Mmehdy

Strong signatures and not faded and verified at least 2X...but value is very subjective, Superman #100 is a very strong choice.

are the signatures on the cover or inside and Superman #100 is great

My opinion is the value would be tied to what GA comic book it is....Superman #1 or Superman #68...how significant is that particular book in terms of GA/SA comic book collecting, and then of course what condition is the book restored or unrestored a lot of factors here to consider.

I have always liked that book, I remember buying a copy for $90 dollars in the 70's in great shape and traded it a few months later. Never got a copy again.

If you can find one...grab it

The largest format book ever published is going to be released in two formats by Vanguard Publishing on June 30. I have pre-ordered the limited signed edition with 16 extras pages and signatures some time back. I just clicked on the Vanguard website and they have a video preview of the book. In my opinion it is one the finest art books ever published.The large format reproduction gives Frazetta the justice he deserves and it is like rediscovering his work again. I have all the Frazetta books, including Icon which is 9/10...but this one takes the cake. It is really great in these tough times to see a great product come, and we really need it.

BC..well said. I do not think that there is a end of the world immediate event for GA/SA comic book collecting or for that matter general comic book collecting. But there are major changes occurring in our overall hobby which will impact future SA/GA pricing in the long run. It appears that the trend to go digital in comic books has been pushed forward by the Virus and its economic fallout. Look at the changes to the video market which have evolved from VHS to Laser Disc(which was great by the way), DVD, Blue Ray,4K disc and now on demand in HD. Those format changes eliminated your mom and pop video store, Tower records, Blockbuster's 10,000 stores and everybody else. We are evolving into a digital comic book world with I pad's being able to blow comic book panels in amazing sharpness and detail that a paper comic book cannot. At some point only a select few antique type comic book shops will remain. I really think the writing on the wall started with Mad in a way, no ads no code...then ads, then color, then no really new material...it is headed like Playboy on line. The real problem is this economic fallout will take out printed comic books and a number of shops before its natural time. The more we cut off new collectors or new material the smaller we become. Of course the "Super" keys which remained ingrained in the public should hold their value and be the last to decline. Low grade copies you can read and get the feel of the book, but what is coming is digital superiority in terms of color, size and access along with cost which is gonna limit collecting to "paper collectors" unless you have a found memory of the drug store, 7-11, or early comic book stores and can related to owing something that was on a newsstand 50 years ago. I feel that comic book stores bridge the gap and make new collectors want the touch, the feel, the excitement of the buy become alive. As we return back to normal and just accept the risk of getting the virus, like the flu every winter, the major fallout that concerns me the most is who is gonna pay for all of this bailout. It is either me and you dollar for dollar, or the government uses the slight of hand and let inflation go a bit and then pull back the reins. So what worries me the most is a rare combination of both stagnation and inflation. We have gone thru that once before in recent history and in order to push down inflation interest rates went to 19%. This cloud hanging over all of us, should make you very cautious when you purchase your GA/SA books. I believe if you are condition picky, especially in late 1945-1955 GA you should be ok provided you have taken all possible future events to discount this. I am a fan of Chucks newsletter on Mile High Comics website, I have been reading it for years, some good info, a lot of chest pounding, but sometimes he can really have a sense of humor. This last one takes the cake, Mile High and Chuck always have some sort of sale going. His reaction to the DC move is that the new comic books are gonna be history. His new codeword for his sale is "DCSUCKS"...what a jokester

GA/SA Market update: 1-The first effects of virus shutdown has happened. DC comic books will not longer be distributed threw Diamond Dist. They dumped them for some smaller USA distributors.I wonder Chuck from Mile High comics is going to follow thru with his statement that he is sticking by Diamond and the same with MCS with the past, and Chuck said new books were one and done recently .. Fans in Canada could be out of luck. What is really happening here is corporate bottom line after the shut down of the Studios and movie theaters. Look for large cost cutting down the road.DC is going digital with new comics and for publishing only Graphic Novels thru Penguin is the eventual outcome here. Look for Marvel to adopt the same cost cutting further down the road. DC new comic books are gonna be harder to get, less collectors etc are the fallout. GA/SA prices for the long run will be affected negatively with the decrease of new hard copy published comic books and decreased new comic book collectors. We are knew it was coming, just not this soon. 2-Please support you local comic book shop, we had a shop here in La Mesa broken into and looted here is San Diego County. Now with distribution confusion and a whole host of other problems...please make it a point to shop there and not do the easy thing and buy it from Amazon. For example I just purchased the Vanguard's Fantastic paintings of Frazetta directly from the publisher and not Amazon. That book looks amazing, go on Vanguards facebook page and check out some of the pics. Every company needs our support now. 3-GAO ( government accounting office) says it will take about 10 years to fully recover, I do not buy that theory. I hope all of you are well, safe, and encouraged by the latest employment numbers and the calming of the country. We still have a lot to work thru but with the help of Cap, Bat and Superman plus our GA spirit we will.

