
Seiko
Presage SPB165
Ref. SPB165J1
New Price
$650–$800
Pre-owned: $500–$700
Comparing the Seiko Presage SPB165 ($650–$800, 100m WR, 40.2mm) against the Omega Aqua Terra 38 ($5k–$6k, 150m WR, 38mm) — specs, movement, community votes, and an expert verdict below. The Seiko Presage SPB165 is the more affordable option by $5k.
Our Verdict
Too Close to Call
Both the Seiko Presage SPB165 and Omega Aqua Terra 38 are excellent choices — the winner depends on your priorities, budget, and style preference.
Complete head-to-head comparison

Seiko
Ref. SPB165J1
New Price
$650–$800
Pre-owned: $500–$700

Omega
Ref. 220.10.38.20.03.001
New Price
$5k–$6k
Pre-owned: $4k–$5k
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Visit Omega Pillar Page →Seiko Presage SPB165 is the value winner at $650–$800 — over 50% cheaper than the Omega Aqua Terra 38 ($5k–$6k). Omega Aqua Terra 38 edges ahead on water resistance: 150m vs 100m. Case size: Seiko Presage SPB165 at 40.2mm suits larger wrists; Omega Aqua Terra 38 at 38mm is the more compact option.
Pros
Pros
Both are excellent watches with different strengths. The Seiko Presage SPB165 offers a larger case and costs less new. The Omega Aqua Terra 38 excels in water resistance. The best choice depends on your wrist size, budget, and preferred aesthetic.
The Seiko Presage SPB165 retails for $650–$800, while the Omega Aqua Terra 38 is priced at $5k–$6k. Pre-owned, expect $500–$700 and $4k–$5k respectively. Actual secondary market prices vary based on condition and demand.
The Seiko Presage SPB165 has a 40.2mm case diameter with 11.6mm thickness, while the Omega Aqua Terra 38 measures 38mm × 11.1mm. Both have lug-to-lug measurements of 47mm and 45mm respectively. Consider your wrist size and wear style when deciding.
The Seiko Presage SPB165 is water-resistant to 100m, while the Omega Aqua Terra 38 offers 150m. Both are suitable for swimming and snorkeling at their respective depths. For professional diving, verify the rating exceeds 300m and includes a screw-down crown.
The Seiko Presage SPB165 uses a automatic 6R35 with 70 hours power reserve. The Omega Aqua Terra 38 features a automatic Cal. 8900 with 55 hours power reserve. Both offer traditional mechanical craftsmanship.
Seiko and Omega both command strong secondary markets. Pre-owned pricing shows an estimated resale value of $500–$700 for the Presage SPB165 and $4k–$5k for the Aqua Terra 38. Condition, service history, and box/papers significantly impact resale value for both models.
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