Pricing help, please

[Cliff Polubinsky]

I'm considering selling off my Japanese chisels but I need some help pricing them. I bought them a number of years ago and don't remember what I paid for them. They are Koyamaichi, mostly bought from Lee Valley when they carried them and a couple, I believe, from Hida, but I could be mistaken.

I have 5 - 3mm, 6mm, 12mm, 18mm and 36mm. I'm not looking at making a killing from them, just for fair, reasonable prices. Any help with determining pricing would be appreciated.

Cliff

[Eric Brown]

I'm considering selling off my Japanese chisels but I need some help pricing them. I bought them a number of years ago and don't remember what I paid for them. They are Koyamaichi, mostly bought from Lee Valley when they carried them and a couple, I believe, from Hida, but I could be mistaken.

I have 5 - 3mm, 6mm, 12mm, 18mm and 36mm. I'm not looking at making a killing from them, just for fair, reasonable prices. Any help with determining pricing would be appreciated.

Cliff

I would suggest comparing to similar on E-Bay. Thats a starting point. Are these chisels in fair/good/excellent condition? Are the handles sound? As I am unfamiliar with Japanese chisels and their makers I could not begin to estimate.
If possible, post pictures and maybe a more qualified answer will come along.

[Derek Cohen]

I'm considering selling off my Japanese chisels but I need some help pricing them. I bought them a number of years ago and don't remember what I paid for them. They are Koyamaichi, mostly bought from Lee Valley when they carried them and a couple, I believe, from Hida, but I could be mistaken.

I have 5 - 3mm, 6mm, 12mm, 18mm and 36mm. I'm not looking at making a killing from them, just for fair, reasonable prices. Any help with determining pricing would be appreciated.

Cliff

Cliff, I cannot help with a price, but I suggest selling them as a set and avoid breaking them up. They should have more value this way since Koyamaichi now appear unobtainable in the West. They are very good chisels, and you will not get a price from eBay since I very much doubt that anyone is selling them. My guestimate is an average of $150 per chisel. [edit: that is AUD. About $100 USD each]

I do have a set, some custom made for me by Mr Koyama specifically for dovetailing. I would not sell them.



Regards from Perth

Derek

[Jim Koepke]

Cliff, you might contact Lee Valley. They have kept track on many things I have purchased from them in the past and may have the same type of file on your purchases.

jtk

[Jason Meinholz]

If it's of any value, I paid $49.50 for my 9mm Koyamaichi from Lee Valley in 1/2020. I believe that was during them closing them out. Wish I had bought a few more sizes, that chisel is my go to if needing a chisel that size.

Do they have these same stickers?
Screenshot_20240419_073146_Photos.jpg

[Cameron Wood]

Hida has prices on their website for their several levels of chisels, for some data points.

Some Ebay comps:

https://www.ebay.com/itm/23549531239...2B9VY6CNRZ3N56


https://www.ebay.com/itm/13502369519...8AAOSwimJj0VGJ

https://www.ebay.com/itm/29636915485...3ABFBMnJufx99j


https://www.ebay.com/itm/29619324834...3ABFBMmtH3x99j

[Derek Cohen]

If you research eBay for pricing, it is important to only look at Koyamaichi chisels, and no other makes. Such as this ...

https://www.ebay.com/itm/325952221319

That is an 18mm oire nomi and it is $108 USD.

Here is a set of 5 Koiyamaichi - from Lee Valley - selling for $375 ...

https://www.ebay.com/itm/17630050585...Bk9SR7rnu9HfYw

There are many - many! - Japanese chisels on offer that are cheap - but they are nameless.

I have Kiyohisa chisels and, if I wanted to sell them (which I will not), I would be guided by other equivalent Kiyohisa chisels on sale.

Regards from Perth

Derek

[Cameron Wood]

I'd say if you want to sell some chisels, it's important to look at what the market is.

Chisels could be compared to wine- you can spend $$$ for wine, but it might not win a blind taste test, and above a certain point, differences in quality are slight, so one may be paying for a name.

I have currently about 70 Japanese chisels (as well as a bunch of planes)- some bought new as early as 1980, and others in more recent years through Ebay. Many of those were clearly long used by professional carpenters.

They basically all perform well, with subtle differences, & better than any western chisels that I have used (not an extensive list).

Finally, I would not expect Japanese chisels sold by a mass market American company to be top quality, especially based on to blurb in the link above, which includes this:

"The chisel blank is then formed to it's general shape with dies in a press." So clearly not hand forged- the hallmark of Japanese quality.

And also: "Koyamaichi is chisel maker in Miki city, Hyogo (outside Kobe) with a century plus history of making high quality chisels for those crafts persons who need their chisels to work for a living over those who may wish to admire their tools. As a result, they tend toward utilitarian in appearance without the polish and flair that some chisels made in Japan may have."

This is belied by the fact the they also make (and apparently are famous for) chisels with dragons carved in the necks.

[Derek Cohen]

I'd say if you want to sell some chisels, it's important to look at what the market is.

Chisels could be compared to wine- you can spend $$$ for wine, but it might not win a blind taste test, and above a certain point, differences in quality are slight, so one may be paying for a name. ...

Cameron, undoubtedly we pay for a name. Cliff did not write, "I have 5 Japanese chisels for sale". He wrote "I have 5 Koyamaichi Japanese chisels for sale".

If you had 5 Lie Nielsen or 5 Veritas chisels for sale, would you advertise them as "5 chisels for sale"?

Obviously the name means something. As with Porsche, BMW, and Tesla (just as examples), there is an expectation of quality that we associate with a name. If you can afford and desire one, this would be a preference over a Hyundai (which certainly may be a decent car, nonetheless).

Regards from Perth

Derek

[Cameron Wood]

Yes, good point, however Cliff's pool of potential buyers likely contains almost none who recognize that maker name, or any other Japanese one.

[Jim Koepke]

They basically all perform well, with subtle differences, & better than any western chisels that I have used (not an extensive list).

The "subtle differences" comment is interesting. For some situations there are chisels in my accumulation that just feel better than any of my other chisels.

Most notable is when pairing such as removing a shaving from a tight tenon. The feel as it slices through a thin layer of wood is almost like it is floating through butter while the shaving peels off.

Is a "subtle" difference in metallurgy between chisels enough to make one chisel glide through its work while another feels constrained?

jtk

[Cliff Polubinsky]

A slight clarification. I said I was -considering- selling them.

The reason is because I'm switching over to hollow grinding and I've read where some advise against that for Japanese chisels. My other set are Veritas PM-V11, which can be hollow ground with no problem and I'm reluctant to need to maintain 2 different systems. At this point in my life I'm trying to simplify rather than complicate.

But after researching more I've found that a number of people whose opinion I respect say that it's fine to hollow grind Japanese chisels, so I'll give it a try.

Thank you all for your comments. It's much appreciated.

Cliff

[Cliff Polubinsky]

Cliff, you might contact Lee Valley. They have kept track on many things I have purchased from them in the past and may have the same type of file on your purchases.

jtk

Jim,

I've looked through my order history and haven't been able to find it. Called Customer Service and she was able to find the order for the dovetail and paring chisels but not the bench chisels. Curiously, she was able to find part numbers for those two but nothing for the bench models.

Cliff