NewWorldOrder

On 1/4/2024 at 9:50 PM, BrashL said:

Yea you’re kinda proving my point. Sleep on it and maybe it will make sense in the morning. 
 

Also raw is the competition and always has been but that point seems to have sailed over your head. 
 

And man if you’re older than me (I wish I was still in my 20’s) and still have this precarious a grasp on simple concepts. Yikes. 

I don't think you are getting some basic points here.

The competition is for raw comics of course but no raw books will sell for more than what it would sell for in the same grade or higher in a graded holder.  

Also the competition for RAW comics many times is with the intent to get them into a CGC holder.  I know they are many raw collectors out there, but more often then not the best of the best comic books one day will usually wind up in a CGC holder. 

On 1/4/2024 at 10:10 PM, ExNihilo said:

I've been on holiday since this whole thing exploded and there's no way I'm reading nearly 300 pages to get caught up on it.  I get the gist of it though...someone found a way to open cases, swapped to lesser books, sent for reholder, and rinsed and repeated.  How this was all figured out is lost on me.  As are any other deeper points.  At this point...

...i'm too afraid to ask.

That's about it so far.... and that CGC released the list containing 350 books that may have been tampered with.

On 1/4/2024 at 10:04 PM, drotto said:

I agree 100%, when you finally get around to saying it.  

 

6. Most comic collectors are either not aware this is going on or only somewhat aware. Those of us posting here, obsessing over the details, and acting like the sky is falling, are the minority.  Now, it is great we are here, because those same obsessive people are the ones that actual protect the hobby. 

 

If this upsets some people, I am sorry. I am trying to be a realist with all of this. 

Total agreement with everything you said, but #6 for me is the hard facts #1 reason, and why even a short-term I dont see much of an impact.

MCU and DCEU failures

New Comic books being terrible

No new big movies in 2024

Those will have more of an impact possibly than this scammer could ever have with what is known so far.

On 1/4/2024 at 9:00 PM, BrashL said:

I mean you really don’t seem to understand anything about market pricing or basic economics. This thing where you’re going to buy things at 50% discounts, what are you even talking about? I can only think you’re trying to make some point about liquidity with the “selling your stock” example but that doesn’t make a ton of sense in this context given how many buyers each sale has.  Maybe take a break from this thread for your own sake.  

I understand you are young, and in your 20's so I will try again to explain.

"In their minds CGC market values are down now, but only till they want to sell their own books. "

Some people here are acting like the sky is falling and CGC comics will now suffer grave market declines, so 50c on the dollar would seem like fair price then right to buy their books at right? I mean if now they believe CGC comics are now becoming worthless I am offering anyone here a lifeline I am baiting you and others to maybe wake the  up and let your common sense brain come alive. They are contradicting their own posts.  Again no one is saying this isnt a big deal, but its not the apocalypse by any sketch of the means.

I am saying you and others are being very illogical if you think this current scam will have any impact on the comic book marketplace what so ever.  Listen you and others are free to have opinions, and I also have the right to say those opinions are non-sense and not based in reality.

End of the day CGC has zero competition, so where you going to go.....no where.

Have a good night.

On 1/4/2024 at 8:30 PM, BrashL said:

This is such a dumb take. First of all, this scam devalues CGC, not comics in general. The actual metric you should be asking about is the CGC premium over raw which is what would actually tell you something. Second, I personally value the CGC guarantee a lot less the. I did a few weeks ago but ultimately the market will decide. I’ll be buying raw in the meantime. 

No, actually its just how some people hear think.

In their minds CGC market values are down now, but only till they want to sell their own books.

Well I think many posts here are in fact dumb takes so right back at yea.

On 1/4/2024 at 7:48 PM, Lightning55 said:

Not an accountant, I see.

Quite funny that you are criticizing someone for these terms when you don't have them correct either. I think they call that being hypocritical. 

From your earlier post, you are defining net profit as what you receive after auction fees. This would actually be "net proceeds". What your net profit is would be the difference between what the book sold for, and all expenses involved (auction fee, shipping, original purchase price, etc.). 

Well wait a minute what if all you had into the book was auction fees, would that not be net profit?

On 1/4/2024 at 8:10 PM, greggy said:

WTF?

Is this a need for some accounting advice?

xoxo

greggy

Assets-liabilities = comics are now over.

That's what is going on here Greggy my old friend.

I have been doing it all wrong for years.

On 1/4/2024 at 8:04 PM, onlyweaknesskryptonite said:

On 1/4/2024 at 7:58 PM, Lightning55 said:

Gross profit would have been an acceptable term. But not net profit.

And I think you mean ROI, not RoE. And it wouldn't be ROI, which is expressed as a %.

You mock a guy who got it wrong, as got it wrong. Priceless. 

Wouldnt that also be Ordinary income or capital appreciation after expenses were taken out?

You also have to add back in the sales tax right?

On 1/4/2024 at 7:48 PM, Lightning55 said:

Not an accountant, I see.

Quite funny that you are criticizing someone for these terms when you don't have them correct either. I think they call that being hypocritical. 

From your earlier post, you are defining net profit as what you receive after auction fees. This would actually be "net proceeds". What your net profit is would be the difference between what the book sold for, and all expenses involved (auction fee, shipping, original purchase price, etc.). 

Wait isnt that Gross Profit? Or isn't that more RoE? or Options Call or puts?

