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Author
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Topic: FS: Apollo 11 crew signed insurance cover
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KFreund New Member Posts: 9 From: Chicago, IL, USA Registered: Jul 2017
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posted 08-31-2018 02:46 PM
Due to my continuing health issues and rising medical bills I am forced to sell another one of my cherished collectables, an Apollo 11 insurance cover. I am heart broken that I must sell yet more of my collection, but hopefully it will become someone else's treasure as it was for me. Getting old is no fun!I am offering for sale an Apollo 11 insurance cover with a Dow-Unicover cachet, cancelled at the Kennedy Space Center, July 16, 1969, with the 6 cent Apollo 8 earthrise stamp, and the autographs of Armstrong, Aldrin, and Collins in blue felt tip pen. I purchased this cover from Eunice Radnofsky of Rand Philatelic, in the mid-1980s. I have researched what prices have been paid for similar items and the range from low to high is big. I would like to get $7,500, but any feedback from the experts here would be appreciated. Thanks. — Ken |
Ken Havekotte Member Posts: 2914 From: Merritt Island, Florida, Brevard Registered: Mar 2001
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posted 08-31-2018 03:49 PM
Is this Ken Freund from the Chicago area?How are you good buddy as I recall our many correspondences throughout the 80s and in seeing you at AMERIPEX with Jim Irwin. I am so sorry to hear of your continued health issues and associated medical concerns. Please email me as I would love to get in contact with you again and discuss your space collections. Thanks so much! |
KFreund New Member Posts: 9 From: Chicago, IL, USA Registered: Jul 2017
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posted 09-12-2018 09:26 AM
I have received feedback from several collectors who suggest that my asking price is to high for this cover.I am reducing the price to $6,500 plus shipping. I would also consider accepting offers. Thank you for your input. |
capoetc Member Posts: 2169 From: McKinney TX (USA) Registered: Aug 2005
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posted 09-12-2018 10:07 AM
First of all, I wish you good luck with your sale and, more importantly, with your health.For what it’s worth, I would recommend not going any lower in price than you already have. The Dow Unicover version of the Apollo XI insurance covers (along with the crew patch version) is much more rare than the MSCSC version, and my understanding is that only a small number of the insurance covers were cancelled for the launch. The vast majority were carried by Tom Stafford via T-38 and cancelled in Houston for the landing (and most of those cancelled in Houston have somewhat unpleasant looking machine cancels). If you are unable to sell at your listed price, you would likely be better off seeking in one of the auction houses where your sale offer would reach more people with bigger budgets who may not own an A11 insurance cover. Of course, this option would take more time. Without question, your cover is worth $5,000+, and in the right environment will sell for closer to $8-10K... with the forthcoming release of the movie First Man that environment is on the horizon. Good luck with whatever you decide. |
DSeuss5490 Member Posts: 299 From: Columbus, Ohio USA Registered: Jan 2003
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posted 09-13-2018 09:11 AM
This is a nice piece and while I agree it has a $5,000+ price all of the higher priced comparables from recent auctions have associations such as coming from an Apollo 11 crew member, or another Apollo astronauts' collection, with corresponding provenance. I purchased a similar Dow cover earlier this year with a 1980's bill of sale from the same philatelic company. I bought it from a reputable dealer and the negotiated price was just under 5k after it had not sold for a long period of time. This cover is still highly desirable, and increasingly so, but I think given the lack of association a number over $6,500 is probably optimistic at this point in time? |
capoetc Member Posts: 2169 From: McKinney TX (USA) Registered: Aug 2005
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posted 09-13-2018 10:24 AM
You may be right... ultimately it depends on how much someone is willing to spend.It may be worth considering, however, that we are about to enter a (likely) short window of time with inflated prices for Apollo XI related memorabilia: the not-entirely-coincidental confluence of the upcoming First Man movie and the 50th anniversary of the Apollo XI landings will probably spike interest and, with that interest, a sales opportunity may exist. In my opinion, if anyone has Apollo XI related memorabilia and has been thinking about selling, then the next few months may provide a somewhat unique opportunity. If I were planning to sell Apollo XI insurance covers (and I am not), I would make absolutely certain that the unique history of those covers would be an integral part of the sale/auction description. Most of us are very familiar with the history of insurance covers, but almost no one else is. It will be interesting to watch how things unfold over the next few months. |
rbee Member Posts: 59 From: England Registered: Jun 2012
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posted 09-14-2018 09:49 AM
Always remember that if the cover went to auction then there would the auctioneers fees for both seller and buyer plus tax well over 20% of the hammer price in total so if anyone is interested in buying the cover then it makes sense to strike a deal on here. | |
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