Excellent analysis by Luke Lyon, flagging the huge valuation gap between the Piedmont 150 Magie portrait error card (pop 180) and Magee portrait rare backs. For example, the pop reports show 11 EPDG Magee portraits and just 4 Old Mill Magee portraits.
Does the Huge Price Tag for the T206 Magie Error Make Sense?
http://www.thatt206life.com/2017/04/...or-make-sense/
Excerpt:
"The Old Mill above is so rare that it’s almost non-existent, and yet it sold for just 13% of the $15,340 that the PSA 3 Magie pictured at the top of this article went for. We know that there is more to value than the supply side of the equation, but I can’t help but come to the conclusion that the Magie Error is over-valued. As long as collectors continue to covet the Magie Error to the extent they have historically, prices will remain high. With more information available to us via the Pop Reports, it’s possible that prices will adjust over time to be more in line with actual scarcity (or the lack thereof)."