Corrected ..Fantastic Four 1 and by the time issue 4 hit and 5 EVERYBODY was talking about it, it took 3 to 1 trade to get any early FF issues. I understand for good reason 1956 was a turning point, but not as great in my opinion as 1961/1962 that was the real beginning for me and a number of collectors.Sorry for the typo.

The GA/SA market is interconnected especially in the years 1956-1961 and there is some real debate where the silver age begins, I think it was FF1 and and not Showcase#4. I say that because as a collector who bought FFA off the stands, in fact 1-6..amoung all the kids, we knew it was something different, something great. The other reason market price conditions is when AF 15 cracked the 1 million dollar price which was a real price barrier between the two. I think you would agree one of the greatest GA comics of all time was Mad #1 Oct 1952...simply even today 1-23 are incredible. So what makes you 1955 argument is the end of EC comic book publishing and conversion to Mad. I do think Mad 24-30 are exceptional and you should not draw the line in the sand just by calendar year but more by content. The rebirth of the timely heroes for a bit also adds steam to your argument as Captain America #76-78 were May- Thru Sept 1954 and Sub Mariner 33-42 from April 1954-Oct 1955 as they were continuations of the GA comic book numbers. But there is interconnection between the markets and sharp downturn on one will spill over to another in some way. I agree that we might look at the size of the overall GA market differently. I am considering the entire GA comic book market, with the Blue Slabs leading the way. The reason is simple, they are the price leaders of our comic book world. Next on the line would be Conserved blue, Purple, and of course ungraded without and then with restoration. I think you are wise to buy lower grade readers in Fa-Vg condition as it will limit you potential loss, as well as the collectors who can afford those books will be in much greater numbers than some of the whale buyers or high condition buyers above 9.0. I find your comment interesting however by limiting GA comic book collecting to two different levels...I think there are many more levels in between the top and the bottom condition wise. If you asked me to predict where the softening of prices will begin it that will be easy. It will not be at the very bottom or at the very top..it will be in the middle, mid-grade or restored GA...especially books that are currently overpriced by Overstreet. Adventure Comics #60 at 6.0 or purple value wise are not gonna hold up once this recession/depression is in full force and effect. Where that leads, nobody knows are will are still in the dark about vaccines. civil unrest and trade wars. But these issues, especially when in combination with one anther have the potential to bring down all GA/SA prices and to what extent will be determined by length and deepness of this economic downturn. I just cannot agree that the lower priced lower conditioned books will increase in value, "regardless of future social or economic situations. The good news is if I am correct, by virtue of the lower price, you get the lower potential value decrease. I am a optimist in the long term for our GA/SA comic book world. If we hit bottom. say 18 months from now...I am predicting we will come back and hit prior price points 18 months later. 3 years and it's back to it slow upward trend of price stability, especially mid-grade GA books or restored GA comic books graded or ungraded. The ones hardest hit, if you can time the bottom will provide the greatest increase in value and stability once recovery is achieved.