I forget you are right. Thanks for the correction.

On 1/4/2024 at 7:46 PM, onlyweaknesskryptonite said:

With the addresses and the sheer amount of 9.8's there isn't anything that says this isn't Danny or he isn't involved. 

You know who knows.

Danny never came up that's for sure.

On 1/4/2024 at 7:44 PM, onlyweaknesskryptonite said:

 

That is kinda where I was going with this.

As someone already mentioned some of these books may be from or for his personal collection. 

 

Now imagine that Danny during his forgery days added a Stan Lee 86 sig to that 1st page on an AF #15 that was originally missed when they sold off the Wall of Fame books and they believed it to be real. Later he repurchased the book and decided to get  a CGC signature series label added by having it witnessed and signed by Stan on the back . 

Danny also makes this scammer look like a warmup I agree.

On 1/4/2024 at 7:37 PM, Buzzetta said:

FF 252.  When I was a kid FF 252 was a hard book to find because comic stores would keep them behind the counter to donate the tattooz when a ASM 238 entered the store. 

Interesting.

You were around back in the day, what do you think is bigger this or the Ewert?

IMO Ewert by a mile.

On 1/4/2024 at 7:35 PM, comeaux said:

You stalk these boards 24/7 but you didn’t know this 

Actually I am barely on the boards anymore.  Only come back on for special occasions. 

On 1/4/2024 at 7:34 PM, Buzzetta said:

There is a very good chance that the graders have been grading tampered 238's for years.   There are a lot of married tattooz books out there and I doubt that they were detected as such. 

Yup you are reading my mind, from that FF book you can get the tats right?

On 1/4/2024 at 7:29 PM, Buzzetta said:

Right.  And that is what I am not getting.

What is the purpose of monkeying around with a signed book to begin with? 

 

Who knows what went on.  Again from that list of 350 I would imagine some of fine, but the ones where there multiples of the books I would think a good amount could have been tampered. (asm 252 300 238's etc)

I think the ASM 238's might be the big one. 

On 1/4/2024 at 7:26 PM, Buzzetta said:

Now this is what I am talking about though.  What are doing with the original copy?  Let's say you are screwing around and monkeying the books.  When it came to the Hulks it is no big deal because you send the lower grade 6.5 missing a value stamp copy in with the 8.5 copy slab and then send the actual 8.5 copy in as a brand new submit.

Now do that with a signed book.  The chain of custody is automatically broken so where does the original signed book go to?   Is that going to a competitor to be verified?   See what I am getting at?

Unless they messed with the inner-well, the signed book is prob okay.

On 1/4/2024 at 7:05 PM, comeaux said:

You’re dealing with a SlabTard who has to sell a few 100 books a week to survive in a shlthole city with a miserable life. His M.O. is to vehemently defend any criticism of CGC. Look at all of his posts, it’s very obvious 

A few hundred books a week? Damn dude I would be living in the Hollywood Hills!

A hundred a month, and I left Philly for soCal.  Better weather at least.

I am only defending the absurdity of what some have said, nothing more. 

On 1/4/2024 at 6:06 PM, gmasstermcd said:

 

 

Calling someone a jerk and saying someone is being kind of a jerk are not the same.

Listen dude tough to have a real conversation with someone who doesnt know what auction sites even charge or knows the difference between market value and net profit.

On 1/4/2024 at 6:41 PM, awakeintheashes said:

The Strikes thread and LTPC were always a good time. 

The good old days!

On 1/4/2024 at 6:38 PM, Silver Surfer said:

You get points, demerits now?

Remember when the boards was almost impossible to get a strike?

The CGC boards now, I would get a 12-month ban for just one of my average posts from 2009.

On 1/4/2024 at 6:29 PM, pdags said:

That's the real issue...  people say they want justice, but in reality they want their money / comicbook first.     

I never thought about them destroying counterfeits applying here, but I do hope people directly frauded on this have reported it to the FBI.  At minimum, the more noise the better.

Maybe is worth a Supreme court hearing as well?

The $ amount is certainly going to get the attention of the National Media. 

Maybe even a topic at the Presidential debate here end of the year.

Relax its called a joke.....

Yes in reality most human beings do exactly what you said, and there is nothing wrong with that.

This hobby has proven that if a known criminal has a book you want, morals go out the window.

On 1/4/2024 at 6:18 PM, grendel013 said:

In between 6 month suspensions.

wait he got suspended for 6 months?  what did he do this time?

On 1/4/2024 at 6:14 PM, tmac100 said:

Couldn't they just be valid books he sent in to be graded for the first time, along with the book to reholder?  Maybe part of the strategy - it seems like it would be less scrutinized if he sent in a reholder along with a bunch of books to be graded for the first time.  If a book was only submitted/graded once, they are probably considering it to be legit.

I agree.  I think its a mixed bag.  That is why while that 350 list is bad I think a decent mount with be Okay once the submitter sends the book back to CGC.  I think we can all agree the books you see the most: ASM 238 252 300 etc are prob going to have a higher % of tampering is my guess.

On 1/4/2024 at 6:09 PM, MAR1979 said:

This is not a response to any particular post; Nature abhors a vacuum. When Roy was banned the gap was simply filled.

Wait Roy got banned? 

On 1/4/2024 at 6:08 PM, Sigur Ros said:

From: black_market_comics on IG

Where are they getting the ASM #300 % from?  That seems really high.