W16227

a few more.....

VCC - teaser (or joke fodder - hey - it is my first VCC after all, )

Here is my stand at the Saugatuck, MI antique mall.

 

All books are $3, we'll see how it goes.

 

Every other comic in the mall is $8 and up, a lot of it is drek too.

 

Good luck! - love the rack

condition is rough on some of the silver - all are "read" not a big deal for me (I paid a "read book" price).

 

Anyone else curious what a "read book" price amounts to?

I have an idea what the seller wanted

i had been emailing this same guy also. he called me today but he never called me back.he then sent an email saying the books were sold.

 

i thought there was a ASM6 in the lot?

 

There was a King-Size #6 in the pics, I bet that's what he was referring to.

I think he had both on the list

Looking at the list - (the seller was pretty detailed) - he had dates as well -

king size 6 lines up with the production date in his list. There is also a "giant size" spidey 6 in there (and that is the one on the sheet he sent). I did not even look at the dates when running the list or I would have picked up on it - but given this was a typical

- for FC... - the Chicago based boardies know what I paid - so I do not mind people knowing - was under $2 a book. I usually average when recordkeeping - so say 2 a book for the ones that "matter" (marvel/dc) - the rest are probably ones to blow out as readers for .50/each. I have seen similar lots from "neat stuff" roll for 5/10 a book in bulk so I will more than break even on the ones I get rid of.

later and good luck to others

Dave

Well considering what those books went for at an auction I was at last week

 

You did good

 

Congrats!

Thanks to all for comments - it was a pretty easy decision to buy - condition hurts - but the price made it a really good value.

Was one of those times when you deal with a collector, He had a clue - but knew that it would be a pain to sell individually so he sold at a discount.

I have gotten really lucky with my CL finds. I like a lot of the off books in this one - many first appearances and first issues.

Crazy too that other boardies were after it as well.

i had been emailing this same guy also. he called me today but he never called me back.he then sent an email saying the books were sold.

 

i thought there was a ASM6 in the lot?

I was emailing this guy as well, Lake Forest IL, right? That ASM 121, looks like a piece of the cover is missing LLC or is the cover torn?

yea - that guy, -

no split on the ASM - a little blunted

i had been emailing this same guy also. he called me today but he never called me back.he then sent an email saying the books were sold.

 

i thought there was a ASM6 in the lot?

nope - he had one on the list but (according to him anyway, ) - he did not have it.

the condition is all over the place - but good enough.

The GSXmen - probably a 3 at best. The missing chunk of cover and a spine split hurt -but that one is a keeper for me so condition is not major league important.

The ASM 121- probbaly a 4/5 - that one I may get pressed/graded. There is a large crease across part of the cover - but it looks like CSS or others may be able to improve it,

Later

final one - more in there but this is the cream of the crop

the GSXmen ---- UGH - still REAL nice - but that missing piece of the cover is just a shame (it is in GREAT shape if not for that)

ok - more of the better items ... though the older ones quality falls off - that FF has some spine wear you cannot see .....

starting to get interesting now........

he had a LOT of the "giant size" books

Great score...love those Caps!

 

Peace,

 

Chip

building up a little too - more good stuff

about 640 books

~ 100 DC

~ 100 harvey/dell/gold key/archie/atlas (mostly bronze)

rest marvel

he had a stack of the old 7-11 marvel slurpee cups too - passed on those as I had no idea what they go for (and I only brought enough $$$ for the books).

more bronze......

OO was a huge cap fan

total is around 600 books

silver/bronze

condition is rough on some of the silver - all are "read" not a big deal for me (I paid a "read book" price).

anyone know how to dump the "~original" from photobucket links? - I hate having to delete that for my links to work

SO - lazy day = been playing email tag with a CL ad for a week - thought nothing would happen.,,,,,,

I, for one, think this is a great idea. This is the Chicago-style deep dish pizza thread, right?

 

(opens new browser window…clicks link to Comic Book Coin explanation…head explodes from sheer awesomeness of idea…no wait…sheer bizarreness of idea…then posts)

 

Oops…my bad. Wrong thread…

 

Great...now I'm craving Giordanos, thank you. It's only an eight hour drive

 

Jim

 

 

Don't worry…ended up making myself hungry, too.

 

Old Chicago Pizza

 

Yea no.... Chicago doesn't make pizza. They make Sauce Pie. It's gross. Please NEVER refer to that stuff as pizza.