Thank you for your opinion on the future of GA/SA comic books rising due to rich people getting richer. I respectfully disagree. Nothing goes up forever, not tulips bulbs, stocks, government or corporate bonds. I agree that ultra rich make money on the stock market by pumping it up and buying it back at the bottom which they create. That does however not necessary directly relate to the over to increased prices of the GA/SA comic book market. I agree that corporate raiders have in the past bought companies and broken them up and sold them piece by piece, with workers being laid off just for a profit however I do see any direct link to a bump or increase in GA/SA market prices just to diversify their portfolio. I agree that the government has constantly bailed out companies, the last time the banks in 2008. However the government has bailed out the entire economy in the Great Depression from 1929-1939...and I do not see a direct correlation of bailing out those companies and the increased price of Superman#1. You can see nothing but good times for GA comic books but this time is unique in our history. There is a very strong possibly of continued social unrest and a second wave of virus infections slowing down our attempted economic recovery. Our economy can only take so much stress before we begin to see the cracks In the very foundation of the economic world of the USA and Europe. Those cracks will have an effect on everybody and every company one way or another including the collectables market. I agree that results have been somewhat mixed but still some very strong but prices on top GA/OA on May 31,2020. Those prices are not what I am concerned about. It is 6 months, 12 months and 18 months that we as true long run comic book collectors need to be concerned about . We are still in the shock phase when we were hit with this curveball of social unrest. I do have to disagree with your assumption that the GA/SA comic book market is made up of only wealthy people whom get richer and then will influence prices in the GA/SA market. On the contrary, I would say 80% of all collectors are in the middle, some being collectors for 20/30/40 years. I think every GA/SA comic book collector buys with care today because of the price upswing of the last 10 years or so. I agree that scarcity is the Key. I am on board 100% with that. Scarcity will prevent a total collapse of the GA/SA market but under future conditions the economic reality will at some point become a major price factor in our Ga/SA market and the ability of collectors to purchase comic books based upon prior pricing history. Comic Books have been with us through the good times and bad...In 1938 Action # 1 astounded a depressed economy with Superman..and gave super hope that anything could be over come with Truth Justice and the American way. In March 1941, Cap #1 smashed the Jaw of the greatest mass murderer in history, before Peal Harbor, before we were at war, despite general feeling we wanted no part of WW2. In 1953 EC comics attacked racism head on with the story Judgement DAY and then reprinted it in violation of the comics code in 1955 in a attempt to defeat censorship.In 1971 Green Lantern-Green Arrow attacks the drug problem head on...there many many instances of comic books making a difference in our society. I do not believe, RBaumann02 that GA/SA comic books are for only the "wealthy people" to enjoy and price manipulate. No way that is our GA/SA comic book world. It is made up of true believers, artistic appreciation, and preservers for future generations to learn from. There is a lot of truth in our GA/SA comic book world, and you just have to look for it in the right place not in somebody's bigger bank account, but in the heart.

GA/SA comic book market update 5-30-2020 As I discussed above, the recovery from cover-19 would be complicated by unforeseen negative events. The length and power of this virus's effect on our economy as well as our GA/SA comic book world would be felt much stronger over time should additional problems surface during fight and recovery. I am sure every board member is appalled at the law enforcement treatment of African Americans everywhere when an incident like this happens. Violence against persons or businesses which had nothing to do with improper law enforcement is just as bad as the root of this problem. LA is on shutdown again or lockdown for the entire night in 9 minutes. We should pray and hope that no business and especially comic book stores fall victim to violence. It is gonna just make it even harder to survive or recover from this virus. There are billions of dollars worth or damage due to additional economic shutdowns as a result of this violence and lost jobs/businesses as a result on top of the damage to the economy by the virus shutdown which will compound and lengthen our road to recovery and stable GA/SA comic book prices. Where does that leave us GA/SA collectors. If you GA/SA comic book collection is not 100% secure, especially in violence prone areas, you had better take precautions to protect it and if you are a store owner, remove the most valuable items. We are just at the beginning of feeling the effects of this economic downturn, especially when unemployment benefits run out, and all stimulus checks are all cashed. This violence could be the tip of the iceberg. I would follow my buying and selling advice above, with one correction...SELL NOW in a New York minute . In buying during this period or violence and uncertainly I would be extra picky as we will need time, after these riots, to access the additional overall economic damage, job loss, and small business loss. So take that risk factor into account when making any current GA/SA comic book purchases and increase your expected hold time to recover a substantial amount of the money you just paid for your comic book. I hope and pray every board member and family remains safe during these disturbing, tragic and extremely difficult times. We need Superman and his values of Truth,Justice and the American way greater than ever before for ALL Americans.

WOW what a profit...it just makes you wonder if you own unpressed books with a almost a 20K price bump and I do not think it is good for our GA/SA comic book world in the long run.

exactly on those rankings

i will second that

Heads up: I saw on Vanguard's facebook page the printed copy preview of the "Fantastic Painting of Frazetta by J David Spurlock and the book looks fantastic. Now that is the way to do it. What I am surprised about is the price is only $39.99 for a large book. This is clearly one of the best buys coming to fandom at 10 1/2 by 14 1/2. The book is printed now and they are awaiting the slipcases.

