What a #11! Are you kidding me?

So if any of you keep up with Council strips or Red and White strips then you are well aware of the book, “An Aid to Collecting Selected Council Shoulder Insignia with valuation guide” by Austin, Ellis, Jones, and Keasey. I own a copy of the 2011 edition and one of the neat features is the information about old red and white strips. Now for me these RWS are always a mystery. I know that some are worth $5 and some are worth $1000 but if you asked me to tell you which ones before owning this book I’d just be guessing. Built into their valuation guide for RWS they have a numbering system to rate how rare a red and white is. For a strip to get a rating of “11” that means that only 2 or 3 are known and an example has sold for over $2,000. So on eBay as I was building the Hot Finds newsletter and later the Top 10 video for this week I came across a listing that at first glance doesn’t look like much. I’ve got it linked below and after the fold I’ll tell you what the rest of the story is.

 

Boy Scouts Anthracite Council St. Andrew Catholic Scout Camp Tunkhannock Pa.

 

 

So as you can tell the jewel here is the two line Anthracite / Council strip (from Pennsylvania). It is rated a #11 and has a book value of $1868-$2284. So do you think the winner of this listing got a deal?

 

 

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Comments

I guess the value should be dropped to a #9 ($500-$999). Sharp eyes to spot this one though.

By ISCA87L on January 5th, 2012 at 4:12 am

My guess is that, by the time you get to the #10/#11 level of rating, a single new instance is enough to affect price/rarity estimates. For example, if there are only two known instances of a patch, the estimated price needed to purchase one of those two patches might well be higher than the realized price of a third instance of the patch that appears unexpectedly.

So the very fact that a new one surfaces changes it from a two-known to a three-known patch and thereby lowers the price.

By Tegularius on January 6th, 2012 at 3:37 pm

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