Although I don't own a 292, I know it scratches pretty easily due to its finish. I own a vintage 1680, a LV and a SD. All I can say is, a sub is a work horse goes well with a suit or wear it casually with a T shirt. Is a classic, but also everyone kinda has one - especially if you are in London. The 292 is not really something I can say is an all rounder, so it really depends what you are really want for a watch.
Also there are plenty of rep Subs out there so you might be a bit detered in terms of the amount of people who owns a "sub". If money is NOT a main issue (you don't mind forking out a thousandish or more), if I was you I will try to find a vintage sub, 5512, 5513 or 1680 if you fancy a date. The newer sub I don't really like as the dial is a bit too shiny for me. Below is my 1680.
I don't think the people who create such threads are really going to count up the yes/no votes and go with whatever others decide, but are truly conflicted and are asking for others to give them opinions that they may not have previously considered. That being said, I do believe every watch enthusiast's collection should include a Submariner. The 292 is an awesome watch as well and it's hard for me to directly compare the two. If it's the PAM that receives the least attention and wear in your collection, then sure... trade away!
Rolex sub is a must in almost any collection of sport watch enthusiast , maybe not the best but surely with undeniable qualities
No watch has value "per se" , it depends on your response to it , as you know . But there's no doubt Rolex Subs appeal to most of people and are surely a good place to let your money sink in
No matter I like Panerais, I've noticed that market value for most of pre owned Pam's I have do not follow the same curve as per my Rolex sport ones; on the other side, the coveted Pam's are always accounted for in advance thanks to well known circumstances, and you face always a premium if you want one -- which is kind of tiresome
Just kidding (sort of). As an owner of a 292, I can say I really like the piece (especially when paired with an assolutamente strap). With that said, I would not characterize the 292 as an everyday watch. It has its moments when I like to wear it but there are other times that I just don't feel like it goes with my wardrobe or the setting I will be in. The submariner is probably more versatile. Then again, isn't it 40mm? That's a big jump from the 45mm of the 292. Personally, it's too small for my liking (but that is obviously a matter of personal preference). So, with that said why not get a Submersible instead
...you'll definitely get more wear from the Rolex. Then again you have to ask yourself what you want...is it a SS bracelet? What are your other options, if any? Does it have to be a Rolex? What about a black or white Explorer II at 42mm? What about a GO Sport Evo? What about a Blancpain FF on bracelet?
Personally, the 292 doesn't say much to me, I'd flip it for something else.
I am of course biased as I have no love for black ceramic cases. The new Submariner with the Ceramic bezel is a very versatile timepiece. Looking in my watch box at both the 292 and Submariner I would gravitate to the Sub every time. Best of luck with your decision!