The crash has already happened. The effects as a result take time to be fully absorbed into the economy. If. you think you have seen the last bankruptcy or business is going back to the way it was prior , think again. The toll of this has not hit us, we are still in the shock phase. The length of this downturn is going to be determined in part on either by a heard immunity or a vaccine. It is just gonna take time. Again its dominos and they take to to fall and fell the full force and effect of the blows. If you believe based on stock market price uptick that we are in the clear, unlike our GA/SA market, that gain can be gone in a flash. I wish to repeat one thing when it comes to equity markets like the stock and bond market, and I cannot take credit for my opinion, thank my hedge fund friend who is a heck of lot richer today than he was last year. The stock and bond market has not hit bottom, 18K was a false bottom. As the effect of the crash hit a bunch of different sectors at once, they will compound their effect and push this market down to the proper level of value given our prospects 12/18 months out from that date. My hedge fund friend is also concerned about inflation. He was surprised that it effects had hit so soon and that inflation rate has not taken into account this incredible government spending and printing binge. As he said, no free lunch..somebody is gonna have to pay for it down the road, and that means every tax payer in the US and the government will want to pay back in inflated dollars. You are a guessing a huge surge in commerce and I just hoping we get back to 50/75% of where we were in the beginning of the year. Yes people who get out will want to spend, I agree but only to a point and it will begin tightening as the economic reality sets in and compound economic issues hit our economy at the same time. We need to get more government money into the hands of small business like comic shop owners NOW, and the Federal Reserve chairman agrees, we need the government to create a work projects program NOW for the 20% of the workforce that will never get there job back and maybe we have a chance to make this a extreme recession rather than the increased length of a depression. That is a big if. Collectable prices will come down during a depression...everything will come down during a depression, nothing will be immune. That is why if you buy good GA/SA at the right price and time, this will be a incredible score for you collection. If you pay attention to this thread, you will be way ahead of the curve as to when that time will be, and it's coming. I will say this, what you Fifites consider to be a crash and what I might consider to be a crash could be two different things. I don't see choice GA/SA unrestored CGC graded 5.0 or above going for 10 cents on the dollar. But it could, second waves hit, or another issue such as a major trade war occurs go down 50%, especially on GA/SA books exceeding $2500 current market value or above. But even if the overall market holds and says only goes down only 25%, there will still opportunity to purchase GA/SA from people that have to sell to survive or help other family members, just think what dealers will pay during this crisis and I predict the longer we in it, the lower prices. E-Bay will be flooded. Yes CGC graded material might cost a bit more but that will pay dividends in the future where buyers will become more picky. When recovery does occur, watch for a grading rush of people who held back their books due to fiscal conservative spending. If you can afford it, grade your books NOW..not only for resale protection but help you determine what could be a significant upgrade of a book you now own. Getting beyond lockdown status does not mean we are going to back to a NFL Sunday game or SDCC convention with 70K and up crowds. I hope it does sooner rather than later. Just be careful of any major purchases unless you build in the right discount for future risk. That is all I am suggesting on future purchases to assure a healthy exit should there be a necessity to make one prior to full recovery. I think we as a collective board need to move forward in a positive light based in reality and look at the future as a incredible buying opportunity to make true comic book collections better and members stronger and more informed.

