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Mike Murdock

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Posts posted by Mike Murdock

    What would happen if a large quantity of a key issue were found?

    in Comics General

    Posted · Edited by Mike Murdock

    On 11/23/2023 at 1:57 AM, namisgr said:

    From a warehouse in Washington state in the days before CGC, with large multiples of several 1968 Marvel first and second issues, including for Submariner, Dr. Strange, Hulk, Captain America, Captain Marvel, Nick Fury, and Ironman/Submariner, plus the two Spectacular Spiderman magazines.  It had Iron Man #1 as well for sale in VF/NM, NM, and NM/M.  Most that I bought had white pages.

    I agree with the view that warehouse finds large enough to bloat the census for high grade copies have somewhat lowered book value owing to the large supply, but have not cratered prices.  The few that I know about were found before CGC existed, and so were slabbed and released to market slowly over time, which probably helped keep the market for them from tanking.  I suspect this is what Greggy probably does for selling as well, after he gets back yet another sweet CGC submission with 5-10 ultra high grade copies of the same issues.

    Ironman2cgc.thumb.jpg.3a43d05f1ef919a45f6c6f4224b476f4.jpg  SSM1cgc.thumb.jpg.1f719c6b54bd81344cde2a91df30d77c.jpg  DrS169cgc.jpg.3925592437fdf99880d79cf3728e19d6.jpg

    Did you buy these from World's Finest Comics and Collectibles?  I had several warehouse copies that I bought from them long since sold.  I don't think they had any problem selling out of these back then.

    Are prices still climbing or have they eased up a bit???

    in Comics General

    Posted · Edited by Mike Murdock

    On 10/15/2023 at 10:52 PM, Telegan said:

    If you mean when I said "interest", I meant "interest rates".  There is something to be said for collectible values and hype somewhat mirroring the economy.  I agree there's interest out there.  For the most part, I've seen a lot of interest shift out of SA and BA into GA comics (generally speaking) as the former 2 crater back to "normal".  I've also seen weird pops in popularity with BA Horror, for example.  I'm hoping GA doesn't crater eventually, too.  With eBay stuff, everything I look at is unreasonably priced in that people are asking for "last year's" prices.  There are some realistic prices here and there, though.  I usually just stick to auctions, for the most part, nowadays, but will peek into eBay every-so-often.

    My wife says I have been using 1990s pricing on some of my sales and she's not too far off.  The good news is that almost all of my duplicates are gone.  :cheers:

    Are prices still climbing or have they eased up a bit???

    in Comics General

    Posted · Edited by Mike Murdock

    On 10/15/2023 at 3:54 PM, Telegan said:

    I've been hearing lately that raws are the way to go because nobody wants to pay up for slabs, but then, it also depends on what and where you're looking for, too.  For example, in auctions for GA/PCH comics, I still see some really strong prices for both raw and slabbed, but I don't usually see raws going for more than slabbed unless it's some kind of desperation because it's a comic you just don't see come up for sale often.  The raw comic I mentioned that I recently bought was a fairly rare comic (less than 15 universal copies on the census) that I always liked but rarely see up for sale.  I had to bid up on it (or at least I think so) because I didn't know when I'd see it again.

    On the other side of the coin, I see SA and BA comics selling for crazy low prices here and there for slabs.  Just when I think the fall has stopped, they keep going lower.  I'm sure we're somewhere near a bottom (*shrug), but I'm going to let those go for a while before I jump back in.  I still got some really good deals a few months ago on some of them, but it's on a case-by-case basis with those.

    If you're forced to sell in this market, and you're not dealing in rare/high-demand comics, it's somewhat of a gamble.  I've seen comics go for $X and immediately go for $0.6X and then again for $X.  It's nutty and depends on who happens to be eyeing what you're selling, I guess.  I don't really sell, but this is what I've seen based upon watching some auctions on a monthly basis.  Hopefully things settle down in the next year, but hey ... interest/bond rates, inflation, yada yada.

    I've been selling duplicate silver and bronze from my collection.