I found a AFA carded VINTAGE one for $300, and a Club carded one for $400. The $400 Club one was the only one I even saw in the results.
Look, I've got some Masterpiece Transformers that are worth $400 or so on eBay, and I'd probably sell those for that. That's still ridiculously expensive, and they're not worth that, but they are worth the $150-200 range, depending on which one it is due to all the parts involved. Transformers are complex and each one is its own engineering marvel, especially at the Masterpiece level. I'm talking hundreds of pieces with pretty good QC.
25th/ME Joes do have a good deal of parts to them, but considering the reuse and the fact that they don't have to transform, to pay $400 for Dial-Tone is frankly stupid. I don't give a shit how rare he is. And he was JUST MADE! Carded vintage ones have GOT to be a considerable amount more rare, and for one to be AFA graded for $100 less than one that came off the assembly line less than 3 years ago? That's goofy.