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Thrill of the huntYes, old Resistol hats are top-notch, and I'll stack them up to most anybody's of the era. It's likely worth $125...to someone, but not me.
First, I'm a cheap b*****d.
Second, I have the luxury to be picky because of my "stable," which includes several Resistols of similar era and quality. Several of our Members will drop $$ on a hat that I wouldn't because I just don't play in that market; I bow out of eBay auctions much lower than they would. This is a personal decision for me to not overspend on my hobby; plus, I like the rush of getting the deal as well as getting the hat. I've rarely paid much over $120 for a vintage hat and I'll let my results speak for themself. Now, if I really really want it, then Katie bar the door!
Third, my concept of the market of Craigslist is different from my concept of the market of, say eBay, where I perceive greater competition. I've been known to walk away from a hat at an antique market where the seller is asking a price I'd pay on eBay bidding against competition (shrug).
So that's part of my philosophy for hat buying and collecting. YMMV