Rezin1234

My unlimited value submission arrived Monday, showed as received on the Cgc tracking number list Tuesday. 
 

today it showed up in my submission and ended the day at gei. I assume everything is closed tomorrow and I won’t see anymore updates until Tuesday? 
 

Not angry as it’s the holidays and everyone should have time off. Just wondering if I should bother refreshing my page tomorrow

On 9/13/2022 at 4:25 PM, LDarkseid1 said:

These things keep breaking records, and yet I can't sell my Action 1 page for a measly $13K. Nothing makes sense!!!

Which page?

On 4/23/2022 at 4:25 AM, Bird said:

Best to be sure, so why not ask the seller about shipping, generally you can have them shipped however you want if you are paying.

I agree that the absolute best scenario is to double check but I’d think comic sellers are aware that media mail is not an allowable shipping method under usps rules, not to mention the increased chance of damage to the item. 

So not trying to stir any pots just was curious whether media mail was acceptable as a shipping method if exact method of shipping is not noted in a sales post? 
 

I know there is always the risk of having your purchase shipped via media mail on eBay but I was curious to see if there was any rules around it on here since I’m pretty sure everyone is well aware of it not being technically allowed. 

On 4/14/2022 at 2:15 PM, ft88 said:

Captain Marvel 14 VG- $350

WWII cover

I’ll take it at 10% off 

On 2/17/2022 at 5:28 PM, kobra65 said:

Batman #40 CGC 1.5 OW/WH Pages- Price $350

I’ll take it 

On 8/31/2021 at 12:09 PM, byosti said:

Flash Comics #2 CGC 3.5

$4200

I’ll take per pm 

On 8/26/2021 at 4:22 AM, PKJ said:

That book did well, although there was not a glut of 9.8 enter the market during the high's. Certainly the highlight of the group.

I was reflecting on the other copies, the 9.6 as noted by Sweetlou.

The 9.0 at 9K against a high of $15k

The 8.5 at $7900 against a high of 12K

The 8.0 also at $7900 against a high of $10k

The 7.5 did seem to hold at $6750, still down from the 10K high

Same with the 7.0 held to current prices but $5800 against a high of 9k

The two that I did really notice were the 5.5 and the 5.0. The 5.5 went for $3900 with recent sales in the 5K range and the 5.0 at $3600 with recent sales above 5k.

That was more specifically what I noticed. That book was selling on Instagram and Facebook for higher than the GPA numbers in May-July.

 

While I agree prices have softened it seems as though books that had a meteoric rise have retreated a bit. Books that didn’t explode but saw nice gains from beginning of the year haven’t really had much of a drop if at all. 
 

also it seems as Bronze Age is where most of the pain presently is. 
 

lastly I think part of the problem with the 181s that closed were they were all? Or mostly all ow/w pages. At 9.0 or above a lot of buyers only want white pages. 

10 hours ago, Drummy said:

If I remember correctly, that 6.0 has far superior eye appeal to the 8.0 (cow)...looks like prices might be all over the map depending on how the book presents for the grade.

Ahhh now it makes sense. I didn’t look at the 8.0 price but did see the 6.0 and I was shocked at the hammer price. 

1 hour ago, Chazgee said:

They're swamped enough as is, I think it's to discourage hundreds of daily calls for grades.

Also, if something "unfortunate" happened to the book between grading and encapsulation, the book would need to be regraded. 

The way I see it, if you've already waited a few months, a few more days won't hurt.

Customer service doesn’t do any of the grading. They use to provide this service as of 2 weeks ago but they seemed to stop all of a sudden. 

Whether it hurts or not is irrelevant. I was asking if it happened to anyone else  

the way I see it they increased prices and yet are providing fewer services. 

Has anyone tried calling customer service when their books are at qc to be told they are no longer releasing grades until you can see it as shipped?

in the past once it’s been slabbed and at qc they would be willing to give me the grades. 

15 minutes ago, Aarrow108 said:

Thanks! 4 old-label books that I resent for grading (had not been pressed/cleaned). Hoping for the best, and not necessarily prepared for the worst :\

Nice. Can you let us know when yours get shipped. 
 

I got my fingers crossed for you. 

21 minutes ago, Aarrow108 said:

4 book Standard submission

- Delivered 3/26/2021
- "Received" 4/22/2021 (package sat for almost 4 weeks exactly)
- Scheduled for Grading 4/22/2021
- Grading/Quality Control 4/29/2021

I have a standard at sfg on April 23. I should be close then. 
 

good luck. 

