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Post your Promise Collection wins!
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Started by GreatCaesarsGhost,

1,564 posts in this topic

Professor K

Professor K

Posted
Posted
On 11/19/2021 at 9:36 PM, Forbush-Man said:

Damn. I stink at posting pics. :cry:

Maybe you saved the pic from the auction page. I think you have to click on it again to make it BIG then save it. 

 

On 11/19/2021 at 8:10 PM, szav said:

Wonder what the story on that trimming is,

It is weird. I doubt anybody was trimming prior to 1951 when I believe this collection ended. Maybe Heritage had it trimmed for some reason.

On 11/19/2021 at 9:36 PM, Forbush-Man said:

 

 

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Professor K

Professor K

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On 11/19/2021 at 9:44 PM, szav said:

On closer look the right edge looks a bit wavy...I was thinking maybe the kid or someone else took scissors to it?

Yeah it does. So forget what I said about Heritage possibly having it trimmed. I didn't realize it's still an active auction until just now. Also Apparant? I thought they stopped using that term on the labels. I guess they still do if trimming is the only "restoration". 

 

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tth2

tth2

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On 11/20/2021 at 6:42 AM, jimbo_7071 said:

It will be interesting to see what Promise books are selling for in a couple of years, after the hype has died down. I suspect that sellers who try to cash out via the no-reserve-auction route will end up taking some hefty losses, but we'll see.

Similar comments have been made the entire time I've been collecting, just replace "Promise" with "Mile High", "White Mountain", "Pacific Coast", etc. etc. 

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jimbo_7071

jimbo_7071

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On 11/20/2021 at 2:48 AM, tth2 said:

Similar comments have been made the entire time I've been collecting, just replace "Promise" with "Mile High", "White Mountain", "Pacific Coast", etc. etc. 

Not quite. I've been collecting since the mid 80s, and I don't remember anything but awe when the Mile High books started to circulate amongst "regular" collectors. The  GA White Mountain books were praised as very fresh. People were surprised by the AF15 sale because it was a Silver-Age book. 

We have seen at least two pedigrees where some buyers took huge losses when they re-sold: Billy Wright and Vancouver. The market has since "caught up," but it took a while. Money would have been better spent elsewhere.

Besides, I very much doubt that you've seen another case where the criticism of a pedigree was rooted in how overgraded the books were.

Many people couldn't afford the Mile Highs, for instance, but there was universal acknowledgement that they were in a league of their own. The Promise books are not. You might think that they were if you looked at the grades, but at some point people will actually start to look at the books.

Edited by jimbo_7071
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Professor K

Professor K

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On 11/20/2021 at 8:03 AM, jimbo_7071 said:

Not quite. I've been collecting since the mid 80s, and I don't remember anything but awe when the Mile High books started to circulate amongst "regular" collectors. The  GA White Mountain books were praised as very fresh. People were surprised by the AF15 sale because it was a Silver-Age book. 

We have seen at least two pedigrees where some buyers took huge losses when they re-sold: Billy Wright and Vancouver. The market has since "caught up," but it took a while. Money would have been better spent elsewhere.

Besides, I very much doubt that you've seen another case where the criticism of a pedigree was rooted in how overgraded the books were.

Many people couldn't afford the Mile Highs, for instance, but there was universal acknowledgement that they were in a league of their own. The Promise books are not. You might think that they were if you looked at the grades, but at some point people will actually start to look at the books.

Well said, agreed. One thing the Promise has in its favor is the uber acceleration of prices that doesn't really seems to be slowing down much. But the best thing in their favor in an investment standpoint, in my opinion is that they are GA books. I realize this is not the revelation of the century but I think it's true. People like me (who aren't broke yet) as they finish their Silver/Bronze collections/wantlists are/will be looking to Golden Age books. What I'm saying is I believe GA comics have a very bright future, pedigree or not.:peace:

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tth2

tth2

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On 11/20/2021 at 9:03 PM, jimbo_7071 said:

We have seen at least two pedigrees where some buyers took huge losses when they re-sold: Billy Wright and Vancouver.

