I generally prefer estate pipes anyway, but particularly, with Dunhill, I think new Dunhills aren't a good value. It's quite common to see recent make Dunhills on eBay for 1/3 of MSRP, if they've been smoked a good bit, and 1/2 of MSRP unsmoked. Similar prices for older pieces, too, but with more wear. Most folks would say the older Dunhills smoke better than the newer ones... Regardless if you prefer a newer shinier pipe, or an older tastier pipe, I think for Dunhill, you are definitely better off with an estate pipe from a reasonably reputable seller. Just MHO of course.