how much should I pay for a coverless Incredible Hulk #1 Update

[uchiha101]

How much would I expect to pay for a coverless copy of Hulk #1

 

it's complete

no restoration

no tape

no pen or pencil marks

 

only problem is a one inch tear through the spine

 

thoughts?

 

 

Can I ask you why you're focusing so much on low grade and incomplete books?.

 

I buy low grade and incomplete comics because it's what I can afford and sell them for a profit

 

But couldn't you spend that same money on nice copies of cheaper books? It's just a curious niche to be in.

 

The fact that a person collects things you don't sell does not mean they collect in a "niche."

 

You could say he's a niche collector (meaning he's outside the norm) if he said something such as "I like coverless books and that's all I buy."

"To me, the important thing is that it's coverless. Then I consider what the book itself is..." But he didn't say that, doesn't do that.

 

What the guy collects is the most affordable copies of books that he considers the most interesting and important. For example, a Hulk 1

 

You're saying that his first priority should be that the book is in high grade. Meaning he should forego a poor condition Hulk 1 if the same money can get him a 9.8 copy of Hulk 117 or World War Hulk something like that.

 

If the goal is to get books 9.8 or better, just because they are 9.8, then he can go to the local comics store and buy brand new issues of Hulk right off the shelf.

 

If the number on the label is the only reason, or even just the first reason, to collect a comic, then that's a "niche." And if you collect that way then it's foolish to pay more than cover price for a new book for anything, because 9.8s are available at that price.

 

 

Thanks for the bluechip and I agree one of the hardest lessons I learned while starting to sell comics is buying what I could afford

[uchiha101]

Context? He doesn't care about context, he just wants to continue spouting his same old B.S.

 

 

what me?

[uchiha101]

Here is the thing:

 

It appears the OP is fascinated with owning (if only a portion, temporarily) of a key book. That's cool.

 

If he employed some of the ideas presented here, he could buy an LG Hulk 1 outright with profits made in 6 months, but it seems a (risky) brief fling with a needy book is higher on his priority than longer term accumulation of great books.

 

To each his own I guess, but with only a grand to play with, I would be looking to fill my trunk with books I could sell for 5-25 a pop.

 

I am starting to repeat myself.

 

True right now I'm only buying to sell

[uchiha101]

The fact that this guy wanted a Hulk 1 in ANY condition and preferred it to later issues in better condition is not an anomaly. Most people out there will have the same view, which mean that -- barring overt suppression of the value by people who don't like the concept or feel it interferes with their business model -- the value of a coverless Hulk 1 will continue to rise at the same or better rate as complete later issues.

I can get behind that. But it sounds like uchiha is looking for a quick flip. I'd think a coverless Hulk #1 would not be a great candidate for a quick flip, unless he's picking it up at a ridiculous bargain price in the first place.

 

 

I don't know but I'll try

[uchiha101]

$500

 

Thanks for the info

[uchiha101]

How much would I expect to pay for a coverless copy of Hulk #1

 

it's complete

no restoration

no tape

no pen or pencil marks

 

only problem is a one inch tear through the spine

 

thoughts?

 

 

Can I ask you why you're focusing so much on low grade and incomplete books?.

 

 

 

I buy low grade and incomplete comics because it's what I can afford and sell them for a profit

J

But couldn't you spend that same money on nice copies of cheaper books? It's just a curious niche to be in.

 

I guess this is me belittling uchiha101 Calling being a specialist in flipping coverless and incomplete books a niche is belittling apparently

 

Just straight up truth,can't imagine making any money on a coverless Hulk #1at 1050.00.God forbid you give him good advice,and some see it as bullying. Crazy!

 

 

no it's not your giving me good advice but I'm curious what would be a good price for hulk #1? 500-750?

[ft88]

Flipping comics is harder than you think. And especially hard if buying from public places (like ebay or these boards). Doesn't mean it can't be done but its tough.

 

Hulk 1 is the hottest and a difficult book to find and to get one below FMV is basically a luck shot. To buy it at FMV and then hold it hopping in increases in value..... well, maybe. To marry it etc etc, - again, good luck.

 

In the end, a Hulk 1 at FMV is still pretty cool to own even if you're stuck with it and/or lose money.

 

But the easiest way to flip books is to buy in bulk and then break them out as singles. It's work and maybe not worth the time. But feel free to buy $500 worth of SA/BA and sell them for $1000 as singles.

 

Other ways to flip are to have a nice list of big boy buyers who don't want to buy online. You take the risk and skim your 10% (or more) on a $5000 book. Gator seems to do that pretty well and he also puts work into shows etc.