This would be a better characterization Sell what I do not collect or don't have? Sell what you do not consider to be essential to your collection including duplicates, sell your lower grade replaceable GA/SA and be prepared to repurchase those in higher grade/better paper quality in the next one to three years especially if you can go from purple or ungraded to blue and especially if there are any major defects such as staples quality, tape, detached cover or centerfold or pieces missing from the cover, and low condition spine. If you'd decide to purchase in the 3/6/12 months then be prepared for those values to decrease in the next three years and you should plan on holding those books for a 5 year period without having to place them back on the market for sale. BC you can only sell the stuff you own and collect with a game plan to get it back bigger and better for the same or decreased price. Especially if you purchase at the near bottom 90%. You just need to have priority over what you sell, and you sell the weakest part of your collection condition wise as you would have a better chance to obtain a equal or better conditioned copy at a substantially reduced price. I am not saying, sell your unique Action #1 at 9.8 here. I am saying even if the book is not one of those you should be to buy there will be plenty ofcomparable GA/SA Tmely or DC material in the market in better condition at a much cheaper price. Remember BC the GA/SA comic book market is always behind the equity markets at a much slower pace...meaning say in the one to three years when we hit a bottom..our bottom WIIL come after the beginning rebound of the equality markets after a acknowledgment by every tom, and harry that the stock/bond/government debt market hit bottom and is on the way up.If you have material in your collection you no longer collect, I would of assumed that in the last 60 days it should traded, sold or consigned if not what are waiting for....future market decline. Buy stuff what I have? Buy material you can make your GA/SA comic book collection to be much better. Whether its a higher upgraded or graded existing copy of a book you already have. But also make a list of what you do not own and need. If a book has been out of your price range...do not give up hope...if you are in the ballpark you might have the opportunity at the right time for the right price to get your ultimate prize of your collection. As far as buying goes...look what happened to our equity markets when people realized this virus is for real..it flash crashed down to 18K and that is a false bottom, this virus is here for a minimum of 18 months if we are extremely lucky.It is going to be the buying timing that is gonna be the key to getting the biggest bang for you buck and right now you wait unless it 10 cents on the dollar or it is a incredibly rare GA/SA book condition wise or overall availability. They are saying there are about 2000 comic books shops in North America before the virus, now we have to admit at 25% were on the edge prior to this crisis ...and that when the smoke clears it is gonna be 1000. We will see a dumping of comic existing stock, that makes the contraction of the 1990's look like Childs play. Board members you remember what happened before in the 90's but this it its different as circulation has gone down drastically since 1990's and this is a possible extinction event we are taking about depending on the length of this crisis . This is is gonna the greatest dump or all time. A smart long term buyer, should get a number of collectors together and create a fund, and buy those closing stores out at 10 cents on the dollar or less. you would have to have storage ability and transportation like Mycomicshop who is gonna be your biggest competitor in buying bulk. Chuck/Mile High will buy at probably 5 cents on the dollar. Now the key is to get there BEFORE those guys and cherry pick the 40's50's'60's and top grade early 70's material in a package deal. That would be you safest bet, if you have the balls to take a chance. On the collector indivuial side, don't just look at your local stores inventory especially IF the owner is a collector...approach him and give him the biggest possible want list and say...I have cash, and am willing to purchase in these very uncertain times. Comic book shops are going to have to evolve in order to survive the new world we are coming upon. Lets hope they do.

Traded up a long long time ago Knightsfold. Condition was not a big issue, early on, since the GA comic books were so rare, you just bought everything that crossed your path. I remember buying Action #5 and I think #6 from Terry Stroud / David Alexander at the first Berkley Con..in the 70's at the time condition did was not a major issue to me and I did not care about condition it was the book not the grade and then it hit me condition was everything....and there were certain rules even then...No tape, no rusty staples and especially bad paper condition...no sale no matter what the book was, for my collection unless resale to get more money to trade up and that was back Mid 70"s. I proceeded to trade up at point and never look back. On another note Doomsday Chuck or Mile High Comics latest newsletter is a classic. I just spent two hour on his facebook interview which can link directly thru the laster newsletter. Some great info on comic book history, buying, and and the doomsday future of comic book shops. Worthwhile and you always skip some the parts that do not interest you. One interesting point I had not considered was the economic health of ATT/Disney on the impact of future of DC/Marvel comic book publishing if that business becomes unprofitable or is marginal. I agree with him the future of comic book publishing is not within our comic book worlds control but the corporate mangers of those companies and their debt structure and ability to pay it. I also like the showdown with Chuck and Amazon as well as his take on Steve Geppi. There was a second interview I have not got a chance to see it. Interesting stuff