 

THIS is pizza

 

Quoted for truth.

 

You people are all BEGGING for someone to start complaint threads about being off-topic.

 

 

 

(Yes, I'm poking fun at the OT police.)

 

Totally on topic, we are going to buy pizza with the millions of monies we make from this coin from an avengers book paying dividends. Pay attention!

 

Ohhhhhh...

 

I see.

 

Carry on!

 

But wait...does that mean that the flow of the conversation organically meandered into pizza, tangentially from the millions of monies of Avengers dividends....?

 

 

This OT stuff is very confusing. Now I'm terrified.

 

PIZZA COINS!!!!

Friday or bust!

 

I know nothing about crypto beyond an article I read a year ago that basically said I'd need to devote a spare bedroom to coolants for my computers if I wanted to try to be a player in the bitcoin mining game.

 

But my 10 second Google search of "asset-backed crypto" yielded this:

 

http://voin.co/beware-the-asset-backed-cryptocurrency-tidal-wave/

 

And the top hit for "bitcoin" right now:

 

http://dealbook.nytimes.com/2015/01/13/as-bitcoins-price-slides-signs-of-a-squeeze/?_r=0

 

If Bitcoin's plummeting, won't Ripple (the underlying value backing the CBC) be falling as well?

 

My understanding is that CBC are purchased with Ripple. It's just an intermediate. Ripple price changes wouldn't matter, assuming they aren't sitting on their Ripple.

 

And yeah Bitcoin has been boringly and reliably downhill for a while now. Ooh just checked and it's gone below $200 now. Ouch.

mmmmmmmm ripple

When you are trying to get people to give you money, you will always be as smooth a talker as possible and have an answer for everything.

Look, I understand, many of you dislike this idea and only time will discover if you are correct in your assessment. But, to think that the SEC is going to start some huge crackdown on a coin worth $5,000 is just ludicrous and hyperbolic.

 

At $5,000, it's not going to be worth their time to investigate you. But, it does put a fairly low cap on how big this can get without attracting the attention of the authorities.

but issuing dividends without a 1099-DIV will get you noticed

Look, I understand, many of you dislike this idea and only time will discover if you are correct in your assessment. But, to think that the SEC is going to start some huge crackdown on a coin worth $5,000 is just ludicrous and hyperbolic.

 

At $5,000, it's not going to be worth their time to investigate you. But, it does put a fairly low cap on how big this can get without attracting the attention of the authorities.

Law takes time to catch up with technology - which is why the regulation of the phantom currency exchanges is not in place. It may be self regulating here - as more bitcoin hacks will happen - and the severity of which will potentially kill ALL of the market.

Napster was more of a direct legal infringement- yet they did not disappear overnight.

The concept you have been pushing - will have a brick and mortar establishment in the united states where the books are stored/displayed. Not only does this place this business solidly within a greater set of jurisdiction and regulatory laws, you now have more individual exposure - not just the "government" coming after you.

All it takes is ONE person that has a legitimate fraud claim or price fixing situation where they can prove mixed/manipulated/false valuations of comics used to entice your investors. Now you are in a world of hurt and ALL of the stores assets could be seized,. Even if the litigation was unsuccessful - does the owner of the store have the ability to stay in business with a temporary the loss of their stock (hint - lawsuits take TIME) ?

good luck with the imaginary money grab

1. Design a half arsed graphic of a coin

2. set up a retro website

3. convince some nerds to buy your comic coin

4. profit!

I wonder if the thread will make it to Friday.........

just hope you looked into the legal issues - I would actually REALLY question any comics book store trying to say book a is worth XXX based on CPG.,,,, not even as part of a call for people to invest......

 

They can call this a coin or a cryptocurrency, but they're soliciting investors, investing in comics, issuing dividends, engaging in buybacks - it's an investment company as far as the SEC is concerned. I hope they have consulted a good securities lawyer because this looks flat-out illegal without complying with all the regulations in place.

 

Oh, and any dividends are absolutely going to be taxable in the eyes of the IRS.

this.....

oh - and you should make sure to inform the comic shop that will be holding on to the books that they may be at significant risk. If the SEC, FTC, IRS or any of the regulatory agencies take a hard look at this - the store can/will get raided and ANY stock confiscated and potentially sold.

