectors just sitting there. So will I buy the 5000 now before it goes obsolete or wait and get myself a new 7000... Lots of thinking going on

 

[Rick K]

The GPX-5000 inventory is being dumped at give-away prices - there has never been more than one "top of the line" PI gold detector from Minelab at a time. I believe it will be replaced.

 

[Reed Lukens]

Yup & the Jupiter GPX 7000 hopefully comes out soon since they have started the talk about it every where.
I've seen some low prices for the GPX 5000... lol Especially in this Chinese version (Removed by mod)

 

[meMiner]

Here is a simple answer and my opinion only. A fair price would be $3.5K US with two coils. Add something extra for the other coils at about half the retail cost. You would end up getting an excellent detector that you know the history. Waiting for the next version is always an option, but really you already know how to use the 5000 and know it can find gold.

 

[Treasure_Hunter]

Yup & the Jupiter GPX 7000 hopefully comes out soon since they have started the talk about it every where.
I've seen some low prices for the GPX 5000... lol Especially in this Chinese version (Removed by mod)

EBay links only by Charter Members and no hot links to counterfeit detectors...

 

[Rick K]

Placergold,

Amen

 

[Reed Lukens]

Here is a simple answer and my opinion only. A fair price would be $3.5K US with two coils. Add something extra for the other coils at about half the retail cost. You would end up getting an excellent detector that you know the history. Waiting for the next version is always an option, but really you already know how to use the 5000 and know it can find gold.

I'm torn.. lol, this is what I was thinking also. I was extremely lucky when I bought my extreme because ML had just finished pissing off a really good friend of mine when he slammed the phone down on them as I walked into his store. He started screaming about their wholesale customer service, as he was a Minelab representative. He said that he would never sell another minelab for them again and he basically gave me the last one that he had. He was screaming mad and when he saw me yelled out at the top of his lungs that he had had it and asked me if I wanted this piece of Shiite, which was the last one that he had. They were late on the next order and he was done waiting forever. So I took home a new Extreme along with everything that he had left from them... hahaha. I'll never beat that deal again but sometimes you just happen to be there at the right time. Don't get me wrong here because I had spent tens of thousands of dollars on equipment from him over the last 30 years and we are still like family. Because I keep seeing them selling for around 4k brand new with 3 coils these days, I was thinking of offering my buddy $2500.00 - $3000.00 but if you guys think that this is too low then let me know. I admit, I am a cheapskate

 

[Clay Diggins]

no hot links to counterfeit detectors...

Good point Treasure_Hunter. A lot (if not all) of those $3000 GPX 5000 are cheap counterfeits. I've seen genuine deals in the $4,000 plus range.

Dave Lamb's offer for his extra 5000 was exceptional in my opinion. Knowing Dave I wouldn't be surprised if he tried using both of them at once. He's a nugget finding monster.

 

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[Oakview2]

I wasn't selling anything, not my detector, the GPX 5000 is a highly sought after detector in Arizona, I posted to show how far the prices have fallen.

is about 70%-80% of original value. High dollar detectors like 5000, etracs, excals all hold their values for years....

Oakview, only Charter Members can sell here...[/QUOTE]

 

[Oakview2]

Reed, now many coils does he have? That is the one thing that will drive the price up. Best of luck.

 

[Reed Lukens]

Reed, now many coils does he have? That is the one thing that will drive the price up. Best of luck.

They are the coilteks a small 9" eliptical and another one around 16". Then it has the std minelab coils. I think there's 6 all together. I saw Dave's machine for sale also.