42 minutes ago, Ian Winner said:

It’s a great book and probably the hardest of the Injustice Society books to get.(unless you count Salomon Grundy but he wasn’t a member). I wish I had been more aggressive for the one on ComicConnect(5.0) last year. Also, wish I had upgraded my All Star 37 to the 6.5 for $695 that was on the HA marketplace last year. Especially after seeing some recent prices. 

What have recent sales been? Sorry I haven’t followed the prices much. I grabbed my 4.0 for $1300. Hopefully I did well

Honestly I don’t complain about Cgc and I can understand their price increase even if I don’t like it. 
 

but this news release is beyond pathetic imo. To say the vast majority got their info in on time is ludicrous. How do they know how many didn’t? There are dozens and dozens of posts everywhere by different people saying they weren’t able to enter the info on time. 
 

Assuming the “vast majority” did in fact get them in, then what would be the net monetary loss by extending the online submission time by another week. 
 

since the so called “vast majority” got their info in then the website shouldn’t have any issues anymore and the last few stragglers will have a chance to get in as well. This would be viewed so positively and give tons of goodwill that people may actually not be as angry for the price increases. 
 

At least make factual statements Cgc instead of this. 

On 4/27/2021 at 2:19 PM, NEED MO DAKKA said:

Won an All-Star 37 last night at HA.  Been wanting this book for a few years now and kept losing every auction.  After losing the 8.5 by around $8K more than I anticipated losing by in the recent CC auction, I figured it was time to stop being a cheapskate and just fork over the money and buy whatever copy I can get. Happy with how this copy looks. Will sit nicely with my Vandal Savage hoard haha.

Oh man I love green lantern 10. I kept losing so many times I finally scored one last fall. 

1 hour ago, blackterror said:

Hey Peter - I appreciate your thoughts.  Let me clarify - I wasn't implying FF4 is unknown or a sleeper in the sense that nobody knew about it. 

Our topic here isn't "Books that are unknown or Diamonds in the rough" - it is "SA Comics That Are Heating Up" - and FF4 just heated up more than it has in the last two years and for that matter maybe ever.  In the past 7 days it doubled in price .... the book that sold on ebay doubled the previous record high ... it didn't go up 10 or 20 percent - it didn't go up 50 percent.  It went up 100%  And I don't think that price is an aberration - but quite possibly a bargain considering Namor is Marvel's first hero and first mutant. 

FF4 on gocollect has been moving up sure - but nothing like what just happened ... Gocollect still has the price of a 6.5 at $5700  - and I don't even see the ebay sale yet.   If this book hasn't been sleeping it has certaionly been resting comparatively to what it did this week ... 

2 years ago (730 days) - $4,400     1 year ago (365 days) - $4,700      6 months ago (180 days) - $5,250       30 days ago -  $7,000     and       Today -  $12,000

In the past two years the book went up in price $2600.   This week - just this week - it went up in price $5000

You may feel FF4 has been warm or hot or already popped  - but I am saying this week FF4 announced to the world - I'm heating up!

A week back marvel mystery comics 4, first cover appearance or namor in golden age sold at heritage auction for a huge amount. Well higher than everyone’s expectations. 
 

I think it’s triggering a run on namor stuff 

And just as an illustration here is an accredited investment fund that deals in investment level wine. 
 

https://www.sommeliercompany.com/investing-in-wine-investment-fund-asset-management-company

Is this happening in comics. Who knows. Usually these funds are for investors with deep pockets. But wine, artwork and many other collectibles are respected investment classes that have seen tremendous returns

all anyone knows is that far more money has been pouring into comics than out. Where the net increase is coming from is a guessing game at this time.  

19 minutes ago, pemart1966 said:

Money manager probably would have an issue with one of his clients investing in baseball cards and comics.  Especially when the client cashes in one of his manager's mutual funds and then cuts him out of a commission by buying from an auction house directly.  

I don’t think you quite grasp the way these funds work. The individual doesn’t own the actual asset. They own a percentage of everything in the fund. 
 

and yes as I said before the cards and comics were very limited to a select handful of them. Even before the craze of the last 2 years the prices of different collectibles have went up significantly. 
 

I never said they are out there buying an iron man 55 or ultimate fallout 4. Im saying they may be expanding the list of assets they are willing to look at. Just a guess on my part but historically that’s how these things go. 
 

and a Mickey mantle rookie card is quite liquid. You should see how many sell just on eBay each week. 

25 minutes ago, jimbo_7071 said:

Maybe in theory they could do that, but I've never heard of it. They don't care about collectibles. Their goal is high liquidity and low risk; comic books are the opposite. I don't think there's a money manager on the planet who's pushing comic books unless it's some guy who got his CFM certificate by mailing in Cheerios box tops and now works out of his parents' basement looking for clients on reddit.

