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UPDATE: White House JFK letter bought for < $280 is AUTHENTIC & flipped for $1126 !!

Just thought I'd do an update to a posting back on November 10 about a White House JFK letter that was laminated and sold for less than the BIN price of $280. The original seller wasn't sure if it was real, so he let it go for less than $280.

It looked good to me. I just wish I had seen it first. Well, the buyer quickly sent it in to PSA/DNA, and it was certified authentic. I was wondering how the lamination would affect the value. Well, despite the lamination and general poor quality of the letter, it garnered 27 bids and a final price of $1,126.00. Nice flip. I, of course, would have kept it. But that's me. I guess the lesson is always be aware of what you are selling!

Here is a link to the original sale:

http://www.ebay.com/itm/Autographed-Signed-John-F-Kennedy-Letter-Ju...

Here is a link to the sale post-PSA/DNA authentication:

http://www.ebay.com/itm/John-F-Kennedy-Signed-Autographed-White-Hou...

Also, I've provided a couple of pics of the letter and the PSA/DNA authentication.

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Permalink Reply by James on November 30, 2014 at 10:11pm

And here is a link to the original discussion if interested:

http://live.autographmagazine.com/forum/topics/authentic-jfk-autogr...

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Permalink Reply by Bradford on November 30, 2014 at 10:48pm

Impressive. How many original bids were there?

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Permalink Reply by James on December 1, 2014 at 12:32am

The original seller just had it listed as a "Buy It Now" for $279.99 or you could "Make Offer", and the buyer made an offer that was accepted. I don't know how much lower than the BIN price it actually went for. But when I saw it in the completed sales, I was pretty sure it was authentic. It didn't look like any of the secretarial or autopen signatures that I could remember off the top of my head. Then I looked further, and I was sure it was one of the authentic JFK signature styles (his autograph probably varied more than anyone I've ever seen). Then I was wishing I had found it first!

Anyway, the buyer got a steal on this one. I believe PSA/DNA charges $150 for JFK; so if you figure he got the letter for about $250 (maybe less), that means he only had about $400 in it. So that's better than a 100% return in less than a month! But I'm a collector first, and I would have treasured that thing myself.