Hope you guys formed an LLC as well - or bye bye to those personal assets. Cuz if that one guy from China shows up with 50% of the coins and demands to take half of the books and is refused....... you are now in the fraud playground.

just hope you looked into the legal issues - I would actually REALLY question any comics book store trying to say book a is worth XXX based on CPG.,,,, not even as part of a call for people to invest......

 

They can call this a coin or a cryptocurrency, but they're soliciting investors, investing in comics, issuing dividends, engaging in buybacks - it's an investment company as far as the SEC is concerned. I hope you have consulted a good securities lawyer because this looks flat-out illegal without complying with all the regulations in place.

 

Oh, and any dividends are absolutely going to be taxable in the eyes of the IRS.

+1

 

Interesting concept.

 

Can you please provide details of this investment fund with transferable units (the coins).

 

I would like to see your fund manager licence, past performance, details of how the funds assets are segregated and that you have been in compliance with all rules when establishing this fund.

 

Do you have a prospectus? How do you ensure that the coins are not sold to the public without the full regulatory exposure required?

 

Also - who is the insurance carrier guaranteeing the integrity of the so called "wallet" - you know, those vaporware phantom entities that HACKERS EXPLOIT? (go and read how many bitcoin hacks there have been)..... -

 

 

 

 

but if you do not show actual asset value - then ?

 

GPA= based on actual sales. CPG = based on something that they do not disclose and are very cryptic about describing - and from a CGC standpoint - are totally invalidated by the actual sales.

 

Hint - if you get a bunch of people to buy in based on the stated asset value listed on your website - which you have admitted here has an incorrect value after people pointed out one of your cost justifications was based on a SIGNATURE SERIES books.......

 

just hope you looked into the legal issues - I would actyally REALLY question any comics book store trying to say book a is worth XXX based on CPG.,,,, not even as part of a call for people to invest......

 

 

 

Oh, I see what you are saying. Yes, that is a good point, but I just don't completely agree.

 

And I never "admitted" that I based anything regarding "cost justifications" based on SS books. I just said that I apologized for too quickly looking up an EBay sale. I have been very busy and I just stopped on the first one I saw. But, that has nothing to do with what's on my website.

 

Anyway, Avengers Annual #7 is irrelevant in that I wanted to pick some book to begin and that seemed like a fun, relatively easily obtainable comic. But, more importantly, the coin isn't even released yet, so its value means nothing. Had I known it was going to cause such an uproar (well, an uproar here), I would never have picked it. Look, I saw the auction that is being referred to an it was a "bad" one in that it was out of the norm. Now, maybe future sales will be closer to that price in the future, but I doubt it. GPA has flaws too.

 

And, its biggest flaw is its volatility. When there are comics that are relatively rare (or at least in certain grades) one sale can change the "average" price dramatically. I realize that in your view (and most others here), that last sale is the most important data point -- and it can be!. But, a strong argument can be made that in rarer comics that may only have a few sales a year, the last data point is not that relevant to how much the next guy can get for his copy in the same grade. We all know that is true. It is the nature of the game including at auctions. Comics price guide can be off, but they do lower and raise prices to reflect current conditions. And furthermore, they are very close to GPA on most comics -- I know because I looked.

 

Finally, and most importantly, we will change from Comics Price Guide if they prove to be too optimistic. No one is trying to fool anyone here. The comics are going to be listed as acquired and displayed at a comic book shop open to the public. Getting the most accurate prices is in the best interest of everyone including CBC.

 

 

am I the only one who is confused?

 

 

 

 

Actually the last real world sale was $410 for one grade below the one we own just a couple of weeks ago on EBay. We have confidence in Comics Price Guide, but they do lag sometimes in particular hot and cold books. But, that is not the reason we chose them.

 

 

the book that sold on ebay - was a signature series book.

 

You quoted this as fact - to justify the valuation that you listed on the web site - and as a reference for justifying CPG as a price reference.

 

All the talk of backing this phantom security with assets - and paying dividends - again, might want to check with a lawyer. Seems like you are offering stock in a company and not filing with the SEC. Either that - or you are creating your own currently WITH ASSET BASED BACKING - that may or may not have real issues with the initial quoted values of said assets.

 

You can use the whole "comic books pricing is volatile" excuse all you want- but when proven wrong quite directly about the valuation on on the initial "comic" ........... you have documented issues that may cause you legal issues.

 

 

I suppose you will do ok here - as long as you promise not to decoupage.