Really? Did CGC just jump the shark? 7 7

[THE_BEYONDER]

On 3/18/2022 at 8:43 PM, Readcomix said:

So if I submit the issue number from any comic will they slab it? Thinking maybe the 31 from Marvel Premiere 31…1st Woodgod 

[Krydel4]

I have a question. Never having held an Action 1 in my hands or examined one. How would one be able to tell that this was legitimate from 1938 and not from one of the first reprints? Does it overlap with something on the back cover? 

[media_junkie]

On 3/18/2022 at 5:11 PM, THE_BEYONDER said:

See, I look at this, and the fact that they are grading "invisible comics", and that people are buying this stuff and I just have to think that a crash is coming.  I mean this makes no sense to me at all.  Yes I have to ask why would CGC cert that, but more importantly who in their right mind would pay $7100 for it?

[THE_BEYONDER]

On 3/19/2022 at 5:58 PM, media_junkie said:

See, I look at this, and the fact that they are grading "invisible comics", and that people are buying this stuff and I just have to think that a crash is coming.  I mean this makes no sense to me at all.  Yes I have to ask why would CGC cert that, but more importantly who in their right mind would pay $7100 for it?

$7101

[Randall Dowling]

On 3/19/2022 at 4:19 PM, Krydel4 said:

I have a question. Never having held an Action 1 in my hands or examined one. How would one be able to tell that this was legitimate from 1938 and not from one of the first reprints? Does it overlap with something on the back cover? 

It's because it's in a blue label that you know it's legitimate.  CGC verified it.  

[MAR1979]

Imagine if CBCS had done this then bragged about it on their websites homepage

Edited March 21, 2022 by MAR1979

[Krydel4]

On 3/19/2022 at 3:52 PM, Randall Dowling said:

It's because it's in a blue label that you know it's legitimate.  CGC verified it.  

I feel there needs to be some sort of COA that comes with this detailing the story behid it. Kind of like how there should be before and after pics accompanying Extensively Restored books.

[MAR1979]

CGC is also giving Blue Labels to previews pages ripped out of 1980's DC Books. Like "Master of Universe" preview.  Those are more than 50% incomplete + coverless books and should NOT receive a grade nor a Blue Label!

Books	CGC Label	CGC Total	Avg. Grade	10	9.9	9.8	9.6	9.4	9.2	9.0	8.5	8.0	7.5	7.0	6.5	6.0	5.5	5.0	4.5	4.0	3.5	3.0	2.5	2.0	1.8	1.5	1.0	0.5
Masters of the Universe Promotional Supplement nn (11/82, D.C. Comics)             "Fate is the Killer". Distributed as promotional insert in DC Comics from 1982	Universal	266	9.76			242	9	8	4	2	1

It was not an insert it was part of the book even if from a non story perspective.  The only way to remove it woudl be to rip away the rest of the book.  Thus it's an incomplete book by CGC very definition how can it get a Blue Label?  https://www.cgccomics.com/grading/labels/

No Grade

NG – This label stands for "No Grade" and is assigned to comics that are either missing the entire cover, or one half or more of the interior pages, or both. It may also be assigned to comics that are only being verified as authentic, per CGC's discretion.

Here is an example of the complete book with cover blurb. (CPV variant BTW although CGC failed to note that even though I filled out submission form correctly)

 

Is this what the future hobby will be; chopping up comics like stolen car's and selling them for parts all with CGC's blessing?

 

Edited March 20, 2022 by MAR1979

[theCapraAegagrus]

How the Hel did they even authenticate this...?

[BEAUMONTS]

On 3/19/2022 at 3:58 PM, media_junkie said:

See, I look at this, and the fact that they are grading "invisible comics", and that people are buying this stuff and I just have to think that a crash is coming.  I mean this makes no sense to me at all.  Yes I have to ask why would CGC cert that, but more importantly who in their right mind would pay $7100 for it?

This might be a "heritage" type sale where "if" it was a actual bonafide sale.  It might be that they are setting the bar for other future sales of pieces of books to "normalize" the cannibalization of future key's.  CGC has lost there way and basically is now McDonalds with out the service and efficiency.

