TMNT #1 Club 19 19

[Ryan.]

1 minute ago, valiantman said:

I was amazed how many years in a row you could get up to a 9.0 for less than $9,000, and 8.0 was closer to $6,500.  Those were complete bargains when 5.0 was already close to $5,000.

What do you have a 5.0 valued at? 

[valiantman]

1 minute ago, Ryan. said:

3 minutes ago, valiantman said:

I was amazed how many years in a row you could get up to a 9.0 for less than $9,000, and 8.0 was closer to $6,500.  Those were complete bargains when 5.0 was already close to $5,000.

What do you have a 5.0 valued at? 

Hmmm... I was going from memory and it wasn't what I thought. 

In 2014, a 5.0 sold for $2,700 and a 9.0 for $3,884 - two days apart. 

That was what I was remembering.

[Ryan.]

But what do you have a 5.0 valued at today, in your opinion? 

[Sauce Dog]

30 minutes ago, Ryan. said:

What do you have a 5.0 valued at? 

$5k right now, which is in line with offers I have received over the past 3 months (the highest being $4,800us). I feel strongly it will hit the prior 6.0 numbers easily and there isn't any reason to sell it for any GPA prices, especially if several months old.

[Subby1938]

I bought my 9.0 first print two years ago 5K from Metropolis . I traded it away I’m regretting it everyday . No way I could get that now under 10!

[Ryan.]

1 hour ago, Sauce Dog said:

$5k right now, which is in line with offers I have received over the past 3 months (the highest being $4,800us). I feel strongly it will hit the prior 6.0 numbers easily and there isn't any reason to sell it for any GPA prices, especially if several months old.

Oh cool you have a 5.0? 

[Sauce Dog]

18 minutes ago, Ryan. said:

Oh cool you have a 5.0? 

Yuppers. Somewhere in this massive club thread it's posted

[ghn999]

I wouldn't sell that 5.0. It been going up 5 to 7 percent every year. It a good investment for your kids next generation! I have 6 of them!!!!!

[valiantman]

9 hours ago, Ryan. said:

But what do you have a 5.0 valued at today, in your opinion? 

Anything under $5K will be a bargain long term.  I don't think it will take long for TMNT #1 first printing to go from $1,000 per point to $2,000 per point.

[GM8]

Well this is news. I just saw that a site called Rally Road rallyrd.com purchased the recent Comic Connect 9.8 (CGC 119928001) that sold for $59K and has distributed shares via its app platform to "investors" apparently @ an initial offering of $65/share of 1,000 shares total. Yes, that values the book at $65K. There were apparently 143 of these initial investors, who purchased about $450 total each.

 

Here's the link via my app, you will need to create an account to see it I believe. There's other comics there to invest in as well. But this certainly brings comic investing / high value comics to a different level....likely higher prices is the end game in my opinion.

 

https://app.rallyrd.com/app/assets/comics-literature/TMNT1

[WolverineX]

1 hour ago, GM8 said:

Well this is news. I just saw that a site called Rally Road rallyrd.com purchased the recent Comic Connect 9.8 (CGC 119928001) that sold for $59K and has distributed shares via its app platform to "investors" apparently @ an initial offering of $65/share of 1,000 shares total. Yes, that values the book at $65K. There were apparently 143 of these initial investors, who purchased about $450 total each.

 

Here's the link via my app, you will need to create an account to see it I believe. There's other comics there to invest in as well. But this certainly brings comic investing / high value comics to a different level....likely higher prices is the end game in my opinion.

 

https://app.rallyrd.com/app/assets/comics-literature/TMNT1

What is going on in this world....

[Subby1938]

That will price people out almost certainly moving forward not only that but for relatively small investment these guys could buy any big book they want and keep massing them . I think my thoughts were right when I started getting out of this slowly . Anything that involves money , big money will always attract bigger and wealthier fish. 
 

This hobby is lost and due for a crash. If the collectors are unable to buy books and these groups are starting to hoard  them at what point does it all crash? It can only increase in value if it’s accessible somehow to smaller players that drive price and demand up . Once they get absorbed into these “ investment groups “ bye bye . They are in it for long haul to cash out like mutual fund at maturity . 

Sickens me 

[lou_fine]

2 hours ago, GM8 said:

Well this is news. I just saw that a site called Rally Road rallyrd.com purchased the recent Comic Connect 9.8 (CGC 119928001) that sold for $59K and has distributed shares via its app platform to "investors" apparently @ an initial offering of $65/share of 1,000 shares total. Yes, that values the book at $65K. There were apparently 143 of these initial investors, who purchased about $450 total each.

 

Well, I believe this kind of idea has been attempted on more than one occasion in the past, as per a post I just made on the GA boards here:

11 minutes ago, lou_fine said:

Yes, didn't we have Greg Buls or whoever it was tried something similar in the early to mid-90's in terms of attempting to set up some type of "mutual fund" for speculators to buy into all of the latest red hot books that were due to hit the shelves of the LCS's that week?    

Well, I believe we all know the eventual result of an idea like that.  

 

[Sanj Mitra]

Raising money from public....I wonder if there are consumer protection or securities laws which need to be complied with?...

[GM8]

7 hours ago, Sanj Mitra said:

Raising money from public....I wonder if there are consumer protection or securities laws which need to be complied with?...

There is a larger topic in comics general where they're discussing all the details but essentially someone pointed out this looks legit on the face of it, FINRA registration and everything.

[GM8]

I've never seen this copy listed or sold before, special discount price of $100,000! New 9.8 listing on ebay from a seller I'm unfamiliar with "redhoodcomics". Anyone know anything about them? They're in Las Vegas it appears.

 

https://www.ebay.com/itm/TEENAGE-MUTANT-NINJA-TURTLES-1984-First-Printing-1-CGC-9-8-NM-MT-SIGNED/224094283871?hash=item342d0f685f:g:o2UAAOSw9INfHQs-

 

A side note: this makes 15 unique CGC 9.8's that I have in my sales/listings database going back to 2006 with the first sale I have record of in 2011. So out of 28 officially graded books, a little over half have been listed and/or changed hands since then.  The other 13 are in collector's hands and have been off the market for at least the public.

Edited July 26, 2020 by GM8

[october]

Not sure I have shown mine. Bought it a few years ago from the original owner. 

[manetteska]

1 hour ago, GM8 said:

I've never seen this copy listed or sold before, special discount price of $100,000! New 9.8 listing on ebay from a seller I'm unfamiliar with "redhoodcomics". Anyone know anything about them? They're in Las Vegas it appears.

 

https://www.ebay.com/itm/TEENAGE-MUTANT-NINJA-TURTLES-1984-First-Printing-1-CGC-9-8-NM-MT-SIGNED/224094283871?hash=item342d0f685f:g:o2UAAOSw9INfHQs-

He’s an .... interesting guy ; some people like him very much. Used to work for Torpedo then went out on his own. 

[Subby1938]

That price is a joke !

[DTM700]

2 hours ago, Subby1938 said:

That price is a joke !

I honestly believe in 3-5 years $100k will be the norm for first print 9.8's. The low census coupled with the IP popularity and pop culture make it an absolute no brainer. I truly believe this is the copper age version of AF15 or Tec 27.

EDIT: Currently a 7.5 is at $9.1k with 11 days to go on ComicLink. 

 

 

Edited July 27, 2020 by DTM700