3940J - advice on an (early) 3rd series model

Dec 30, 2017,17:47 PM
 

Hi all,


For the past few months, I have been looking on-off for a mint-condition 3940J/G to purchase. I don't usually buy pre-owned but since this reference was discontinued over 10 years ago, this's the only option. My main criteria is that it must come as a complete set (COG, box, stylus etc). I've looked at the 5140 but the dial looks 'off' to me hence my preference for the older one.

I've just across a 3940J model with the COG dated 1990. The 1st series was produced from 1985-87 and 2nd from 1987-89 and this is an early 3rd series. It only has a solid case back (as per consistent with that period) and it comes with an optional deployant (the older square style). The watch was recently serviced. Price-wise it is consistent with later 3rd series models that include the sapphire case back and deployant as standard. This reference was one of the longest production models with a run of ~16 years but being an early one, i'm unsure if that somehow makes it more collectible.

Obviously, the 1st and 2nd series dials are rarer and more collectible. So my question is whether I should:
- get this since it's an early 3rd series
- get a later 3rd series with sapphire case back and deployant
- hold out for a 1st or 2nd series 

My gut feel is that I ought to pass but any advice or suggestions would be welcome.

Thanks












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Only the first serie

 
 By: tactictac : December 30th, 2017-18:25
( 700) and very few of the second serie hade différent deal...

3940 is a classic must have for true Patek collectors but...

 
 By: ThomasM : December 30th, 2017-18:49
It is still in a nadir stage due to being unfashionably small. Same with 5050... Stick with gen 1 or 2 but remember it might be hard to deaccession for maybe a decade or 3... But if you like / love it go with your heart. The greatest value to a Purist ent... 

Thanks. I get that the earlier ones are preferred. But

 
 By: Benf : December 30th, 2017-21:11
if one were to stick with a third series dial, given it was in production for so long, is there any intrinsic value for an earlier one (produced say in the 1st year, 1990) vs a later one (say 2000)?

3940

 
 By: fabios : December 30th, 2017-23:55
Deployante is not correct, is for Ellipse.

+1 ! 😉 [nt]

 
 By: Mike H : December 31st, 2017-00:10

First of all...

 
 By: Mike H : December 31st, 2017-00:09
...welcome here ! It is always a pleasure to welcome a new member and if he arrives just at the edge of the new year and is a Patek aficionado it can be only a good sign ! To come back to your question, I cannot tell you what is good or bad or tell you wh... 

Platinum = no sapphire back

 
 By: Benf : December 31st, 2017-04:09
Thanks for your kind words and detailed reply Mike. One downside with the 3940P is that it only comes with solid case back. For a newbie like me, I likes the sapphire back so I can view the movement: chuckle.

There is no harm with liking a sapphire case back ;)

 
 By: Mike H : December 31st, 2017-05:25
In that case I would go for a R or a G version. Both are stunning... I actually owned G, R, and P in my horological journey and R and P are the 2 ones that made my heart beat faster, so if P is out for you choice becomes obvious... . Good luck with your c... 

I would not think too much how collectible the watch is.

 
 By: dr.kol : December 31st, 2017-00:18
In all versions 3940 is a wonderful watch to wear. I would go for a version with two case backs and correct deployment buckle. Have you checked the red gold version? Even I'm not a big fan of coloured metals, 3940R is stunning. Best, Kari

3940....

 
 By: fabios : December 31st, 2017-01:53
Here is my 3940R...a fantastic every day watch. ...  

Indeed!

 
 By: dr.kol : December 31st, 2017-02:14
Ref. 3940 is not a big collectors' item but a fantastic watch to wear. An iconic perpetual calendar regardless the version. Best, Kari

Amazing photo amazing watch!

 
 By: Costa (aka Connie) : December 31st, 2017-05:07
Every time I see this picture I get goose bumps. It is the best pic of this reference I have ever seen. Happy New Year. CB

When you say it’s not a big collectors’ item

 
 By: Benf : December 31st, 2017-03:16
Thanks all for your comments. As you can see, I’m new to this hobby and any insights/suggestions is most welcome. Is it because this reference was made for so long with production ~7,000pcs (source Hodinkee)? Or is it due to the (relatively) small size? T... 

First serie

 
 By: tactictac : December 31st, 2017-04:28
700 pcs, the big difference is not only the dial bat the year indication; this was "springing"(complication) after streiking... ...  

I think you are correct on 2 counts.

 
 By: Costa (aka Connie) : December 31st, 2017-05:17
The small size and large production numbers make it less collectible I think. Many Patek collectors gravitate towards pieces that are rare such as the amazing “London Edition “3940 with a salmon colored dial. Only 5 pieces made. A forum member has one and... 

Thank you.

 
 By: Costa (aka Connie) : December 31st, 2017-08:17
I have looked around a little so far. I find many 3970s incomplete, either missing box or missing certificate of origin or the extra case back. . I feel that a complete set is a must. The other thing to consider is when buying the 3rd series 3970E, many m... 

Broaden my search

 
 By: Benf : December 31st, 2017-06:13
Even though this’s a common reference, dealers in Australia seldom see it. So I’ll be doing some (watch) shopping when I’m in HK next month . Given the importance of condition, I’ll be very reluctant to purchase without seeing it first.