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1938 Roadmaster Supreme (4-gill)

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I passed up a chance to buy one of these so called bellows stems yesterday due to a lack of funds. I'm just wondering though, what are they worth?
 

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I was offered a repo at $550 so I would think north of that somewhere. Personally I believe this was only used on the '37 RMS top level model (Lobdell seat, locking for, white walls, streamline pedals). The lower level, if we can really call it that, had the long spring seat, no locking fork, deluxe pedals, and black wall tires. It used a different stem that kind of comes to a cone shape at the top. Just my observations. I really wish Phil would join us again and add to this discussion. I suspect he only logs in now as a guest to stay out of the fray. V/r Shawn
 
Our town is a better place now

YO THRILLER Love the bike Ive got a project coming today an elgin miss America 1939 (well almost) could use some advise Ill see ya around our good town and we can talk
ALL THE BEST RUDY C
 
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