Good question. I'm not sure what is the current FMV for a 31...nor do I follow trends. I guess I'm what you call a value investor, looking to profit from a long term hold. For the entire run (including Bat 1), my upfront costs didn't go above 15K...and most of the books were bought in 2007-2008.
Terry O'Neil offered me a CGC .5 o/w Tec 31 last year before I bought my copy...it was sold to someone in NY and Yannis finally got it...not sure if this is the same copy Rockman, but Terry had offered it to me for $5500...
Was it missing a back-cover as well?
yep. might be the same copy as rockman's but I think it is a different one if he has had his copy since 07-08...I think the .5 copy Terry obtained last year was from a local collector (SoCal), so probably a different copy..
There are two .5's on the census so it's a very likely possibility; the fact that both have the back-cover missing is an interesting coincidence as I doubt it was a re-sub.
$5,500 seems like a strong price but certainly not out of line for a book of Tec #31's magnitude; especially when there are only 27 graded unrestored copies to-date.
I can confirm that there are indeed 2 CGC .5 Tec 31 Blue's both missing the Back Cover.
But it is important to note the one Rockman has is far superior to the "other" copy out there. (thumbs u
4 out of 5 rodents recommend my copy.