[gadzukes]

On 3/19/2022 at 7:49 PM, Krydel4 said:

I feel there needs to be some sort of COA that comes with this detailing the story behid it. Kind of like how there should be before and after pics accompanying Extensively Restored books.

This definitely belonged to a boardie.  As I recall it might have been from a scrap book where there were cut-outs of the first 5 to 10 Action comics pasted onto pages.  In fact, I think the numbers 2 - 10 might have been clipped in the same way as this "#1".  

Personally, I don't mind this at all.  It IS a piece of Action 1 so it certainly has value.  It's recognizable, unlike the brittle newsprint pieces that were offered up and sold.

I think it was silly to slab it into a full size Comic slab.  Perhaps slabbing it into a "collectible card" slab would have been more appropriate.

[gadzukes]

When I saw the boardie post that he had slabbed the little "#1" piece from Action 1 many months ago it made me remember that I had some small pieces left over from resto projects from over a decade ago.  I had put the little pieces from Hulk 1, Spidey 1, and AF 15 into 3 separate envelopes.

I decided to sell them on ebay (it was kind of a joke, and yet.... I knew they would sell).  They did WAY better than I thought they would.

The Hulk 1 pieces sold for $21 with 6 different bidders

The Spidey 1 pieces sold for $57 with 7 different bidders

The AF 15 pieces sold for $65 with 6 different bidders

All the buyer were extremely happy. 

I would have never slabbed these, but it was fun to see that they generated interest (and making $143 on the 3 auctions was jawdropping to me)

[Phill the Governor]

The only reason we're talking about this is because of the sale price. If this piece went for $800 it wouldn't have broken the news.

Edited March 21, 2022 by Phill the Governor

[Gaard]

On 3/21/2022 at 9:52 AM, gadzukes said:

It IS a piece of Action 1 so it certainly has value. 

You're absolutely certain of this?

[gadzukes]

On 3/21/2022 at 10:37 AM, Gaard said:

You're absolutely certain of this?

My "experience" in the hobby tells me yes.  Can I be 100% certain without examining the piece, no. 

Here's where the "1" came from.

My experience in the hobby tells me that these are all authentic original pieces cut out from original copies and pasted onto the contruction paper.  If they aren't, it's a most ingenious ruse that's fooled a lot of people including CGC.

Throw these covers on a "Light Table" so you can see thru to the backsides of the pieces, and I'll wager you'll be able to see the advertisements printed on the inside covers.

The clipped numbers in the corners appear to be from Action 1, Action 2, Action 3, Action 4, & Action 5.  The background color behind the numbers matches the first 5 issues colors of Action comics.  In the original Heritage listing they neglected to mention that about the numbers.

Edited March 21, 2022 by gadzukes

[gadzukes]

On 3/21/2022 at 10:56 AM, The Velcronomicon said:

 Bleeding Cool says this:

"How did this come about?  According to the consignor, this item originated as part of this "Superman Homemade Golden Age Stories Bound Volumes" set sold at Heritage Auctions in 2013.  As can be seen at that auction listing, some collector, presumably decades ago, made his own set of these stories and cut out issue numbers from the covers of several issues of Action Comics and Superman to help do that."

Here are the photos from the heritage auction.

These sold for $5676 back in 2013 on Heritage.  

The piece that has the iconic image of Superman with the Car will go for a LOT more than $7000 if it comes to auction.

The piece from Action 7 should do well too.

Edited March 21, 2022 by gadzukes

[F For Fake]

CGC began collapsing into self parody a while back, but as long as the money keeps rolling in, I don't expect things to change. The market has gone from robust to bonkers to altogether unsettling. Too much money in the game, too many people. Bah!

[MR SigS]

Too bad there's no one left to sign it. 

[musicmeta]

This is just insane!!! 

[gadzukes]

On 3/21/2022 at 1:17 PM, musicmeta said:

This is just insane!!! 

You know what is more insane???? NFTs lol.

This NFT sold for $23.7 million   Maybe the new owner of the "#1" should digitize it and make an NFT out of it. 

Edited March 21, 2022 by gadzukes