No.
I'm looking to buy an AF #15 and as I look I just have never observed any sales that follow the advice you guys are giving (e.g., I have yet to see a restored copy for sale at 20% of the unrestored price) in the lower grades.
So, I am taking your advice as a "I have yet to observe it in the wild" type of thing, in the context of AF #15.
Further, I'm saying give me a heads up if anyone actually sees someone selling a restored AF 15 at 20% of what an unrestored goes for, because at that price I'd actually be interested.
The advice was useful/interesting, I'm now going to need to see how it bears up in the reality of actually buying an AF #15 because the SELLERS I'm seeing are certainly going for the gusto on the prices they're asking on restored books (especially trimmed ones), which is certainly not following this guidance, so thanks for the advice everyone.
I'm really trying to understand (based on data I'm seeing not matching the advice), not argue.