I can guarantee you that there are funds available for these types of investments. I have clients who are invested in some of these. Mind you historically the bulk of the money has gone towards artwork but the funds are diversified into other collectibles. 
 

have you seen the returns on owning a Picasso and other works of art. Same with honus Wagner t card. 

42 minutes ago, jimbo_7071 said:

I've never heard of any money managers treating comic books as a serious investment. Some collectors do, but professional money managers are way more risk-averse than that. Comic books are still very volatile. I've seen high-grade pedigree books lose two-thirds of their value over just a few years—I've seen it many, many times. Take the Mile High Green Lanterns, for example.

I know that Bill Hughes and a few other guys have tried to push comic books as serious investments, but most people recognize the volatility. Mega keys were pretty safe for a long time (and probably still are), but most books are very, very risky as long-term investments.

Action comics 1 and books of that caliber are held as an investment class by many. Similar to the rare honus Wagner. These specific assets are held in similar regards as far as investing as buying a painting etc. 

there are some unique alternative investment portfolios out there that allow you to pay into assets like this. The question really is whether it’s remained limited to just the action comics 1 or expanded to say amazing fantasy 15, fantastic four 1 etc. 

baseball cards have expanded over the decades, for example portfolio managers do not have an issue with money being put into the purchase of say a Mickey mantle rookie card. 
 

As I stated money is looking for new places to grow. There is concern the stock market is too frothy and not a great place to invest in at the moment. Collectibles have gained steam. 
 

The fact of the matter is a money manager could buy every amazing fantasy 15 on the market tomorrow and it would be a rounding error as far as portfolio exposure. The quantity is just so limited. 

1 hour ago, Vince G said:

I posted this comment on a different thread but think it's relevant here:

------

My question has always been, where's the money coming from?  This has been driving me crazy for the past month or two but I think I partially answered my own question after doing some research.  I think part of what we're seeing is the 401k penalty-free withdrawal provision of the 2020 Cares Act.  I did not know this, but there is no penalty for withdrawing up to 100k, and you can spread the income taxes on the withdraw over three years.  Additionally, if you can pay the full amount you withdrew back, you can claim a refund on those taxes.  So, it could very well be that some are pulling money and splurging, particularly on collectibles, but others may be buying with the hope of reselling at a profit, before replacing their initial withdrawal.  Then again, maybe it's just all those investors who cashed out on Bitcoin and GameStop then decided to throw some money into comics?  

If you're interested in a short high-level blurb about the 401k provisions in the Cares Act, here's a link:  https://www.nerdwallet.com/article/investing/cashing-out-401k-covid-19 

-----

In addition, I've talked to a couple financial peeps I know and they tell me that some of their fellow brokers/portfolio managers are telling investors to put about 10% of their portfolios into collectibles as a hedge against the market.  Makes sense with the market at an all time high and 1% yields on bonds, that investors are looking for other places to make money (including digital currency).   Essentially, comics are now lumped into that alternative asset class of investments, which means speculation becomes part of the game.  Definitely a bummer in my mind, especially for me as one who collects for the love of the books, and as one who had hoped to procure a nice gold key or two that have been on my want list forever.

It’s a multitude of factors. Lots of money sloshing around. Stock market is at an all time high and people are looking for different outlets. It’s why almost every alternative investment is hot right now. 
 

comics have the added issue that you take the top 20 comics from silver age and it’s just not many total copies. Take the top 20 baseball cards from the 1950s-1960s and the total quantity is astronomically more. Therefore comics can have a much faster jump than cards which are also sky high but on a more gradual basis. 
 

add to that the fact that almost everyone selling a book is reinvesting it in other books and as a result money isn’t exiting the hobby even on sales. 
 

The one big question mark is whether or not comics outside of the epic grails like ac1 are being viewed as investment assets by money managers. If that is the case you could see money really flocking towards the second tier golden age but more notably the first tier silver age like ff1 asm1 etc. 

also some speculate people whose jobs weren’t effected typically are well off people and due to inability to go out have more disposable income for online shopping. If this is the case then a drop could come once the world opens up again. 
 

many unknowns. I think the biggest risk is that anyone who recently put money in comics are seeing 100% success rates and think it’s a sure thing a la housing back in the mid 2000s. If a drop starts to occur it could turn into a full on significant unwinding of all the profits of the last 6 months. 
 

tons of unknowns. Question really is what timetable are people putting money into comics? What’s their risk tolerance? If we knew this we could really say where this is headed.