I have a Pessoa Stainless Steel Jointed Mouth Pelham - 5 1/4". Bought for $120.
Description: The stainless Pelham mouth piece is especially effective in Pessoa's design. Comes with chain. 4 1/2 cheeks. This Pessoa bit provides a powerful communication from rider to horse. Signals that are faster,stronger and cleaner, allowing the competitive rider an advantage with better command of the tempo and movement. The bit design does not allow the bit to fully collapse, thereby reducing tongue pressure and preventing palate injury, The curved shape comfortably follows the natural contours of the horse's mouth without hurting the bars. It evenly distributes pressure on the tongue and encourages swallowing and relaxation of the jaw to produce a softer, more relaxed mouth.
I'd take $40 plus shipping for it. :)
ETA: DUH!! Picture! http://i169.photobucket.com/albums/u...g?t=1311989988