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Lennon signed check

Could use some help on this one.Thinking of purchasing this piece from a friend.He obtained it from heritage auctions last September.This is the first travelers check I've ever seen signed by Lennon.My question,is it worth more than most checks out there because it may be a one of a kind? If it is,how much is a fair price for it?I'll also attach the story behind the check with the picture.
Thanking you guys in advance.

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Permalink Reply by Paul Hakimian on December 17, 2015 at 5:44pm
Here is the check
Attachments: No photo uploads here
Permalink Reply by Paul on December 17, 2015 at 5:47pm
It's really a nice piece. I suppose the answer would be to ask your friend how much he paide for it.
There are usually a couple of cheques on ebay, but not travellers cheques.
Permalink Reply by Paul Hakimian on December 17, 2015 at 5:59pm
I know for a fact he paid 4K for it.Imo I think he did well.Im just not sure if he got it for a steal?or he paid a fair price for it?To be honest, he is asking around 5k.Just trying to get opinions on what a fair price for the piece is.
I see a lot of checks on rr's past auctions for price comparisons.( from 4K,upwards of 8k)and a few on eBay asking ridiculous prices.This being a travelers check and to my knowledge the only one out there ,with a pretty cool story is what is throwing me off.
Permalink Reply by Eric Keith Longo on December 17, 2015 at 6:01pm

It is a beautiful item, and 1967 was a heck of a year for Lennon. Pepper has only been out 6 months! Very cool dated signed document - snapshot - a gem.

Eric

Permalink Reply by Paul Hakimian on December 17, 2015 at 5:46pm
Here is the description and provenance.
Attachments: No photo uploads here
Permalink Reply by Paul on December 17, 2015 at 6:03pm
5 is a fair price and you may make a grand or two if you sell it.
Permalink Reply by Paul on December 17, 2015 at 6:11pm
Epperson has a lennon hand written letter for 7.
Permalink Reply by James on December 17, 2015 at 6:45pm
If I were you, I would get it fast before he decides to raise the price! I personally think it's a good deal. Plus, how many Lennon items are signed in purple? - another unique quality to it.
Permalink Reply by Eric Keith Longo on December 17, 2015 at 6:57pm

Good point and appropriate for the year!

Eric

Permalink Reply by Paul Hakimian on December 17, 2015 at 8:05pm
Thanks for the advice guys.Felling pretty good about the piece now.
Permalink Reply by automan on December 18, 2015 at 6:43am

nice item,,, 5 grand is about what its worth and no more imo..ive seen the odd handwritten letter too around the £6.500 mark in the recent past and there is a big difference between a letter and sig than just a sig on its own.........my home town manchester too,,,just 35  miles from liverpool:O)

Permalink Reply by Jared on December 18, 2015 at 10:07am

Hey Paul, checks are very difficult to get below market due to the fact that many are not unique & demand the same price across many markets. This check is different for Lennon, something that is always good with collecting, but it doesn't have any music related content. If the check is for a famous trip Lennon took, it would be worth that price, below that I think you are reaching. 

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