Isthmus said:If you have to do extensive restoration, then the answer is no, as you are likely to never get you investment back. If you can source a 7002 in excellent original condition, for a low price, then go right ahead. Do not buy any watches expecting to make money on them.
Isthmus said:It's worth mentioning, that extensive restoration is not worth it AT THIS POINT IN TIME. As with anything, as they age and become rarer, that equation is bound to change, if for no other reason than they are part of the main line of the main seiko diver family (as opposed to a fork). When that will be is anyone's guess though.
Very well said. With the 7002 diver, it's like Seiko said "How far can we push it with cost cutting while applying new tech?" The simple answer is that they went too far before they found out what the limit was, and found the balance that they achieved with the 007. The 7002 is obviously not far off in looks from all the others in the lineage. The reason people shun them is, politely put..the movements "leave something to be desired", as do the poorly made dials with their lime green promethium lume. I'm a huge Seiko diver fan, and I've had my little love affair with every other diver in the lineage except for the the 7002. Best advice I'd have?...If you want to have a collection that includes 1 of every diver to represent the evolution, then get one of each 7002 and call it a day.Isthmus said:The issue with 7002a is that from a mechanical POV they are a HUGE departure from the prior 6309's. Seiko applied cost cutting measures to them like crazy, and many feel that they went a bit overboard. If not taken care of properly, many 7002's simply don't age well (just have a look at what seems to be an endless supply of 7002s redone with bad aftermarket parts coming out of ebay). From a technical POV theya re simply not as good as the SKXs that followed and not even in the same ball park as the 6309s that preceded them.
Now from a historical POV the picture changes. historically speaking, the 7002s are one of the clearest markers of the evolution of the seiko main diver line. Notonly do they mark the begining of clear extensive efforts at controlling costs, but they also introduce seiko's first efforts at using new material and construction technologies in order to achieve those cost savings. from a design POV, they are also the link between classic seiko diver design and modern seiko diver design showing both features from old school seiko divers and introducing several used in modern ones. Lastly the 7002s are the first to introduce seiko's modern approach of large differentiation within a single model line (a practice that was continued and expanded within the SKX diver line).
From a historic POV the 7002 is well worth collecting, as physical attributes aside, they for a strong piece of seiko diver history. Just make sure that if you plan on collecting them that the price you pay makes sense.