[revat]

Please please do not buy this book. I don't think you have a firm enough grasp of the market to be putting all your (limited) eggs into one coverless basket. If and when you sell, in order to get top dollar you need to have the book slabbed, (possibly a repro cover), and paying auction fees, you will not back a profit. If you love the comic and want to own it, great. If you want just flip it for profit, it will not be as easy as you think unless you're a super power seller already on ebay (I'm pretty sure you're not), or have a huge network of buyers already, or display at a lot of shows (also pretty sure you don't do these things), plus customs fees (+taxes) one or both ways since you live in Canada.

 

You said you've tried to sell cheaper books for profit, but have not been successful. Well I don't think that means you should hunt for bigger game and RISK even more money. It means you should take the time to do the proper research and gain more experience before moving up. That is, unless you're finding VERY obviously awesome deals (which you SHOULD recognize without asking). Buying a comic for $600 that you MIGHT be able to sell for $860 (subtract auction house fees and maybe taxes, and maybe translation fees), IS NOT A GOOD IDEA. The fact you were wondering if $1050 was even remotely reasonable for flipping indicates to me that you don't have a firm grasp of the market or the available market resources for pricing, or a strong business sense yet.

 

I don't say this to knock you down, but to encourage you to put in the time and effort if making consistent profit on comics is REALLY what you want to do.

[revat]

How much would I expect to pay for a coverless copy of Hulk #1

 

it's complete

no restoration

no tape

no pen or pencil marks

 

only problem is a one inch tear through the spine

 

thoughts?

 

 

Can I ask you why you're focusing so much on low grade and incomplete books?.

 

 

 

I buy low grade and incomplete comics because it's what I can afford and sell them for a profit

J

But couldn't you spend that same money on nice copies of cheaper books? It's just a curious niche to be in.

 

I guess this is me belittling uchiha101 Calling being a specialist in flipping coverless and incomplete books a niche is belittling apparently

 

Just straight up truth,can't imagine making any money on a coverless Hulk #1at 1050.00.God forbid you give him good advice,and some see it as bullying. Crazy!

 

 

no it's not your giving me good advice but I'm curious what would be a good price for hulk #1? 500-750?

 

I think if you find the right buyer, you could probably move it for between $600-$1000. But there's a lot of fees and risk involved with selling AND finding the right buyer. I think MOST dealers in THIS particular case would be looking to buy for $200-$300, unless they have a full network of ready buyers, in which case they are pretty sure they can move it quickly and can thus pay a bit more for it.

 

I think you're relatively young? maybe take a few business classes, or get a job at a comic shop or volunteer for a dealer? Just like with anything else, unless you have an overwhelming amount of intelligence and/or wealth, you gotta get the experience and do your own work.

[Point Five]

Please please do not buy this book. I don't think you have a firm enough grasp of the market to be putting all your (limited) eggs into one coverless basket. If and when you sell, in order to get top dollar you need to have the book slabbed, (possibly a repro cover), and paying auction fees, you will not back a profit. If you love the comic and want to own it, great. If you want just flip it for profit, it will not be as easy as you think unless you're a super power seller already on ebay (I'm pretty sure you're not), or have a huge network of buyers already, or display at a lot of shows (also pretty sure you don't do these things), plus customs fees (+taxes) one or both ways since you live in Canada.

 

You said you've tried to sell cheaper books for profit, but have not been successful. Well I don't think that means you should hunt for bigger game and RISK even more money. It means you should take the time to do the proper research and gain more experience before moving up. That is, unless you're finding VERY obviously awesome deals (which you SHOULD recognize without asking). Buying a comic for $600 that you MIGHT be able to sell for $860 (subtract auction house fees and maybe taxes, and maybe translation fees), IS NOT A GOOD IDEA. The fact you were wondering if $1050 was even remotely reasonable for flipping indicates to me that you don't have a firm grasp of the market or the available market resources for pricing, or a strong business sense yet.

 

I don't say this to knock you down, but to encourage you to put in the time and effort if making consistent profit on comics is REALLY what you want to do.

+1, well said.

 

 

[FlyingDonut]

For what its worth, I am kind of an expert on flipping coverless books - I move a lot of coverless, both Golden Age and Silver Age. A very good rule of thumb for coverless is to IGNORE GPA and look at the good old Overstreet - a nicely presenting coverless copy of a book should retail for 20-40% of Good. Less for beat up copies, and that 40% is for the hottest of the hot.

 

Hulk 1 currently Guides for $2400 in good, so figure retail of about $950 at the absolute top end, and that's if the book is really pretty. Making a repro cover will add no value to the sale.

 

If you looking for a flip to profit, I'm not sure if buying a coverless Hulk is the best thing you can do - there's not much juice from the squeeze and you have a very small universe to sell it to. Take your $500 and turn it into $2000 the Donut way - buy for a dollar and sell for five.