Classic piece cong

SHORT ANSWER: You should be doing both carefully. LONG ANSWER: SELL: You should sell asap prior to a greater future price decline any duplicates, books you no longer care about, any CGC restored or CGC low grade books, especially with tape, detached centerfolds, rusty staples and other condition defects. I would not buy any ungraded GA/SA comic book at this time, and if you do, limit that purchase to under $100 and be prepared for a drastic price drop so build it in the purchase price. ( 10 cents on the dollar or less). BUY: With the sales money you raised you should purchase upgraded GA/SA comic books either condition wise or book wise. I would limit my buying to CGC graded unrestored books with no significant defects. In other words TRADE UP. If you buy now, only do so for the books you intend to keep in your collection for at least the next fives years and make sure the price you pay is reflective of the uncertain future market conditions...a discount. Otherwise wait and hold on to the money and see where the market goes. TIMING: That is the real issue here to maximize you Ga/SA dollars. Look for very significant price reductions in GA/SA non- key but every expensive $2K and over comic books once the full effects of this economic downturn play out. You can wait and get more bang for buck, in 6 months, and even a bigger bank after one year. I would not target the absolute bottom of this upcoming Ga/SA comic book market as your initial buying point as most likely it would have passed before you and everyone else know about it. These discounts will be once in a lifetime so chose you targets carefully and don't just buy something because it is a "good deal" . Still to you GA/SA collecting plan...make you collection better. The timing issue is how long do you plan on keeping your newly bought Ga/SA comic books. The earlier you buy now, the longer you are gonna have to hold to break even on your purchase. Now an exception would be purchases of material at 50 cents or less on the dollar and even then we cannot predict how long and deep this economic crisis will last...my best guess is that the negative effects will last for years to come. I disagree with the Mile High Comic book newsletter than states we will never get back to where we were a few months ago. I think it is gonna take work and time,and hopefully a little bit of luck to put some type of possible plausible ending out there.I can only tell you what I and few other original comic books collectors from the 70's( who are not on the board ) are doing. We are getting together our wants lists and waiting for as long as it takes to get to the near bottom of this upcoming market. We do not care if it hits the absolute bottom...we just want to be there when's it at 90%. As a buyer you control when and what you buy, if you are seller, you had better take timing into account if you cannot hold the book thru this unknown time of downturn. I would consider a safe time a 5 year period. What you do not want to be caught is is 2 years down the road, 40/605 value decrease in GA/SA market value and you have to sell. Its simple, reevaluate your entire collection, place in one the books that you will never sell/at least for the next five years aside. Everything else is fair game. Make that super want list and get ready, it is gonna take awhile but it is gonna be worth the wait.

Interesting comments GermanFan. While we have no cure for this virus every county is weak...so adding a trade war just compounds its real effects that much more. Manufacturing jobs returning is gonna time and $$ and that in the long term is a solution for USA stability but the real issue is do we have the juice to do it during a contraction period. That is why we are in reality in a depression, its just 95% of the people do not accept it yet. I would say we would have to be extremely lucky and get that cure this year, even to have the same recovery time period of the 2008 financial crisis. The damage tested our banking system and tanked our real estate market, but that is nothing compared to a total shut-down we are still gong thru. The EU was in dire straits before this virus with Italy, Greece and dead in the water with overloaded debt. There is a real possibly that they will be the first to go bankrupt and then the domino's start falling with governments. At some point the EU was dead anyway....lets hope it can stay together thru this virus crisis or this depression can last even longer than anyone has considered. I agree 100% Ga prices will soften, so will other collectible with possible exception of "bulk" gold collectible coins. If GA prices, however have to wait till manufacturing jobs return...that is gonna be a very long time and I just cannot agree with that timeline of GA/SA price recovery as I think the decline will move slowly over unless another world event compounds our economic retraction even faster and deeper. I do not know if this marriage with China is over, but at least it is being reexamined more carefully now than it has in the past. I think because of this virus all nations are in this together. It would be nice to see America strong again but I think we just need to recover first. After that recovery, GA/SA prices will follow.

