Quoted from btw75:For the person who buys it, its not about having a 13k signed letter - its about the story. There is value - call it sentimental for some. "This pin was the personal property of ....". Its kind of like someone paying 6 k for a restore of a B or C list game even though a restored one is on the market for less - its not about value to others, its about value to them, and the restore adds to that value because of the story and the process.
I do agree with this, but there's just not much there. It's different, as in the Ebay auction, if you went over and met them and got them to sign it, etc. I'd think there'd be much more value in that and the signed machine, than in a NIB one with no indications of ownership other than a letter. Which would a collector rather have - a NIB one with no signs of ownership other than a letter, or an HUO one signed personally with a picture, signatures on the machine, and letter? I'm thinking the latter. Usually if you buy something with a story, there are some "cool" unique thing(s) that go along with the story. That's what I think is missing here. The only thing of value is the letter.