Well I'm passing on it at $5500, and am out of town for the next week. I told the seller if he gets a bite, good for him, otherwise we can talk price when I get back. I think he got fleeced on his purchase of it and doesn't want to take a loss, but I also think you're all right that $55 is too much. If I can get it for $4ish, that'd be in a better ballpark. Fingers crossed! Thanks all for the help.
-Kevin