Good point Lou. However, if you had a early graded book say 2005/6 you could upgrade with the new pressing and other allowed restoration just like the A1 which I think went from 8.5 or 8.0 to 9.0 and over 3 million dollars. So at worst you could off-set the changes the CGC makes over the years with 2020 permissible upgrades.. Those changes are acceptable to me provided that it does not dilute the meaning of a blue label. I believe the more upfront CGC is with its grading standards, the more stable the GA/SA market can become. The ability to buy a GA/SA book by a flipper or grade pumper will be decreased by the fact we are entering a downward GA/SA comic book market for quite some time. So even if the flipper buys a 8.5 and make it a 9.0 the decrease in price over the time to steroid it and regrade it could make any potential profit go away. I do not believe any board member cannot deny we at just the very early start of a series of economic Domino's . People tend to deal only with the issue squarely in front them and do not look at chess moves down the line, Lou, but these flippers are gonna get the message eventually and hopefully leave our Ga/SA comic book world to the real collectors, who love GA books for what they are, not widgets. I think the word is out Lou, that government reports have concluded that the pandemic will last 18 months or longer and could include multiple waves of illness. The first immediate effect of this crisis has been 25% unemployment, this turn will cause a decrease in spending and defaults on payments . So, the second domino will be big and little Bankruptcies as result of this and we just beginning to see. That in turn will effect the stock and credit markets which will tighten and thus the third domino. Once the credit markets tighten, real estate prices will decline similar to 2008, state governments and pension plans are gonna take a hit and need BIG bailouts. So we are far from out this and it is going to be very interesting from here on out. If anybody does not think that GA/SA prices are not gonna to be part of the decline it seems reality will probably change their mind. The real issue before us is deep recession or depression The difference between the two is easy...a depression last longer...our last real depression lasted 10 years 1929-1939. This could greatly decrease purchases of GA/SA comic books for pure speculation or profit and thus diminish artificial demand and make out GA/SA prices more staple and real in terms of true comic book collector demand and value. But I believe Lou, that this could trickle down to the jack up grading which seems to be the rage, especially on high profile mega Ga/SA keys. The economic reward is not going to be as big in a overall long term declining Ga/SA comic book market. maybe sanity will come back to us. I do not doubt that in any Ga/SA purchase, upgrading it must be considered, but I believe that should be considered if you intent to hold the book long term, say 5 years or more given the present conditions. Your take?

I will second that, stay away.

GA/SA Comic book market update: 1- Doomsday Chuck 2-Federal Reserve warning 3-LA shutdown thru August and beyond. 1- Every board member should give a read to Mile High Comics latest new letter, dated MAY 11, Just click on website to latest newsletter. Chuck should renamed Mr. Doom after reading his analysis of the current comic book market and its future. I am not saying that Chuck is 100% wrong here, but wow if he right there will be significant comic book GA/SA market price reductions which at this point has nor been contemplated on this thread. First he makes the point that we are merely at that tip of the iceberg in terms of living the effects of this virus economically. He feels that a large number of comic book stores will go out or business, file for bankruptcy, exceeding 50% or more of the existing stores. That will in turn decrease the demand for new product such to the point it will be financially unsound to publish new comics books for any profit in the future. He indicated that new publishing market was at the "mature" stage on decline on demand and I agree we will never get to that level of circulation again. He believes that the existing comic book stores are Diamond Dependant for survival on new material to bring in customers and generate sales to support keeping open the stores. That he stores being dependent on a single distributor is a market weakness. New material for June will be vary scarce which will make it even more difficult for existing stores to survive. Without new material, future demand for all comic book related items will be impacted. Less stores, less collectors, less demand means over time a smaller comic book world for everyone. My take is this, he speaks some truth and he has been around for many years both as a collector and dealers. Now some of you can disagree with his price structure and I am one of them. But his opinion matters, this man is on the front lines and he has spoken, and we like E.F. Hutton need to listen. We do not have to agree, but we be looking at very foundational changes in very near future which will impact our Ga/SA comic book collector's future. Give it a read and let me know what your opinion is. It would be welcome and appreciated. 2-Federal Reserve warning, I can remember just before 2008 real estate crash, when Federal Reserve chairman Alan Greenspan said real estate was not sustainable in terms of price growth and everybody was saying don't listen to him. He was right. Everybody needs to read, understand, and listen to this Federal Reserve Chairman's warning today..the stock market did and declined over 500 points today. Bottom line, we need more money printed and given to business NOW especially comic book stores..or we suffer a long term economic depression/recession. This will impact future GA/SA prices for the next 5 years. We need to get this right. 3-LA shutdown and beyond: image you are a comic book store with no income for 3 more months...different rules in our country now, but man....when and if they fully reopen...please support them or contact them and attempt to buy some of their GA/SA with current market conditions taking into account. SO SO-CAL board members especially make it a point to try to get to the stores once they reopen fully. PS..Lou will respond to your post tomorrow.