That is insane. I've never seen ANY LOTR graded by PSA.
Weird. Before I started collecting (but I had just seen the movies) one of the local baseball card shops in my area (I was a huge sports card collector) had some Graded foils--Legolas,
Greenleaf,
The Witch-King, Lord of Angmar being two of them--in the store. And they were
maybe $20 each.
I just remember seeing
Boromir, Son of Denethor (foil, not graded) for like $4 and thinking, "Man, those movies were sweet...but I'd never buy any of those cards."
When I actually got into the game, they had already moved all of there finest products.
-wtk