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Are prices still climbing or have they eased up a bit???
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Started by InfantTerrible,

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Sweet Lou 14

Sweet Lou 14

Posted
Posted
On 10/6/2021 at 10:05 PM, Dr. Dank said:

To be fair, those books are only going up. If he bought them when they were printed, he's definitely making money 

With the exception of Spider-Man #1 which has very little value, yes I agree ... if you bought a pile of these for cover price, then you're making money.  But there's no guarantee of that so I don't think we can assume that.  I look at that pile of 9.8 copies of NM #98 and wonder, how long would it take to liquidate?  You'd have a hard time getting the same price for your third copy as you got for your first ... much less the 10th or 20th.

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MetalPSI

MetalPSI

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Posted (edited)
On 10/6/2021 at 8:17 PM, Sweet Lou 14 said:

With the exception of Spider-Man #1 which has very little value, yes I agree ... if you bought a pile of these for cover price, then you're making money.  But there's no guarantee of that so I don't think we can assume that.  I look at that pile of 9.8 copies of NM #98 and wonder, how long would it take to liquidate?  You'd have a hard time getting the same price for your third copy as you got for your first ... much less the 10th or 20th.

Agreed. Not about the Spiderman 1 though, seen those go for 100 bucks at 9.8 lately

Edited by Dr. Dank
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Microchip

Microchip

Posted
Posted
On 10/7/2021 at 1:21 PM, Dr. Dank said:
On 10/7/2021 at 1:17 PM, Sweet Lou 14 said:

With the exception of Spider-Man #1 which has very little value, yes I agree ... if you bought a pile of these for cover price, then you're making money.  But there's no guarantee of that so I don't think we can assume that.  I look at that pile of 9.8 copies of NM #98 and wonder, how long would it take to liquidate?  You'd have a hard time getting the same price for your third copy as you got for your first ... much less the 10th or 20th.

Agreed. Not about the Spiderman 1 though, seen those go for 100 bucks at 9.8 lately

Add in time value, slabbing fee's, and any 9.6's or less are losses against the costs incurred for a decade or two.    

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Microchip

Microchip

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On 10/7/2021 at 12:21 PM, blazingbob said:
On 10/7/2021 at 11:30 AM, Microchip said:

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Expand  

I see you missed the "just in time" inventory management class.  

For you, this makes a lot of sense... and I wouldn't expect anything different.   For me, there's too many other books I'm missing out on, looking at these pictures.

I personally buy multiples to sell at a later date, to fund other purchasing.   Or like in the early CGC days, chasing a truly proper high grade copy, not one that technically made the grade.   

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Sweet Lou 14

Sweet Lou 14

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Posted
On 10/6/2021 at 10:21 PM, Dr. Dank said:

Agreed. Not about the Spiderman 1 though, seen those go for 100 bucks at 9.8 lately

I sincerely apologize for saying this, and I know I'm probably going to come across as a jerk even though it's absolutely not my intent ... but IMHO $100 for a 9.8 is pretty much "worthless."  Now, trust me, I do have a 9.8 copy for sentimental value, but I don't see it as having any real value as an investment.

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MetalPSI

MetalPSI

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On 10/6/2021 at 8:31 PM, Sweet Lou 14 said:

I sincerely apologize for saying this, and I know I'm probably going to come across as a jerk even though it's absolutely not my intent ... but IMHO $100 for a 9.8 is pretty much "worthless."  Now, trust me, I do have a 9.8 copy for sentimental value, but I don't see it as having any real value as an investment.

I actually agree, but as they say, the numbahs are da numbahs

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Vixom

Vixom

Posted
Posted
On 10/6/2021 at 10:17 PM, Sweet Lou 14 said:

With the exception of Spider-Man #1 which has very little value, yes I agree ... if you bought a pile of these for cover price, then you're making money.  But there's no guarantee of that so I don't think we can assume that.  I look at that pile of 9.8 copies of NM #98 and wonder, how long would it take to liquidate?  You'd have a hard time getting the same price for your third copy as you got for your first ... much less the 10th or 20th.

He could liquidate all of them in a month or 2 easily. Get top dollar for each one. He would have to auction them all off at the same time or something to lose money. For an investment strategy it's terrible but if that is how someone likes to collect then cool. 

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PKJ

PKJ

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Posted (edited)
On 10/6/2021 at 9:51 PM, Sweet Lou 14 said:

I honestly don't get it.  What is the point of hoarding this many copies of a single issue?  There is no realistic way to avoid a loss, much less get an actual return on that investment.

I kinda wonder how many of those pics are dealers.

 I think you will be surprised at what shows up for them to buy. About 8 years ago I had someone answer a Craigslist ad saying they had sealed cases of comics. Since I collect GI joe I was all over it and bought all the books, There were a min of 25 of most titles in this era, The Nam, GI joe, transformers etc. 200 copies of Gi joe 24 was the highest Count And I paid about 10% of cover price (probably less since I paid 400 for everything) since I bought them all. I could sell 2 copies of a couple of them in 9.8 and recover the initial investment. Now it would take forever to sell them all granted but margin wise a dealer could do well. I did send in a stack to cgc to start selling.If GI joe 24 is still selling for what it sells now in 9.8, one book will recover the initial investment. 

 

 

I also recall Rick selling over 100 copies of IH181 a year so supply for some books never hurt.

F20A27F7-77A4-4466-9B30-477632606599.jpeg

Edited by PKJ
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musicmeta

musicmeta

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On 10/6/2021 at 7:25 PM, Microchip said:

Don't forget people, there's folks out there waayyyyy more "collective" than you.    Be discerning, and picky about where you lay your money down.

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On pic of the ASM 252s.  Can I get a back scan of the one on the 3rd row, 14th copy from the left.  That one really looks nice.

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1Cool

1Cool

Posted
Posted
On 10/6/2021 at 8:25 PM, Microchip said:

Don't forget people, there's folks out there waayyyyy more "collective" than you.    Be discerning, and picky about where you lay your money down.

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Hey - that's my table in the Av Annual 10 picture.  I still have about 250 copies but they are slowly dwindling

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1Cool

1Cool

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On 10/6/2021 at 9:51 PM, Sweet Lou 14 said:

I honestly don't get it.  What is the point of hoarding this many copies of a single issue?  There is no realistic way to avoid a loss, much less get an actual return on that investment.

Some people just love a particular book and grab them every time they see a copy and it can quickly become a hoard.  I grab pretty much every higher grade Micronauts 1 I find in the wild that is less the $10 and I must have 60 copies at this point.  I've probably got $300 total invested and for some reason I just like the cover and it seems undervalued.  The 300 copies of Avengers Annual 10 was a bulk buy from local antique store that had the long box in his back room for the last couple decades.  He paid cover and I bought them for about $8 a piece so we both will do great on our investment.  Now if I get to Cal's level of obsessive buying then I will know I'm in trouble.

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1Cool

1Cool

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Posted
On 10/6/2021 at 10:31 PM, Sweet Lou 14 said:

I sincerely apologize for saying this, and I know I'm probably going to come across as a jerk even though it's absolutely not my intent ... but IMHO $100 for a 9.8 is pretty much "worthless."  Now, trust me, I do have a 9.8 copy for sentimental value, but I don't see it as having any real value as an investment.

Could you explain your reasoning a bit more since I'm not sure I get your point.  Are you saying $100 is not much money or getting $100 9.8s slabbed is a waste of time and money?

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