There is a thread in "ebay auctions" about Gretsch being ridiculously over-priced. This is happening to the MIJ market as well, and I am beginning to get an idea of why. There is much to it, and we can look at the reasons here. I have been doing some research and digging and thinking (that's a scary thing, in itself). There was another builder from the MIJ market. A builder, and this is what I am seeing happened. They never got the attention and marketing as the others because it seems they were the Rogers of the era, a boutique builder. I am almost certain they bought shells, rather than making them because the switch to thicker shells happened at the same time, and they disappeared around this time. There would be no reason for three builders using the same shells.
The prices for MIJ are silly. Some are like the Gretsch phenomenon. They bring unjustifiable prices. Sure, they might be in excellent cosmetic condition, and the colors and chrome may be as if they were in a closet or the original boxes for the past 30 or so years, but they are still only MIJ, and the ones I see that bring this stupid money are usually 9 ply shells. They don't sound good, but man, are they pretty! I can see if some, like the early Gracy 3 ply shells in immaculate condition go in the 500 or so range, but that is top dollar, and you are getting close to lower priced Ludwigs and Slingerlands at this point. Yes, they are "rare",(I hate that word in the drum world for the most part) but beyond that, they are still MIJ drums. These do sound good, as well as looking good, if properly treated.
I am talking about the regular old low end stuff. The Apollos, Stewarts, ZimGar and Majestics, and all the others. Many of the stencil "brands" used really inferior hardware and shells. The way the stencil market works is like this: the distributor chooses from a menu of parts and pieces, from the very cheapest, crappiest available, to the best and then designs the badge and everything else. The builders offered very cheap shells, and a few of the smaller distributors chose these in conjunction with the very lowest grade hardware and viola, they are in the drum bussiness. And there is good reason, but not to the extent I see. I mean, yes, some are really better built, and some of the hardware is reasonably good stuff. It just works.
I am talking about a different type of reasoning. There is the Gracy Drum Manufacturing Company, that is a totally seperate company, it is not a "stencil brand" I have found out. They were an actual producer, not Pearl or Star stencil name.
So, as such, the very early stuff, the 3 ply shells, really good hardware, comparatively, and good wraps of better quality than the other builders. And I think they actually bought the shells from others, because the construction is timeline-wise, the same as the others did, changing from 3 to 6 and 9 ply in 66-68. Anyway, it is happening, and I find it rather comical, in the MIJ market.
Now, to make my case for my reasoning on the perception of value to me, I will pay more, a little more, for 3 ply shells than for the others, they sound better. They are not as strong, and not as available, but I like them better, and all of the hardware I have come across has been of reasonable, funtional and decent quality. I know the lugs are lighter wieght and the chroming is not as heavy, all of those arguments, but I haven't run across any broken lugs, no parts that don't work because they are plain worn out. I realize they were not used for the road, and that type of hard work can wear out parts, but anyway....
Excited I still like my junk...it sounds good.
Edit: The point of Gracy being independent is evident on all the badges: Gracy Drum Manufacturing Company