I bought a pair of those generic chinese 12 X 60 rubber armoured binos in 2002 from Oztronomy. I originally wanted the 15 X 70 but tested out 5 pairs at night and none were in collimation. Thought the 12 X 60 a bargain at the time for $260. When the dust settled I realised they were pretty poor quality . Evertything had play in it . You even had to be careful not to lean more on one eyepiece as it would send both sides out of focus. You can get them locally for $49 now .
I have owned a number of pairs of binoculars and these were by far the lowest build quality and I think about $49 is what they are worth.
FYI I currently own 10 X 42 Gerber roof prism
20 X 80 Vixen long focus objectives ( circa 1986 )
25 X 100 FB Chinese generic ( good but a lot of work getting them collimated to my satisfaction) .
The 12 X 60's are in the junk bin after one of the eyepieces just fell off in the middle of a paddock somewhere at night.
