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Everything posted by sfcityduck
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Not sure why folks think that the 9.6 is going to hit $2M+. The last 9.4 only garnered $795K, only about 12% above a pre-Covid sale back in 2017. So I'm not seeing a huge "Covid boost" on this book. Furthermore, the when one of the other three 9.6s broke $1M back in 2011, wasn't it the only 9.6 on the census? Now there are four.
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Thanks for posting. It does not appear that Seifort and BC are getting paid by Heritage for this article (or they are not acknowledging it) as with that prior Promise piece that broke the story, but it still is just a puff piece without substance or accurate facts on the back story. If you want to know the info that matters here it is: The Promise Collection includes Batman 1-3, Detective 33, 38, 39, 43-46, New York World's Fair 1, Special Edition 1, and Whiz 2, 3, 7 and 9. Disclosed page quality ranges from cream to off-white and grades range from 4.0 to 7.0 (although we know that there is also a Batman 9 3.0).
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Same here with Value and Mag Moderns.
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CGC's policy applies to all eras.
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The value of the book does not come from the encapsulation, it comes from the professional confirmation of the grade. DA's Mile High Action 1 gets higher offers than the CGC graded Action 1s because the highly respected graders who have seen it say it grades out as the best copy. If DA puts it in a fortress or other form of encapsulation that is not going to change its value. If CGC says the graders who have seen it are right, that is not going to change its value - it will merely confirm it. Unfortunately, most of us lack the credibility of the folks who have seen DA's Action 1 and so we use CGC to confirm the grades on our books. What gives the book value is the confidence in the grade, not the encapsulation and there are many instances where that confidence is achieved without CGC acting as the intermediary. Insurance companies do not establish value by grading services, but by expert appraisals of the grade and the market value in that grade.
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Wrong. The value you place on the book is for both replacement value AND tier pricing. As to replacement value, it is for replacement value while at CGC and while being shipped BACK to you. So using the value of the comic once CGC grades it out is not only intellectually honest (e.g. it is a 9.8 before it is put into the holder and after if it was graded a 9.8) but conforms to the reality of the value of the comic when CGC is holding it during grading, encapsulation, quality control, and shipment.
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Thanks for the info. I don't see that anywhere else on their site. But here's the question: If Standard is the more "time sensitive tier," is it right that Modern Fast Track with a value limit of $400 and a price of $37 (93 days) a faster service than Standard at value limit of $1,000 and a price of $75 (101 days)?
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Value - went to Grading/Encapsulation/Imaging as soon as they created the category around 7/8, still there. Magazine Modern - went to Grading/Encapsulation/Imaging also when created on or about 7/8, still there. 12 days at least. So, for me, Grading/Encapsulation/Imaging is just another parking lot.
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Heritage once indicated to me that they get preferential rates from CGC, and they sure seem like they have gotten some incredibly promising results out of CGC, so I've wondered if CGC actually states in writing that submissions are treated anonymously. Can you point me to the statement by CGC on that? Thanks!
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Now that is a cool button format!
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I do understand how queues work. CGC has explained it clearly. The question is whether the queues are working they way they have explained or whether a fixable problem has caused them to become broken. The answer is pretty obvious when you match up what CGC has said about how they should work with what CGC says about how they actually are working. Standard is now slower than Modern fast track, for example, despite being twice the price. So if you've got a 9.8 Usagi Yojimbo 1 you can expect to pay more to wait longer than if you have a 9.4. That is not how they say it should work.
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I agree with you that a grading company should strive to be consistent (although they will fail on occassion). That is what they are selling. But that a grading company should strive to be consistent with its own grading standards does not mean that grading is objective, especially when there are other grading companies and dealers and collectors etc. who adhere to different standards. As I noted above, no one has sent grading standards down from the heavens on stone tablets. Heck, CGC hasn't even published a comprehensive and detailed stone tablet. I hope that they have an internal publication they use for training. I suspect that CGC might find itself getting some management consultation under the new ownership that will help iron out some of the internal problems that CGC has been having in keeping up with demand.