Which Vancouver books sold for a lot less the second time around?

I've had very good success with all of my Vancouvers when I sold them.

I also can't imagine seeing a Vancouver in person and saying it's not as good as it's cracked up to be.  I've owned a number and they are spectacular.

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Straw-Man

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On 11/20/2021 at 11:51 PM, tth2 said:

Which Vancouver books sold for a lot less the second time around?

I've had very good success with all of my Vancouvers when I sold them.

I also can't imagine seeing a Vancouver in person and saying it's not as good as it's cracked up to be.  I've owned a number and they are spectacular.

tim, how will i ever get rid of this boat anchor?

cmj2.jpg

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tth2

tth2

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On 11/21/2021 at 9:53 PM, Straw-Man said:

tim, how will i ever get rid of this boat anchor?

Better sell to me at a discount, given that the fate of all Vancouver owners is apparently to take a big haircut.

But for you, I'll require only a 10% price cut! 

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batman_fan

batman_fan

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I am a bit of a newbee to GA collecting given I started buying in the late 70s.  The only time I have seen prices go down on books is when someone paid top dollar and then tried to immediately flip it.  My experience has been there have been several price pauses where things in general level off before resuming their climb.

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lou_fine

lou_fine

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On 11/21/2021 at 9:02 AM, batman_fan said:

The only time I have seen prices go down on books is when someone paid top dollar and then tried to immediately flip it.

Try telling that to somebody like Jay Parrino who lost big time money on virtually all of his GA purchases even though he didn't tried to flip them immediately. :tonofbricks:

I guess the moral here is NOT to over pay for your books in the first place, which kind of makes me wonder how long some of the Promise Collection buyers will have to wait before they can get back to the breakeven level on some of their purchases.  :taptaptap:  :taptaptap:  

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batman_fan

batman_fan

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On 11/21/2021 at 2:36 PM, lou_fine said:

Try telling that to somebody like Jay Parrino who lost big time money on virtually all of his GA purchases even though he didn't tried to flip them immediately. :tonofbricks:

I guess the moral here is NOT to over pay for your books in the first place, which kind of makes me wonder how long some of the Promise Collection buyers will have to wait before they can get back to the breakeven level on some of their purchases.  :taptaptap:  :taptaptap:  

He paid way over top dollar and had he held them a few more years, he would be in the black in a big way.  Had he held til now he would be balling with Elon.

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tth2

tth2

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On 11/22/2021 at 5:36 AM, lou_fine said:

Try telling that to somebody like Jay Parrino who lost big time money on virtually all of his GA purchases even though he didn't tried to flip them immediately. :tonofbricks:

It was pretty close to immediately.

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Robot Man

Robot Man

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On 11/21/2021 at 1:36 PM, lou_fine said:

Try telling that to somebody like Jay Parrino who lost big time money on virtually all of his GA purchases even though he didn't tried to flip them immediately. :tonofbricks:

I guess the moral here is NOT to over pay for your books in the first place, which kind of makes me wonder how long some of the Promise Collection buyers will have to wait before they can get back to the breakeven level on some of their purchases.  :taptaptap:  :taptaptap:  

Seems like I almost always feel like I over pay lately. I have felt that way for years and they almost always caught up. Now, I just bend over and grit my teeth and enjoy the book for what it is, not what I paid for it.

The Promise books are another story though. Seems like every book in a Promise slab goes for insane money. Like has been said, pretty much anyone looking to them for investment is going to have to be around for the long haul or just love them more than I do. 

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jimbo_7071

jimbo_7071

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On 11/21/2021 at 12:51 AM, tth2 said:

Which Vancouver books sold for a lot less the second time around?

I've had very good success with all of my Vancouvers when I sold them.

I also can't imagine seeing a Vancouver in person and saying it's not as good as it's cracked up to be.  I've owned a number and they are spectacular.

Namora #1 comes to mind.

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