I have recently bought a gray Sheaffer PFM V, manufactured in 1959, for just about $400. I was told that the gray model was very rare, and that other customers have found it elsewhere, but the price tag was $1500.
Which one is the "real" price?
(Note: I don't intend to sell it, it's for insurance).
Welcome to FPB.
Pricing of old pens of course is not an exact science.
Gray is the most scarce PFM color and is the color of greatest cachet and value, all else being equal.
I sell pens on my website, retail (save for some modern items) with warranty and with no rush. I would charge more than $400 for a truly excellent PFM V. But, once one factors in the added value for the color, the usual spread for the models I through V tends to compress a bit. I might offer a truly excellent pen, with warranty for around $575. I'd sell a PFM I (lower trim level) at around $425. A mint stickered pen of course would be another story and would carry a premium. I sold one in that state a few years back for $750, retail. A real retail price is likely $550-600 if excellent. Flaws of course count. That is retail. Wholesale would be less of course. I think you paid a reasonable price if yours is in nice shape.